Convertibles Calendar: PROS Holdings on tap

May 1 (pre-open)

PROS HOLDINGS, INC.:

• $125 million five-year convertible notes

• Greenshoe of $18.75 million

• Coupon of 0.75% to 1.25% and initial conversion premium of 27.5% to 32.5%

• Non-callable for three years then subject to a 130% hurdle

• Rule 144A

• Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC

• Proceeds to cover the cost of the call spread and repurchase, exchange or retire its 2% convertible notes due Dec. 1, 2019

• Houston-based price optimization and revenue management software company

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