Convertibles Calendar: Tilray on tap

Oct. 4:

TILRAY INC.:

• $400 million five-year convertible notes

• Coupon of 4.75% to 5.25% and initial conversion premium of 12.5% to 17.5%

• Cowen and Co. LLC (left lead), BMO Capital Markets Corp. and BofA Merrill Lynch

• Rule 144A

• Greenshoe of $60 million

• Non-callable for three years then subject to a 130% hurdle

• Proceeds to repay the $9.1 million mortgage on the company’s facility in Nanaimo, B.C., for working capital, for future acquisitions and for general corporate purposes

• Nanaimo, B.C.-based medical cannabis company

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