North Coast Solar Stocks

May 8, 2009

Suntech Announces Additional Repurchase of $150.4 Million 2012 Convertible Senior Notes

Filed under: STP — Tags: , , , — Jason @ 8:15 am

Friday May 8, 2009, 8:15 am EDT

SAN FRANCISCO and WUXI, China, May 8 /PRNewswire-Asia/ — Suntech Power Holdings Co., Ltd. (STP), the world’s largest manufacturer of crystalline silicon photovoltaic (PV) modules, today announced that in the first quarter of 2009, Suntech re-purchased $150.4 million aggregate principal amount of its 0.25% convertible senior notes due 2012 for a total cash consideration of $129.9 million. As of May 8, 2009, Suntech had $255.8 million principal amount of its 2012 convertible senior notes outstanding.

Suntech may from time to time seek to make additional repurchases of its convertible senior notes. Such repurchases, if any, will depend on prevailing market conditions, our liquidity requirements and other factors.

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