Convertibles Calendar: Insulet to price $110 million

JUNE 23

INSULET CORP. (Nasdaq: PODD): $110 million of five-year convertible notes; to yield 3.5%-4%, up 30%-35%; together with $25 million offering of secondary stock; after the market close Wednesday; registered, off the shelf; $16.5 million greenshoe; via J.P. Morgan Securities LLC; non-callable for three years, then provisionally callable subject to a 130% price hurdle, and freely convertible after June 20, 2015; contingent conversion subject to 130% price hurdle; proceeds for general corporate purposes, including possible repurchase of existing debt that matures June 2013; Bedford, Mass.-based medical device maker.

© 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.