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Convertibles Calendar: Model N, SVB Financial on tap
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
March 9
SVB FINANCIAL GROUP
$500 million $50-par par three-year depositary shares representing a 1/20th interest in the companys $1,000-par series F mandatory convertible preferred stock
$75 million greenshoe
Dividend of 6% to 6.5% and threshold appreciation premium of 20% to 25%
Registered
Goldman Sachs & Co. LLC and SVB Securities
Proceeds for general corporate purposes
Santa Clara, Calif.-based financial services company
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