Cases & Deals

SunPower completes private offering of $300 million of 0.75% Senior Convertible Debentures

Clients SunPower Corporation

Jones Day advised SunPower Corporation, a vertically integrated solar products and solutions company, in connection with its private offering of $300 million of 0.75% Senior Convertible Debentures due 2018. $100 million in aggregate principal amount of the debentures were sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and $200 million in aggregate principal amount of the debentures were sold to Total Gas & Power USA, SAS, a subsidiary of Total S.A., which owns approximately 65% of SunPower’s outstanding Common Stock and which is an institutional accredited investor pursuant to Regulation D under the Securities Act.