Convertibles Calendar: Cutera, InterDigital on tap

May 24

CUTERA INC:

• $200 million six-year convertible notes

• Greenshoe of $30 million

• Coupon of 1.75% to 2.25% and initial conversion premium of 27.5% to 32.5%

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

• Rule 144A

• Goldman Sachs & Co. LLC

• Cover the cost of the call spread, fund the exchange of the 2.25% notes due 2026 and general corporate purposes

• Brisbane, Calif.-based cosmetic and aesthetic laser equipment maker

INTERDIGITAL INC:

• $350 million five-year convertible notes

• Greenshoe of $52.5 million

• Fixed coupon of 3.5% and fixed initial conversion premium of 27.5%

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

• Rule 144A

• BofA Securities Inc., Jefferies LLC, Barclays, Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC

• Cover the cost of the call spread, repurchase a portion of its 2% convertible notes due 2024 and repurchase up to $100 million in common stock

• Wilmington, Del.-based mobile technology research and development company

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