New Issue: Documentum upsized $125 million convertibles at 4.5% yield, up 22%

By Ronda Fears

Nashville, Tenn., April 2 - Documentum Inc. sold an upsized $125 million of five-year convertible senior notes at par to yield 4.5% with a 22% initial conversion premium, via sole lead manager UBS Warburg. The overnight Rule 144A deal, which was increased from $100 million, sold at the cheap end of yield talk and the midpoint of premium guidance.

The Pleasanton, Calif.-based enterprise content management provider plans to use proceeds for general corporate purposes, including working capital and possible future acquisitions.

Terms of the new deal are:

Issuer: Documentum Inc.

Amount: $125 million, up from $100 million

Greenshoe: $18.75 million, up from $15 million

Lead Manager: UBS Warburg

Maturity Date: April 1, 2007

Coupon: 4.5%

Issue Price: par

Yield: 4.5%

Conversion Premium: 22%

Conversion Price: $30.00

Conversion Ratio: 33.333

Call: non-callable for three years

Settlement Date: April 5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.