SunPower Seeking to Raise $350 Million Through Private Offering

SunPower Corp., the second-biggest U.S. solar manufacturer, is seeking to raise $350 million through a private offering of senior convertible debentures.

The debentures will mature in 2023, San Jose, California-based SunPower said in a statement Tuesday. The terms are still to be negotiated with the purchasers.

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