Convertibles Calendar

On The Horizon

INNOVIVA INC.:

• $175 million of convertible senior notes due 2025

• $17.5 million over-allotment option

• Price talk 2.25%-2.75%, up 27.5%-32.5%

• Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. (bookrunners)

• Non-callable for life

• Proceeds from the convertibles offering will be used to redeem a portion of 0% fixed-rate term notes due 2029 as part of a refinancing

• Brisbane, Calif.-based biopharmaceutical company

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