WUXI, China, Feb. 15 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co.,
Ltd. (NYSE: STP) today announced the recent closing of the offering of US$500
million of 0.25% Convertible Senior Notes due 2012 to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the
''Securities Act''). The offering closed on February 12, 2007. The aggregate
principal amount of notes sold reflects the exercise in full by the initial
purchasers of their option to purchase up to an additional US$75 million of
the notes to cover over-allotments.
The convertible senior notes and Suntech's ordinary shares represented by
the ADSs, if any, issuable upon conversion of the notes have not been
registered under the Securities Act or the securities laws of any other
jurisdiction. Suntech will file a shelf registration statement for resale of
the notes and Suntech's ordinary shares represented by the ADSs, if any,
issuable upon conversion of the notes and use its reasonable best efforts to
cause such registration statement to become effective under the Securities Act
by the 240th day after the notes are issued. Unless they are registered,
these notes may be offered or sold only in transactions that are exempt from
registration under the Securities Act and the securities laws of any other
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or
sale would be unlawful. Any offers of the notes will be made only by means of
a private offering memorandum.
For more information, please contact:
VP of Business Development
Suntech Power Holdings Co., Ltd.
In the United States:
The Piacente Group, Inc.
Ogilvy Public Relations Worldwide
SOURCE Suntech Power Holdings Co., Ltd.
/CONTACT: Steven Chan, VP of Business Development of Suntech Power
Holdings Co., Ltd., +86-510-8531-8910, or firstname.lastname@example.org; or in the US,
Brandi Piacente, President of The Piacente Group, +1-212-481-2050, or
email@example.com, or in China, Rory Macpherson, Consultant of Ogilvy Public
Relations, +86-10-8520-6553, or firstname.lastname@example.org /
/Web Site: http://www.suntech-power.com /
CO: Suntech Power Holdings Co., Ltd.
IN: CPR OIL UTI
-- CNTH023 --
8214 02/15/2007 08:00 EST http://www.prnewswire.com