Convertibles Calendar: Desktop Metal on tap

May 10

DESKTOP METAL INC.:

• $100 million five-year convertible notes, downsized from $150 million

• Greenshoe of $22.5 million

• Revised talk for coupon of 6% and initial conversion premium of 25%; initial talk for coupon of 5% to 5.5% and initial conversion premium of 30% to 35%

• Non-callable until May 20, 2025, then subject to a 130% hurdle

• Rule 144A

• J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC

• Cambridge, Mass.-based designer of 3D printing systems

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.