Convertibles Calendar

WEEK OF OCT. 2

DIODES INC. (Nasdaq: DIOD): $200 million 20-year convertible senior notes; UBS Securities (books); off shelf; $30 million greenshoe; non-callable for five years, puts in years five, 10 and 15; contingent conversion hurdle at 120%, contingent payment at 120%; Westlake Village, Calif., semiconductor manufacturer will use proceeds for working capital and general corporate purposes; pricing Thursday after the close; talked at a coupon of 1.875% to 2.375% and an initial conversion premium of 32.5% to 37.5%.

ON THE HORIZON

GOL LINHAS AEREAS INTELIGENTES SA (NYSE: GOL): $100 million offering of 20-year convertible senior unsecured notes; pricing expected after registration is approved; Morgan Stanley is bookrunner; also concurrent primary offering of 2.5 million preferred shares and offer of convertible debentures in Brazil; greenshoe for $15 million; non-callable for five years; puts in years five, 10 and 15; contingent conversion at 120%; Sao Paulo, Brazil-based low cost airline carrier will use proceeds to buy aircraft, equipment and materials.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.