Convertibles Calendar: Evergy, Merit Medical on deck

Dec. 4

EVERGY INC.

• $1.1 billion four-year convertible notes

• Coupon of 4.25% to 4.75% and initial conversion premium of 22.5% to 27.5%

• Non-callable

• Rule 144A

• Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Barclays and Morgan Stanley & Co. LLC

• Proceeds to repay the $500 million outstanding under the company’s term loan facility due 2024, to repay a portion of commercial borrowings and for general corporate purposes

• Kansas City, Mo.-based utility

Dec. 5

MERIT MEDICAL SYSTEMS INC.

• $550 million five-year convertible notes

• Coupon of 3.5% to 4% and initial conversion premium of 27.5% to 32.5%

• Non-callable for three years

• Rule 144A

• J.P. Morgan Securities LLC (lead left), Piper Sandler Co. and Wells Fargo Securities LLC

• Proceeds to cover the cost of the call spread and for general corporate purposes

• South Jordan, Utah-based medical device manufacturer

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