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Published on 3/14/2018 in the Prospect News Convertibles Daily.

Convertibles Calendar: Zendesk to price

March 15

ZENDESK INC.

• $500 million of convertible notes due 2023

• $75 million greenshoe

• Price talk for a coupon of 0% to 0.5% and an initial conversion premium of 25% to 30%

• Pricing post-close Thursday

• Goldman Sachs & Co. and Morgan Stanley & Co. LLC

• Rule 144A

• Cover the cost of the call spread, for working capital and for general corporate purposes

• San Francisco-based customer service software company


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