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Convertibles Calendar: Zillow, Intrexon, Goldman Sachs BDC on tap
June 28 (pre-open)
GOLDMAN SACHS BDC INC.:
$32.5 million add-on to 4.5% convertible notes due 2022
SunTrust Robinson Humphrey Inc., BofA Merrill Lynch, Morgan Stanley & Co. LLC and Goldman Sachs & Co.
Non-callable
Proceeds to repay a portion of the companys revolving credit facility
New York-based specialty finance business development company
June 28 (post-close)
ZILLOW GROUP INC.:
$325 million five-year convertible notes
Price talk for a coupon of 1% to 1.5% and an initial conversion premium of 37.5% to 42.5%
Goldman Sachs & Co. and Citigroup Global Markets Inc.
Greenshoe $48.75 million
Non-callable until July 6, 2021 then subject to a 130% hurdle
Registered
Concurrent $325 million class C capital stock offering
Proceeds to cover the cost of the call spread and for general corporate purposes
Seattle-based online real estate database company
INTREXON CORP.:
$200 million five-year convertible notes
Price talk for a coupon of 3% to 3.5% and an initial conversion premium of 27.5% to 32.5%
J.P. Morgan Securities LLC
Greenshoe $30 million
Non-callable
Registered
Concurrent $100 million common stock offering to be loaned to JPMorgan in a share lending agreement
Proceeds for general corporate purposes and strategic acquisitions and investments
Germantown, Md.-based biotechnology company
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