China Sunergy to offer $45M in convertible senior notes
China Sunergy Co. (Nasdaq:CSUN) said late Monday that it will make a private offer for $45 million in convertible senior notes due in 2013. The Chinese manufacturer of solar cell products said it plans to use the proceeds from the offering for the expansion of production capacity, to enhance its R&D department and for general corporate purposes.
Shares lost 5%, or $0.53, to $10.51 in pre-market trading. For detailed price information and recent news stories about China Sunergy, click CSUN.
