Canadian Solar unveils USD-100m equity offering programme
January 4 – Canadian Solar Inc (NASDAQ:CSIQ) said today it has filed a prospectus supplement to sell up to USD 100 million (EUR 92.2m) of common shares through an at-the-market equity offering programme.
Canadian Solar noted it will be selling shares under the programme from time to time, at the company’s discretion. It intends to use the net proceeds from the sales for general corporate purposes, possibly including solar power project development and working capital.
Credit Suisse Group AG (VTX:CSGN) will act as sales agent for the offering.
In mid-December, the company raised a USD-80-million final tranche under its previously unveiled two-year senior secured term loan arranged by the Singapore branch of Credit Suisse. Its total facility now amounts to USD 180 million, it said then.
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