Convertibles Calendar: CalAmp, Encore Capital, Arbor Realty to price

July 17 (post-close)

CALAMP CORP.:

• $200 million convertible notes due 2025

• Non-callable

• Concurrent capped call transaction

• Proceeds to pay the cost of the capped call, to repurchase about $25 million of shares and for working capital and general corporate purposes

• Irvine, Calif.-based wireless products company

ENCORE CAPITAL GROUP INC.:

• $150 million exchangeable notes due 2023

• $22.5 million greenshoe

• Talked to yield 4%-4.5%, up 25%-30%

• Concurrent capped call transaction

• SunTrust Robinson Humphrey Inc. and Credit Suisse Securities (USA) LLC are joint bookrunning managers

• SEC registered

• Proceeds to partially fund the acquisition of equity interests in Janus Holdings Luxembourg Sarl and Cabot Holdings Sarl

• San Diego-based specialty finance company

ARBOR REALTY TRUST INC.:

• $110 million convertible notes due 2021

• $16.5 million greenshoe

• Price talk 4%-4.5%, up 10%-15%

• Bookrunners J.P. Morgan Securities LLC and JMP

• Proceeds to exchange 5.375% convertible for cash and stock, with remainder for general corporate purposes

• Rule 144A

• Uniondale, N.Y.-based real estate investment trust and national direct lender

July 18 (post-close)

REDFIN CORP:

• $125 million five-year convertible notes

• Price talk for a coupon of 1.75% to 2.25% and an initial conversion premium of 27.5% to 32.5%

• Goldman Sachs & Co., BofA Merrill Lynch and RBC Capital Markets LLC

• Greenshoe $18.75 million

• Non-callable

• Rule 144A

• Concurrent offering of 3.5 million shares of common stock

• Proceeds to be used for working capital and general corporate purposes

• Seattle-based online real estate brokerage

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