Convertibles Calendar: Iconix, Callidus Software to price

MAY 17

ICONIX BRAND GROUP INC. (Nasdaq: ICON): $275 million of five-year convertible senior subordinated notes; after the market close Tuesday; talked 2.5%-3%, up 27.5%-32.5%; via Barclays Capital Inc. and Goldman Sachs & Co. as joint bookrunners; Rule 144A; $25 million greenshoe; non-callable; no puts; contingent conversion at 130%; concurrent note hedge and warrant transactions; proceeds for repaying debt including existing 1.875% convertibles, which may be paid on or prior to the June 30, 2012 maturity date, and for general corporate purposes; New York-based brand management company.

CALLIDUS SOFTWARE INC. (Nasdaq: CALD): $70 million of convertible senior notes; five-year term; after the market close Tuesday; talked at 4.5%-5%, up 22.5%-27.5%; Rule 144A; $10.5 million greenshoe; via Morgan Stanley & Co. Inc. as bookrunner and Roth Capital Partners as co-manager; non-callable for three years, then provisionally callable at 130%; proceeds for share buybacks and general corporate purposes; Pleasanton, Calif.-based sales software company.

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