The Canada-based solar technology company said on Wednesday it will market the securities among institutional investors. The convertible senior notes on offer will mature on January 15, 2031, and will bear an interest that will be paid semi-annually. The notes will be unsecured obligations that could be repurchased, redeemed or converted into common stock at a rate that will be determined when the transaction is priced. They will be redeemable, in whole or in part, for cash, on or after January 22, 2029, with the redemption price to be equal to 100% of their principal amount, plus accrued and unpaid interest.

The initial purchasers of the securities will be given an additional 13 days to subscribe for an additional USD 30 million worth of notes.

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