Trina Solar Limited (TSL) turer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced holders of the Company's 4.00% Convertible Senior Notes due 2013 have the right to surrender their Securities for purchase by Trina Solar pursuant to the terms of the indenture for the Securities. The Option expires on August 4, 2011.
The Option entitles each holder of the Securities to require the Company to purchase, on August 5, 2011, all or any part of such holder's Securities at a price equal to the principal amount plus accrued and unpaid interest. Trina Solar will pay the purchase price solely with cash. Holders that do not surrender their Securities for purchase pursuant to the Option will maintain the right to convert their Securities, subject to the terms, conditions and adjustments applicable to the Securities.
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