3.01%QQQQ 43.66 3.24%XLF 20.98 4.90%
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NEW YORK - Canadian Solar Inc., which makes solar cells, said Friday it will issue nearly 4 million shares for $74 million of convertible notes surrendered in a recent offer.
| CSIQ | 27.55 |  -1.1 |
About 98 percent of the 6 percent convertible senior notes, due 2017, were exchanged in the offer, which expired Tuesday.
On March 31, the company had about 32.4 million shares outstanding.
Shares fell $2.44, or 5.7 percent, to $40.40 in afternoon trading.
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