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Trina Solar Announces Expiration of Put Option Exercise Period for Its 4.00% Convertible Senior Notes Due 2013

published: 2011-08-11 17:20

Trina Solar Limited (NYSE: TSL) (TSL) ("Trina Solar" or the "Company"), an integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced today that the right of the holders of the Company's 4.00% Convertible Senior Notes due 2013 (the "Securities") to surrender the Securities for purchase (the "Option") by the Company expired at 5:00 p.m., New York City time, on August 9, 2011, pursuant to the terms of and subject to the conditions set forth in the indenture, dated as of July 15, 2008, between the Company, as issuer, and Wilmington Trust Company, as trustee (the "Trustee"), for the Securities, as supplemented by the First Supplemental Indenture, dated as of July 23, 2008, between the Company and the Trustee, and as set forth in the Put Right Purchase Offer to holders of the Securities, dated July 12, 2011 and related notice materials.

The Company has been advised by Wilmington Trust Company, as paying agent (the "Paying Agent"), that, pursuant to the terms of the Option, Securities with an aggregate principal amount of $320,000 were validly surrendered and not withdrawn prior to the expiration of the Option. The Company has accepted these Securities for purchase and, before 11:00 a.m.New York City time on August 10, 2011, will forward cash in payment of the purchase price to the Paying Agent for distribution to holders exercising their option. After this purchase pursuant to the Option, $137,680,000 principal amount of the Securities remains outstanding

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