JinkoSolar files to sell 3.75M American Depositary Shares
JinkoSolar announced the commencement of a follow-on offering of 3.75M American depositary shares, each representing four ordinary shares of the company, par value $0.00002 per share. The company also announced the commencement of a concurrent private placement of up to $85M in aggregate principal amount of convertible senior notes due 2024. The ADS Offering is not contingent upon the closing of the Note Private Placement, and the Note Private Placement is not contingent upon the closing of ADS Offering. The ADS Offering and Note Private Placement are subject to market conditions and other factors. Credit Suisse Securities and Barclays Capital are acting as joint bookrunners for the ADS Offering. Roth Capital Partners is acting as co-manager for the ADS Offering.