Convertibles Calendar: Winnebago on deck

Jan. 18

WINNEBAGO INDUSTRIES INC.

• $300 million six-year convertible notes

• $45 million greenshoe

• Coupon of 3% to 3.5% and initial conversion premium of 27.5% to 32.5%

• Non-callable until Jan. 15, 2028 and then subject to a 130% hurdle

• Rule 144A

• Goldman Sachs & Co. LLC and BMO Capital Markets Corp.

• Proceeds to cover the cost of the call spread, to repurchase a portion of the company’s 1.5% convertible notes due 2025 in privately negotiated transactions and for general corporate purposes

• Eden Prairie, Minn.-based RV manufacturer

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