Tag Archives: debentures

SunPower (SPWR) Announces That Stock Price Has Hit Trigger To Allow Conversion Of $200M Senior Convertible Debentures Due 2027

SunPower announced today that the price of its A common stock has been greater than or equal to S70.94 for 20 out of the past 30 days. $70.94/share is 125% of the conversion price for one series of SunPower’s senior convertible debentures. The series in question is a $200 million aggregate principal amount of 1.25% senior convertible debentures due 2027. Holders of this series of debentures may convert them if they wish, starting in the … Read the rest