Trina Solar holders may put back 4% convertible notes on Aug. 9

By Jennifer Chiou

New York, July 12 - Trina Solar Ltd. announced that holders of its $138 million of 4% convertible senior notes due 2013 may exercise their put option until 5 p.m. ET on Aug. 9.

According to a news release, holders were to originally have a put option on July 15, which required Trina to provide written notice at least 20 business days prior to that date.

The company said that it inadvertently missed that deadline and has thus extended the put option to Aug. 9.

The Changzhou, China-based maker of solar-power products said that it will pay the purchase price plus accrued interest to Aug. 10.

Trina Solar's ADRs (NYSE: TSL) closed at $19.76 apiece on Monday.

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