Convertibles Calendar: Benefitfocus on tap

Dec. 20:

BENEFITFOCUS INC.:

• $200 million five-year convertible notes

• Greenshoe of $40 million

• Coupon of 0.75% to 1.25% and initial conversion premium of 30% to 35%

• Rule 144A

• J.P. Morgan Securities LLC

• Non-callable until Dec. 20, 2021 then subject to a 130% hurdle

• Charleston, S.C.-based cloud-based benefits management platform

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