Convertibles Calendar: Century Aluminum, Verint Systems on tap

April 6

CENTURY ALUMINUM CO.:

• $75 million seven-year convertible notes

• Greenshoe of $11.25 million

• Coupon TBD and an initial conversion premium of 20% to 25%

• Rule144A

• Credit Suisse Securities (USA) LLC, Wells Fargo Securities LLC, BofA Securities Inc. and BNP Paribas Securities Corp.

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

• Concurrent $250 million offering of seven-year senior secured notes

• Proceeds to cover the cost of the call spread and, together with proceeds from the senior notes offering, to fund the tender of the $250 million outstanding of its 12% senior notes due 2025

• Chicago-based aluminum producer

VERINT SYSTEMS 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%

• Rule144A

• J.P. Morgan Securities LLC (lead left) and Goldman Sachs & Co. LLC

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

• Proceeds to cover the cost of the call spread, to repurchase 1.6 million shares of common stock, to repay amounts owed under interest rate swap agreements and to repay a portion of its 2017 term loan.

• Melville, N.Y.-based analytics company

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