Convertibles Calendar: Shutterfly to price $220 million

MAY 14

SHUTTERFLY INC: (Nasdaq: SFLY): $220 million five-year convertible senior notes; $30 million greenshoe; pricing after the market close Tuesday; talked 0.25%-0.75%, up 27.5%-32.5%; Rule 144A; via Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Merrill Lynch and Citigroup Global Markets Inc.; co-managers Credit Suisse Securities (USA) LLC, Wells Fargo Securities LLC and Evercore Partners LLC; non-callable, with no puts; takeover protection; net-share settlement with contingent conversion at 130%; proceeds for acquisitions and other strategic transactions; convertible note hedge and warrant transactions, and to repurchase up to $30 million of common stock, as well as for general corporate purposes; Redwood City, Calif.-based provider of digital personalized photo products and services.

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