Convertibles Calendar: Innoviva on tap

March 2

INNOVIVA INC.:

• $200 million six-year convertible notes

• Greenshoe of $40 million

• Coupon of 2.125% to 2.625% and initial conversion premium of 30% to 35%

• Goldman Sachs & Co. LLC and Moelis & Co.

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

• Rule 144A

• Cover the cost of the call spread and repurchase 2023 notes

• Brisbane, Calif.-based biopharmaceutical company

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