Convertibles Calendar: Rambus, Quotient to price

Nov. 13

RAMBUS INC.

• $150 million of convertible notes due 2023

• $22.5 million over allotment option

• Price talk for 1.5% to 2% and initial conversion premium of 27.5% to 32.5%

• Barclays, Credit Suisse, and Deutsche Bank

• Non-callable

• No puts

• Proceeds will be used to purchase the call spread, repurchase up to $60 million of Rambus’ outstanding 1.125% convertible notes, and for general corporate purposes

• Sunnyvale, Calif.-based semiconductor and Intellectual Property products company

QUOTIENT TECHNOLOGY INC.

• $175 million of convertible notes due 2022

• $25 million over allotment option

• Non-callable for three years, provisionally callable at par if stocks trades at or above 130% of conversion price for 20 out of 30 trading days

• Proceeds will be used for general corporate purposes, the repurchase of Quotient stock through its existing repurchase program, potential acquisitions, and strategic transactions

• Mountain View, Calif.-based digital promotion platform

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