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Published on 9/11/2023 in the Prospect News Convertibles Daily.

Convertibles Calendar: Amphastar Pharmaceuticals on deck

Sept. 12

AMPHASTAR PHARMACEUTICALS INC.

• $300 million long five-year convertible notes

• $45 million greenshoe

• Coupon of 1.5% to 2% and initial conversion premium of 30% to 35%

• Rule 144A

• Jefferies LLC (lead left), BofA Securities Inc., Wells Fargo Securities LLC and J.P. Morgan Securities LLC

• Approximately $200 million of proceeds to repay borrowings under its term loan, $50 million to repurchase common stock in privately negotiated transactions and general corporate purposes

• Rancho Cucamonga, Calif.-based specialty pharmaceutical company


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