Convertibles Calendar: Spectranetics to price $200 million, New Mountain to price $100 million

MAY 28

SPECTRANETICS CORP.:

• $200 million of convertible senior notes

• $30 million greenshoe

• Talked 2.75%-3.25% coupon, up 32.5%-37.5%

• Pricing after the market close Wednesday

• Via sole bookrunner Piper Jaffray & Co.

• Registered

• Non-callable for four years, then provisionally callable for three years at 130% price hurdle

• Takeover and dividend protectoin

• Physical settlement

• Proceeds for proposed acquisition of AngioScore.

• Colorado Springs, Colo.-based single-use medical devices for cardiovascular systems

• Nasdaq: SPNC

NEW MOUNTAIN FINANCE CORP.:

• $100 million of convertible senior notes

• $15 million greenshoe

• Talked 4.5-5% coupon, up 10%-15%

• Pricing after the market close Wednesday

• Via bookrunner Goldman Sachs & Co.

• Rule 144A

• Proceeds to repay outstanding debt under its credit facilities and other general corporate purposes

• New York-based investment company

• Nasdaq: NMFC

On The Horizon

EXELON CORP.:

• Convertible mandatories

• Via underwriters Barclays and Goldman Sachs & Co.

• Concurrent offering of shares

• Proceeds to fund partially $6.8 billion purchase of Pepco Holdings Inc.

• Chicago-based electricity and gas utility

• NYSE: EXC

500.COM LTD.:

• Up to $120 million of convertible senior notes

• Via underwriter Deutsche Bank Securities Inc.

• F-1 regulatory filing

• Concurrent offering of ADS

• Concurrent share lending agreement with Deutsche Bank AG

• Takeover protection

• No exchange listing

• Proceeds for R&D, business expansion, general corporate purposes, including working capital needs, incremental costs

• Shenzhen, China-based online sports lottery service provider

• NYSE: ADS: WBAI

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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