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Convertibles Calendar: Liberty Media, Post Holdings on tap
Aug. 9
LIBERTY MEDIA CORP:
$375 million five-year convertible notes
$50 million greenshoe
Coupon of 2.25% to 2.75% and initial conversion premium of 27.5% to 32.5%
Non-callable for three years and then subject to a 130% hurdle
Rule 144A
Credit Suisse Securities (USA) LLC (lead left), Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
Repurchase Libertys 1% cash convertible notes due 2023 in privately negotiated transactions and for general corporate purposes
Englewood, Colo.-based owner and operator of media, communications and entertainment businesses
POST HOLDINGS INC.:
$400 million five-year convertible notes
$60 million greenshoe
Coupon of 2.25% to 2.75% and initial conversion premium of 17.5% to 22.5%
Non-callable until Aug. 20, 2025 and then subject to a 130% hurdle
Rule 144A
Barclays (lead left), J.P. Morgan Securities LLC, Citigroup Global Markets Inc.
Repurchase up to $100 million in common stock and for general corporate purposes
St. Louis-based consumer packaged goods holding company
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