Convertibles Calendar: Splunk on tap

June 2 (post-close)

SPLUNK INC.:

• $900 million seven-year convertible notes

• Greenshoe of $135 million

• Coupon of 0.875% to 1.375% and initial conversion premium of 32.5% to 37.5%

• Rule 144A

• Morgan Stanley & Co. LLC (lead left)

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

• Proceeds to cover the cost of the call spread and repurchase up to $500 million of the principal amount of the 0.5% convertible notes due 2023

• San Francisco-based software company focused on analyzing machine-generated big data

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