CHANGZHOU, China, July 29 /PRNewswire-Asia-FirstCall/ -- Trina Solar
Limited (NYSE: TSL) ('Trina Solar' or the 'Company'), a leading integrated
manufacturer of solar photovoltaic products from the production of ingots,
wafers and cells to the assembly of photovoltaic, or PV, modules, announced
today that its follow-on public offering of 4,500,000 American depositary
shares, or ADSs, each representing 100 ordinary shares of the Company, was
priced at $28.75 per ADS. Trina Solar has granted the underwriters a 30-day
option to purchase up to an additional 675,000 ADSs.
Trina Solar intends to use the net proceeds from the offering to
repurchase up to $30 million of its 4.00% convertible senior notes due 2013
and to fund facilities expansion and other general corporate purposes. The
Company's management will retain broad discretion over the use of proceeds,
and the Company may ultimately use the proceeds for different purposes.
Goldman Sachs (Asia) L.L.C. and Credit Suisse Securities (USA) LLC are
joint bookrunners for the offering, and Piper Jaffray & Co is a co-manager for
the offering.
This offering is being made under Trina Solar's 'automatic shelf'
registration statement on Form F-3 filed with the Securities and Exchange
Commission on July 27, 2009. This press release does not constitute an offer
to sell, or the solicitation of an offer to buy, securities, and does not
constitute an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The Company's registration
statement on Form F-3 and preliminary prospectus supplement are available from
the SEC website at: http://www.sec.gov.
Copies of the prospectus supplement and the accompanying prospectus may be
obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad
Street, New York, NY, 10004, telephone: (866) 471-2526, facsimile:
+1-212-902-9316, or Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, One Madison Avenue, New York, NY 10010, telephone: (800) 221-1037.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high
quality modules and has a long history as a solar PV pioneer since it was
founded in 1997 as a system installation company.