GT Solar (NASDAQ: SOLR) has agreed to repurchase 26.5 million shares of its common stock from certain shareholders, including its PE-backers, reducing its shares outstanding to approximately 124 million. The firm will pay $7.66 per share, putting the aggregate price at $203 million. The transaction will be partially financed by a new senior secured credit facility of up to $200 million from Credit Suisse. GFI Energy Ventures, Oaktree Capital Management and Angeleno Group bought a majority stake in GT Solar for $83 million in 2006. The company later went public in 2008.