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Published on 4/18/2018 in the Prospect News Convertibles Daily.

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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