Convertibles Calendar: Rivian, Liberty Media on tap

March 7

RIVIAN AUTOMOTIVE INC.

• $1.3 billion six-year convertible notes

• $200 million greenshoe

• Coupon of 4.125% to 4.625% and initial conversion premium of 37.5% to 42.5%

• Non-callable until March 20, 2026 and then subject to a 130% hurdle

• Rule 144A

• Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Barclays

• Proceeds to finance, refinance or make investments in eligible green projects

• Irvine, Calif.-based electric vehicle manufacturer

LIBERTY MEDIA CORP.

• $500 million five-year convertible notes

• $75 million greenshoe

• Coupon of 3.5% to 4% and fixed initial conversion premium of 30%

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

• Rule 144A

• J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Mizuho Securities USA Inc.

• Proceeds to repurchase Liberty’s 1.375% cash convertible notes due 2023 in privately negotiated transactions, settle exchanges or repurchases or redeem the company’s 2.125% exchangeable senior debentures due 2048 and for general corporate purposes

• Englewood, Colo.-based media, communications and entertainment company

March 8

MODEL N INC.

• $220 million five-year convertible notes

• $33 million greenshoe

• Coupon of 1.875% to 2.375% and initial conversion premium of 30% to 35%

• Non-callable until March 20, 2026 and then subject to a 130% hurdle

• Rule 144A

• Goldman Sachs & Co. LLC, Jefferies LLC and RBC Capital Markets LLC

• Proceeds to fund the repurchase of the 2.625% notes and for general corporate purposes

• San Mateo, Calif.-based software company

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