Convertibles Calendar: Accolade on tap

March 24

ACCOLADE INC.:

• $250 million five-year convertible notes

• Greenshoe of $37.5 million

• Coupon of 0% to 0.5% and initial conversion premium of 30% to 35%

• Rule 144A

• Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BofA Securities Inc., Piper Sandler Co., Credit Suisse Securities (USA) LLC, William Blair & Co. LLC, SVB Leerink LLC and Academy Securities Inc.

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

• Proceeds to cover the cost of the call spread and for general corporate purposes

• Seattle-based health care technology company

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