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Convertibles Calendar: PagerDuty on deck
Oct. 10
PAGERDUTY INC.
• $350 million five-year convertible notes
• $52.5 million greenshoe
• 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
• J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and BofA Securities Inc.
• Proceeds to fund the cost of the call spread, repurchase a portion of its 1.25% convertible notes due 2025 for cash, and for general corporate purposes, which may include acquisitions and strategic transactions
• San Francisco-based cloud computing company
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