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Convertibles Calendar: Paratek, Ship Finance to price
April 19 (pre-open)
PARATEK PHARMACEUTICALS:
• $125 million of six-year convertible senior subordinated notes
• Greenshoe of $18.75 million
• Price talk for a fixed coupon of 4.75% and a fixed initial conversion premium of 20%
• BofA Merrill Lynch and Leerink Partners
• Pricing prior to the market open on Thursday
• Rule 144A
• Proceeds to fund clinical studies and the commercial launch of omadacycline, a tetracycline antibiotic, and for general corporate purposes
• Boston-based biopharmaceutical company focused on the development of medications using tetracycline chemistry
SHIP FINANCE INTERNATIONAL LTD.:
• $150 million of five-year convertible senior notes
• Greenshoe of $22.5 million
• Price talk for a coupon of 4.375% to 4.875% and an initial conversion premium of 27.5% to 32.5%
• Morgan Stanley & Co. LLC, Jefferies LLC and Citigroup Global Markets Inc.
• Registered offering
• Proceeds for general corporate purposes
• Hamilton, Bermuda-based limited liability company focused on investments in the maritime industry
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