Convertibles Calendar: DealerTrack to price $150 million convertibles

FEBRUARY 28

DEALERTRACK HOLDINGS INC. (Nasdaq: TRAK): $150 million of five-year convertibles; after the market close Tuesday; talked to yield 1.5%-2%, up 30%-35%; via joint bookrunners Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo; co-managers Cowen & Co., Craig-Hallum Capital, Evercore Partners, KeyBanc, and JMP; $22.5 million greenshoe; Rule 144A; non-callable, no puts; a portion of proceeds to fund the cost of convertible note hedge transactions, with remaining proceeds for working capital and general corporate purposes, such as repaying debt, and acquisitions and investments; Lake Success, N.Y.-based provider of software services to the automotive retail industry.

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