Canadian Solar Inc. has announced the closing of its previously announced offering of US$230 million aggregate principal amount of 3.25% convertible senior notes due 2031. This total includes the full exercise by initial purchasers of an option to acquire an additional US$30 million of the notes. The offering was conducted in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The net proceeds from the offering are approximately US$223.1 million after deductions for discounts and expenses.

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