Convertibles Calendar: Uber, MicroStrategy on tap

Dec. 8

MICROSTRATEGY INC.:

• $400 million five-year convertible notes

• Greenshoe of $60 million

• Coupon of 0.75% to 1.25% and initial conversion premium of 32.5% to 37.5%

• Rule 144A

• Jefferies LLC

• Non-callable until Dec. 20, 2023 and then subject to a 130% hurdle

• Proceeds to invest in Bitcoin and for general corporate purposes

• Tysons Corner, Va.-based business intelligence and analytics company

UBER TECHNOLOGIES INC.:

• $1 billion five-year convertible notes

• Greenshoe of $150 million

• Coupon of 0% to 0.25% and initial conversion premium of 42.5% to 47.5%

• Rule 144A

• BofA Securities Inc. (lead left), J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Barclays and Citigroup Global Markets Inc.

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

• Proceeds for working capital and general corporate purposes, which may include acquisitions

• San Francisco-based transportation technology company

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