SunPower, the California solar panel maker, announced today that it’s issued another $30 million in debenture notes, an indication of investor confidence in the medium – to – long-term prospects of solar companies.
SunPower initially issued $220 million in debenture notes but had allocated an aditionnal $30 million to meet additional investor demand.
The notes are due in 2015 and can be converted into Class A SunPower share at the end of 2014.
Deutsche Bank Securities, Bank of America Merrill Lynch, Citi and Credit Suisse were the initial buyers of the notes– see full press release.