Convertibles Calendar: Alarm.com on tap

Jan. 14

ALARM.COM:

• $400 million five-year convertible notes, upsized from $350 million

• Greenshoe of $60 million, upsized from $52.5 million

• Fixed coupon of 0% and initial conversion premium of 42.5% to 47.5%, tightened from initial talk of coupon of 0% to 0.5% and initial conversion premium of 37.5% to 42.5%

• Rule 144A

• J.P. Morgan Securities LLC and Barclays

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

• To repay outstanding borrowings and terminate its credit agreement and for general corporate purposes

• Tysons, Va.-based security technology company

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