Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SunPower Selling Most of $400 Million Debt Offer to Total Unit

June 4 (Bloomberg) -- SunPower Corp. plans to sell the majority of a $400 million debt offering to a unit of Total SA, the largest shareholder in the solar manufacturer.

Total Energies Nouvelles Activites USA has agreed to buy $250 million of the convertible debentures, which mature in June 2021, San Jose, California-based SunPower said today in a statement. Interest and initial conversion rates will be determined at the time of sale.

SunPower will use the proceeds for general corporate purposes, including the retirement of existing debt and capital expenditures, according to the statement.

Total holds about 60 percent of SunPower’s shares, according to data compiled by Bloomberg.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Tina Davis, Robin Saponar

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.