Kirkland & Ellis advised Array Technologies, Inc., one of the world’s largest providers of utility-scale solar tracker technology, on its first convertible bond and capped call transaction. The proceeds of the offering will be used to finance Array’s recently announced cross-border acquisition of Soluciones Técnicas Integrales Norland, S.L, one of Europe’s leading manufacturers of solar trackers. Array currently trades on the Nasdaq under the symbol “ARRY”.
Read Array’s press release
The Kirkland team was led by capital markets partners Michael Rigdon, Mike Kim and Josh Korff and associates Logan Weissler, Sean Aguirre, Ben Sharp and Andrei Bucur, derivatives partner Jaime Madell, debt finance partner Andy Veit, corporate partner Rhett Van Syoc, and tax partners Mark Dundon and Joe Tobias and associate Courtney Loyack.