Convertibles Calendar: Rapid7, Liberty Media, CSG on tap

Sept. 5

RAPID7 INC.

• $250 million long five-year convertible notes

• $37.5 million greenshoe

• Tightened talk for coupon of 1.25% to 1.5% and initial conversion premium of 32.5%; initial talk for coupon of 1.25% to 1.75% and initial conversion premium of 27.5% to 32.5%

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

• Rule 144A

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

• Proceeds to cover the cost of the call spread and fund privately negotiated repurchases of its 2.25% notes

• Boston-based cybersecurity company

Sept. 6

LIBERTY MEDIA CORP.

• $900 million senior debentures due 2053 exchangeable for Live Nation Entertainment stock

• $135 million greenshoe

• Coupon of 2% to 2.5% and initial exchange premium of 30% to 35%

• Non-callable for five years

• Putable in five years

• Rule 144A

• J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.

• Proceeds, together with cash on hand, to make repurchases of Liberty Media’s 0.5% exchangeable debentures due 2050 in privately negotiated transactions or to settle exchanges or redeem the notes

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

CSG SYSTEMS INTERNATIONAL INC.

• $350 million five-year convertible notes

• $52.5 million greenshoe

• Coupon of 3.875% to 4.375% and initial conversion premium of 27.5% to 32.5%

• Non-callable until Sept. 15, 2028, then subject to a 130% hurdle

• Rule 144A

• Jefferies LLC, Wells Fargo Securities LLC and RBC Capital Markets LLC

• Proceeds to cover the cost of the call spread, to repurchase up to $100 million shares of common stock in privately negotiated transactions, to $15 million in cash to its balance sheet and for general corporate purposes

• Denver-based financial technology company

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