Convertibles Calendar: Alcoa to price $1.25 billion of mandatories

September 16

ALCOA INC.:

• $1.25 billion mandatory convertible preferred shares

• Maturity Oct. 1, 2017

• $50.00 liquidation preference

• Price talk 5%-5.5%, up 20%-25%

• After the market close Tuesday

• Bookrunners Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC

• Registered, off the shelf

• Proceeds to finance previously announced acquisition of the Firth Rixon business and related fees. Completion is not contingent on the acquisition

• New York-based aluminum producer

• NYSE: AA

TiVo INC.:

• $200 million convertible senior notes

• $30 million greenshoe

• Matures 2021

• Price talk 1.75%-2.25%, up 30%-35%

• After the market close Tuesday

• Rule 144A

• Bookrunners Barclays and Deutsche Bank Securities Inc.

• Call spread

• Non-callable for life, no puts

• Proceeds for general corporate purposes, including share repurchases and to fund the net cost of the call spread

• Alviso, Calif.-based provider of technology and services for digital video recorders

• Nasdaq: TIVO

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