Convertibles Calendar: Halozyme, Sunnova on tap

Aug. 15

HALOZYME THERAPEUTICS INC.:

• $500 million six-year convertible notes

• $75 million greenshoe

• Coupon of 1% to 1.5% and initial conversion premium of 27.5% to 32.5%

• Non-callable until Aug. 15 and then subject to a 130% hurdle

• Rule 144A

• BofA Securities Inc. and Evercore ISI

• Concurrent exchange of 1.25% convertible notes due 2024 for cash and shares in privately negotiated transactions

• Fund the cost of the call spread, repurchase up to $200 million of common stock, fund the exchange of the 1.25% notes and repay its outstanding $250 term loan facility due 2026

• San Diego-based biopharmaceutical company

Aug. 16

SUNNOVA ENERGY INTERNATIONAL INC.:

• $425 million six-year convertible notes

• $75 million greenshoe

• Coupon of 2.375% to 2.875% and initial conversion premium of 25% to 30%

• Rule 144A

• J.P. Morgan Securities LLC

• Cover the cost of the call spread and for general corporate purposes

• Houston-based solar and energy storage service provider

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