SunPower prices $175M Debenture Offering

SunPower Corp. (Nasdaq: SPWR) has priced its public offering of $175 million of 1.25% senior convertible debentures due 2027. SunPower has also granted the underwriters of such offering an option to purchase up to an additional $25 million aggregate principal amount of the debentures. The solar cells and panels maker said it is also offering up to 2.9 million shares of its class A common stock, all of which are being borrowed by an affiliate of Lehman Brothers Inc. Closing of the public offering is expected to occur on February 7. SunPower intends to use the net proceeds for general corporate purposes, including working capital and capital expenditures.

Read More

Intechra Closes Aquisitions

Intechra, the nation’s largest e-waste recycling company, announced the completion of its acquisition of three companies from Chasm Holding Corp. The acquisitions give Intechra a presence across the U.S. to recover end-of-life computers and related electronics. EPC, Los Angeles, Calif. Market2Market, Columbus, Ohio SpaceFitters, Hartford, Conn. These companies complement Intechra’s existing operations in Columbus, Ohio; Dallas, Texas; Casa Grande, Ariz.; and Phoenix, Ariz. The processing centers in Hartford, Columbus, Dallas, and Phoenix handle remanufacturing and remarketing and can process about 335,000 assets each month, including computers, monitors, laptops, routers, servers, etc. The recycling centers in Casa Grande and Los Angeles and a recycling operation in the Dallas facility can together recycle about nine million pounds of electronic assets per month. “Combining the capabilities and employees of these companies with Intechra creates a vertically integrated company with a full complement of remarketing, recycling and refurbishment services. We are particularly excited about our added recycling capability because environmental compliance is becoming more important to our clients,” said Chip Slack, Intechra CEO. Intechra is the only ITAD provider to be vertically integrated and have locations from coast to coast. Geographic proximity reduces shipping costs for clients while increasing speed to market for remarketed […]

Read More

NFL Promises Green Super Bowl

Read More