Convertibles Calendar: Integrated Device to price $325 million convertibles

October 29

INTEGRATED DEVICE TECHNOLOGY INC.:

• $325 million convertible senior notes

• $48.75 million greenshoe

• Talked 0.625%-1.125%, up 35%-40%

• Maturity 2022

• Rule 144A

• Bookrunners J.P. Morgan Securities LLC and BofA Merrill Lynch

• Non-callable for life

• No puts

• Net share settlement

• Contingent conversion

• Call spread

• Takeover protection

• Proceeds for share repurchases, to pay the net cost of the call spread and for general corporate purposes

• San Jose, Calif. -based communications semiconductor company

• Nasdaq: IDTI

On The Horizon

ZION OIL & GAS INC.:

• Up to $72 million of five-year convertible bonds

• Maturity Feb. 15, 2021

• Par $100

• Talked to yield 10%, up 30%

• Issuance seen in February

• Non-callable for two years

• Takeover protection

• Holders of 100 shares entitled to one right for two bonds until Jan. 15, 2016

• Proceeds to drill two initial wells in Israel, for production testing, for additional exploration and for general corporate purposes

• Dallas-based oil and gas exploration and production company focused on Israel

• Nasdaq: ZN

BLACK HILLS CORP.:

• Up to $575 million to $675 million of equity and equity-linked debt

• Part of a package of financing for its acquisition of SourceGas Holdings LLC

• Acquisition expected to close first half 2016

• Rapid City, S.D.-based integrated energy company

• NYSE: BKH

International Calendar

On The Horizon

CREALOGIX HOLDING AG:

• Up to CHF 25 million of four-year convertible bonds

• Par CHF 5,000

• Talked to yield 2.25%-2.75%, up 22%-28%

• Final terms seen Oct. 30, issuance seen Nov. 6

• Subscription rights: holders of 214 shares entitled to one right for one bonds

• Neue Helvetische Bank AG is acting as lead manager

• Proceeds to finance the acquisition and integration of 80% of Elaxy Financial Software & Solutions and 20% of Elaxy Business Solution & Services as well as for general funding purposes

• Zurich-based Crealogix is a financial technology software company

• SWX: CLXN

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