Convertibles Calendar: Evolent Health on tap

Oct. 17:

EVOLENT HEALTH INC.:

• $125 million seven-year convertible notes

• Coupon of 1.25% to 1.75% and initial conversion premium of 30% to 35%

• J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC

• Rule 144A

• Greenshoe of $18.75 million

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

• Proceeds for working capital and general corporate purposes

• Arlington, Va.-based company that partners with health care providers to implement value-based care

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