Icon Law is proud to have acted as Singapore legal advisers to TCL Zhonghuan Renewable Energy Technology Co Ltd ("TZE") in the restructuring of approximately US$403 million existing convertible notes issued by Nasdaq-listed Maxeon Solar Technologies Ltd (NASDAQ: MAXN), and Maxeon's additional issuance of approximately US$97.5 million new convertible notes to TZE.
Maxeon is a Singapore-headquartered manufacturer of Maxeon and SunPower brand solar panels, with sales operations in more than 100 countries. TZE also agreed to a separate equity investment of approximately US$100 million.
Leading the transaction team was Managing Director Soh Chun Bin, with assistance from Director Wong Ee Vin and associate Constance Tay.
