Convertibles Calendar: 8x8 on tap

Feb. 13:

8X8 INC.:

• $200 million five-year convertible notes

• Greenshoe of $30 million

• Coupon of 0.5% to 1% and initial conversion premium of 27.5% to 32.5%

• Rule 144A

• Non-callable for three years then subject to a 130% hurdle with a make-whole

• Call spread

• Morgan Stanley & Co. LLC

• San Jose, Calif.-based cloud-communications company

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