Convertibles Calendar: Arbor Realty, Infinera on tap

Aug. 2

ARBOR REALTY TRUST INC.:

• $200 million three-year convertible notes

• $30 million greenshoe

• Coupon of 7% to 7.5% and initial conversion premium of 10% to 15%

• Non-callable

• Rule 144A

• J.P. Morgan Securities LLC and JMP Securities LLC

• Repurchase a portion of the 4.75% convertible notes due Nov. 1, 2022 for cash

• Uniondale, N.Y.-based real estate investment trust

Aug. 3

INFINERA CORP.:

• $275 million six-year convertible notes

• $41.25 million greenshoe

• Coupon of 3.25% to 7.5% and initial conversion premium of 27.5% to 32.5%

• Non-callable until Aug. 5, 2025 and then subject to a 130% hurdle

• Rule 144A

• Jefferies LLC

• Repurchase the company’s 2.125% convertible notes due 2024 in privately negotiated transactions

• San Jose, Calif.-based global supplier of optical networking equipment

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