Convertibles Calendar: Coupa Software on tap

June 6

COUPA SOFTWARE:

• $500 million six-year convertible notes

• Greenshoe of $75 million

• Coupon of 0.125% to 0.625% and an initial conversion premium of 30% to 35%

• Non-callable until June 20, 2022 and then subject to a 130% hurdle with a make-whole

• Rule 144A

• Barclays, Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC

• Proceeds to cover the cost of the call spread and for general corporate purposes

• San Mateo, Calif.-based cloud platform for business spend management

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