Flexible Electronics News

Evergreen Solar Announces the Pricing of $165 Million of its 13 Percent Convertible Senior Secured Notes Due 2015

Notes will be senior secured obligations of Evergreen Solar

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Evergreen Solar, Inc. announced the pricing of its offering of $165 million aggregate principal amount of its 13% convertible secured senior notes due 2015 to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933. The offering is expected to close on April 26, 2010, subject to satisfaction of customary closing conditions. The notes will be senior secured obligations of Evergreen Solar. The notes will mature on April 15, 2015 unless earlier converted...

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