Convertibles Calendar

On The Horizon

II-VI CO.:

• $300 million of convertible senior notes due 2022

• $45 million greenshoe

• Price talk 0.25% to 0.75% yield, up 30% to 35%

• BofA Merrill Lynch (bookrunner)

• Rule 144A offering

• Proceeds will be used to repurchase $50 million in stock from one or more of the initial purchasers of the notes via privately negotiated transactions. Remaining proceeds will be used for general corporate purposes, which may include repayment, redemption or refinancing of debt, capital expenditures, investments in or loans to subsidiaries and joint ventures, funding of possible acquisitions or strategic transactions, working capital, satisfaction of other obligations and additional repurchases of II-VI’s outstanding equity securities

• Pittsburgh-based producer of engineered materials and optoelectronic components and devices

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.