Evergreen Solar Inc. (NASDAQ: ESLR) reported Wednesday that it has priced its $165 million offering of 13 percent convertible secured senior notes, which are due in 2015, according to Associated Press.
The offering, which was made to institutional buyers, is expected to close April 26.
Simply Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move.
Sign Up for our Free Stock Newsletter
Evergreen said it will use the net proceeds from this offering to purchase $124.5 million of its senior notes due 2013 and intends to use the remainder for general corporate purposes, working capital and for further expansion of its manufacturing facility in Wuhan, China.
Follow Simply Best Penny Stocks on Twitter: http://www.Twitter.com/simplybestps
Simply Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.