Convertibles Calendar: Snap on tap

Feb. 8

SNAP INC.:

• $1.25 billion six-year convertible notes

• Greenshoe of $200 million

• Coupon of 0.125% to 0.625% and initial conversion premium of 45% to 50%

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

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

• Rule 144A

• Proceeds to cover the cost of the call spread and for general corporate purposes, which may include acquisitions or strategic investments

• Santa Monica, Calif.-based camera and social media company.

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