Convertibles Calendar: onsemi, Southern Co. on tap

Feb. 23

ONSEMI

• $1.1 billion six-year convertible notes

• $165 million greenshoe

• Coupon of 0.5% to 1% and initial conversion premium of 27.5% to 32.5%

• Non-callable for three years

• Rule 144A

• Citigroup Global Markets Inc., BofA Securities Inc., Morgan Stanley & Co. LLC, BMO Capital Markets Corp., BBVA Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America Inc. and Barclays

• Proceeds to cover the cost of the call spread, to repay up to $1,086,000,000 of the outstanding debt under the company’s term loan B facility and for general corporate purposes

• Phoenix-based semiconductor company

SOUTHERN CO.

• $1.5 billion three-year convertible notes

• $225 million greenshoe

• Coupon of 3.625% to 4.125% and initial conversion premium of 27.5% to 32.5%

• Non-callable

• Rule 144A

• Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA Inc.

• Proceeds to repay the company’s commercial paper borrowings and for general corporate purposes

• Atlanta-based energy provider

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.