Convertibles Calendar: Wolfspeed, indie Semiconductor, Brookdale on tap

Nov. 16

WOLFSPEED INC.:

• $1.3 billion seven-year convertible notes

• $200 million greenshoe

• Coupon of 1.625% to 2.125% and initial conversion premium of 32.5% to 37.5%

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

• Rule 144A

• Morgan Stanley & Co. LLC (lead left) and Wells Fargo Securities LLC

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

• Durham, N.C.-based bandgap semiconductor developer

INDIE SEMICONDUCTOR INC.:

• $125 million five-year convertible notes

• $18.75 million greenshoe

• Coupon of 4.25% to 4.75% and initial conversion premium of 25% to 30%

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

• Rule 144A

• Goldman Sachs & Co. LLC

• $25 million share repurchase and general corporate purposes

• Aliso Viejo, Calif.-based automotive semiconductor company

BROOKDALE SENIOR LIVING INC.:

• $125 million par $50 three-year equity units

• $18.75 million greenshoe

• Yield of 6.75% to 7.25% and initial conversion premium of 12.5% to 17.5%

• SEC registered

• BofA Securities Inc. and Barclays

• General corporate purposes

• Nashville-based operator of senior living communities

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