Convertibles Calendar: Infinera on tap

Aug. 2

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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