Convertibles Calendar: Perficient, Retrophin on tap

Sept. 5:

PERFICIENT INC.:

• $125 million of five-year convertible notes

• Price talk for a coupon of 1.875% to 2.375% and an initial conversion premium of 25% to 30%

• Jefferies & Co. and Nomura

• Rule 144A

• Greenshoe of $18.75 million

• Proceeds to cover the cost of the call spread, to repay $56 million of borrowings under its revolving credit facility, to repurchase common stock and for general corporate purposes

• St. Louis-based digital transformation consulting firm serving enterprise customers.

RETROPHIN INC.:

• $200 million of seven-year convertible notes

• Price talk for a coupon of 2.25% to 2.75% and an initial conversion premium of 32.5% to 37.5%

• Registered

• Barclays and Jefferies & Co.

• Greenshoe of $30 million

• Non-callable until Sept. 15, 2022 then subject to a 130% hurdle

• Proceeds for general corporate purposes including potentially exercising its option to purchase Censa Pharmaceuticals Inc.

• San Diego-based biopharmaceutical company specializing in rare diseases

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