Convertibles Calendar: Apollo Commercial to price $100 million

March 11

APOLLO COMMERCIAL REAL ESTATE FINANCE INC, (NYSE: ARI): $100 million of five-year convertible senior notes; pricing after the market close Tuesday; talked 5.75%-6.25%, up 10%-15%; $15 million greenshoe; registered; joint bookrunners J.P. Morgan Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc.; non-callable, no puts; proceeds for repaying repurchase facility with JPMorgan Chase Bank NA, for acquisition of target assets and for general corporate purposes; New York-based commercial REIT.

International Convertibles Calendar

ON THE HORIZON

UTTAM STRIPS LTD.: $200 million of 10-year convertible bonds; to yield 6%-8%; private placement via U.S.-based private equity fund Exhilway Global as sole agent for placing the bond; proceeds to repay Indian bank liabilities and for possible acquisitions; New Delhi-based metal home products manufacturer.

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