Convertibles Calendar: Wolfspeed, Xometry on tap

Jan. 31

WOLFSPEED INC.:

• $500 million six-year convertible notes

• Greenshoe of $75 million

• Coupon of 0.25% to 0.75% and initial conversion premium of 30% to 35%

• Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, J.P. Morgan Securities LLC, BofA Securities Inc. and Citigroup Global Markets Inc.

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

• Rule 144A

• Proceeds to fund the call spread and for general corporate purposes

• Durham, N.C.-based wide bandgap semiconductor developer

Feb. 1

XOMETRY INC.:

• $250 million five-year convertible notes

• Greenshoe of $37.5 million

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

• Goldman Sachs & Co. LLC (lead left), J.P. Morgan Securities LLC and BofA Securities Inc.

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

• Rule 144A

• Proceeds for general corporate purposes, which may include acquisitions or strategic investments

• Rockville, Md.-based industrial parts marketplace

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