Davis Polk advised the initial purchasers in connection with a Rule 144A and Regulation S offering by Canadian Solar Inc. of $230 million aggregate principal amount of its 2.500% convertible senior notes due 2025, which includes a $30 million option to purchase additional notes, which was exercised in full.
Canadian Solar Inc. was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development.
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyers Jennifer Liu and Mendtuvshin (Mendee) Enkhtaivan. The equity derivatives team included partner John M. Brandow, counsel Faisal Baloch and associate Danielle Forni. Counsel Alon Gurfinkel and associates Omer Harel and Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong, New York and London offices.