Convertibles Calendar: $2.7 billion in the market

Sept. 7

ADVANCED ENERGY INDUSTRIES INC.

• $500 million five-year convertible notes

• $75 million greenshoe

• Coupon of 2.25% to 2.75% and initial conversion premium of 27.5% to 32.5%

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

• Rule 144A

• Citigroup Global Markets Inc., BofA Securities Inc. and Wells Fargo Securities LLC

• Proceeds to cover the cost of the hedge transactions, to repurchase up to $60 million in common stock in privately negotiated transactions, to opportunistically repay outstanding debt, to fund growth plans which may include acquisitions and for general corporate purposes

• Denver-based manufacturer of precision power conversion, measurement and control solutions for mission-critical applications

CORPORATE OFFICE PROPERTIES TRUST

• $300 million five-year exchangeable notes

• $45 million greenshoe

• Coupon of 4.75% to 5.25% and initial exchange premium of 22.5% to 27.5%

• Non-callable until Sept. 21, 2026 and then subject to a 130% hurdle

• Putable upon a fundamental change

• Rule 144A

• Wells Fargo Securities LLC

• Proceeds for general corporate purposes, which may include the redemption or repayment of debt and the pre-funding of future development investments

• Columbia, Md.-based office and data center REIT

SEAGATE HDD CAYMAN

• $1.3 billion five-year notes exchangeable for Seagate Technology Holdings plc

• $200 million greenshoe

• Coupon of 3.25% to 3.75% and initial conversion premium of 27.5% to 32.5%

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

• Rule 144A

• Morgan Stanley & Co. LLC

• Proceeds to repay existing debt, including portions of the company’s outstanding term loans and/or senior notes, and for general corporate purposes

• Dublin, Ireland-based data storage company

VISHAY INTERTECHNOLOGY INC.

• $600 million seven-year convertible notes

• $90 million greenshoe

• Fixed coupon of 2.25% and initial conversion premium of 20% to 25%

• Non-callable until Sept. 20, 2027, then subject to a 130% hurdle

• Rule 144A

• J.P. Morgan Securities LLC

• Proceeds to cover the cost of the call spread, to fund the repurchase of the 2.25% convertible notes due 2025 notes and for general corporate purposes

• Malvern, Pa.-based semiconductor manufacturer

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