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Convertibles Calendar: LinkedIn to sell $1.15 billion of convertibles
November 5
LINKEDIN CORP.:
$1.15 billion of convertible senior notes
$172.5 million greenshoe
Matures 2019
Coupon talk 0%-0.5%
Premium talk revised lower to 35%-40%, from 40%-45%
Rule 144A
Non-callable, with no puts
Takeover and dividend protection
Concurrent call spread
Joint bookrunners Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
Co-manager Allen & Co.
Proceeds for general corporate purposes and to pay the net cost of a call spread
Mountain View, Calif.-based business-oriented social networking service
On The Horizon
AMERICAN ENERGY PERMIAN HOLDINGS LLC:
$800 million of exchangeables due 2022
Rule 144A
Affiliate of American Energy Permian Basin LLC and American Energy Partners LP
Joint bookrunners Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., Jefferies & Co. and Morgan Stanley & Co. LLC
Proceeds to fund pending acquisitions, to accelerate development drilling, to pay related fees, to repay all outstanding borrowings under its revolving credit facility and for general corporate purposes.
Oklahoma City-based energy company involved in onshore unconventional resource plays
FIAT CHRYSLER AUTOMOBILES NV:
$2.5 billion of mandatory convertibles
Concurrent with common stock
Registered
Pricing by year-end
In conjunction with IPO of Fiat SpA
London-based Italian and U.S. automaker
Nasdaq: FCAU
CARNIVAL GROUP INTERNATIONAL HOLDING LTD.:
Unsecured senior convertible bonds
Bookrunner Deutsche Bank AG, Hong Kong Branch
Regulation S
Concurrent equity swap with Deutsche Bank AG, London Branch as equity swap counterparty
Proceeds to fund existing and new projects; entry into the equity swap; and for working capital and other general corporate purposes
Bermuda-based investment holding company engaged in leisure and consumption businesses
Hong Kong: 00996
SB FINANCIAL GROUP INC.:
$10 million to $15 million of convertible preferred shares
Managed by Keefe Bruyette & Woods Inc.
Registered
Can be converted to common stock after five years
Proceeds to redeem a portion of the companys junior subordinated debentures underlying the trust preferred securities issued by the companys RST I subsidiary and for general corporate purposes
Defiance, Ohio-based community banking, mortgage banking, wealth management services company
Nasdaq: SBFG
PLATFORM SPECIALTY PRODUCTS CORP.:
Convertible securities as part of a funding package of cash, convertibles, debt and equity
Proceeds to fund $3.51 billion acquisition of Arysta LifeScience Ltd., a Tokyo-based provider of agrochemical and biological products
Barclays, Credit Suisse Securities (USA) LLC, Nomura Securities International LLC and UBS AG acted as M&A advisers and have committed financing for the acquisition
Anticipated closing in first quarter 2015
Miami-based specialty chemicals company
NYSE: PAH
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