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Convertibles Calendar: PG&E, Weibo on deck
Nov. 29
PG&E CORP.
$1.5 billion four-year secured convertible notes
$225 million greenshoe
Coupon of 4.25% to 4.75% and an initial conversion premium of 30% to 35%
Non-callable
Rule 144A
J.P. Morgan Securities LLC (lead left), Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
Proceeds to repay a portion of the companys outstanding $2.66 billion secured term loan maturing on June 23, 2025, which carries a floating interest rate that is currently 8.44%
Oakland, Calif-based utility company
WEIBO CORP.
$300 million seven-year convertible notes
$30 million greenshoe
Coupon of 1.125% to 1.625% and an initial conversion premium of 32.5% to 37.5%
Callable if 10% or less of the principal amount remains outstanding or upon a tax event
Putable on Dec. 6, 2027
Rule 144A
Goldman Sachs & Co. LLC
Proceeds to refinance a portion of the companys 3.5% senior notes due 2024
Beijing-based social media platform
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