Salesforce.com convertibles total $575 million with greenshoe exercise

By Marisa Wong

Milwaukee, Jan. 19 - Salesforce.com announced that the underwriters of its recent offering of convertible senior notes due 2015 have exercised the $75 million over-allotment option in full. The $575 million offering closed on Tuesday, according to a news release.

The company priced $500 million of five-year convertible bonds on Jan. 12 to yield 0.75% with an initial conversion premium of 25%.

Bank of America Merrill Lynch was bookrunner of the Rule 144A offering.

Proceeds will be used to cover the cost of convertible note hedge transactions and for general corporate purposes.

San Francisco-based Salesforce.com is an enterprise cloud computing company.

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