JinkoSolar Announces the Concurrent Offering of 2,750,000 American Depositary Shares and US$100.0 Million Convertible Senior Notes

published: 2014-01-16 10:23 | editor: | category: News

JinkoSolar Holding Co., Ltd., a global enterprise in the solar PV industry, announced on January 14th the commencement of the offering of 2,750,000 American Depositary Shares, each representing four ordinary shares of the Company, at par value US$0.00002 per share (plus up to an additional 412,500 ADSs pursuant to an over-allotment option), and a concurrent offering of up to US$100.0 million in aggregate principal amount of convertible senior notes due 2019 (plus up to an additional US$15.0 million aggregate principal amount pursuant toan over-allotment option). The offerings are subject to market conditions and other factors.

Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the ADS Offering and the Notes Offering.

The closing of the Notes Offering is contingent upon the closing of the ADS Offering, and the closing of the ADS Offering is contingent upon the closing of the Notes Offering.

The ADS Offering will be made pursuant to the Company's shelf registration statement on a Form F-3/A filed with the Securities and Exchange Commission on August 14, 2013, which became effective on August 15, 2013. The Company's registration statement on Form F-3/A and preliminary prospectus supplement are available from the SEC website at: www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus describing the ADS Offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at Eleven Madison Avenue, New York, New York 10010-3629 or by telephone at (800) 221-1037.

The Notes will be offered to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation Sunder the Securities Act of 1933, as amended (the "Securities Act"). The Notes, the ADSs deliverable upon conversion of the Notes and the ordinary shares represented thereby, have not been and will not be registered under the Securities Act or the securities laws of any other place, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor will there be any sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release contains information about the pending offerings of the ADSs and the Notes, and there can be no assurance that the offerings will be completed.
 

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