Convertibles Calendar: Pacira BioSciences on tap

July 7 (post-close)

PACIRA BIOSCIENCES INC.:

• $300 million five-year convertible notes

• Greenshoe of $45 million

• Coupon of 0.75% to 1.25% and initial conversion premium of 30% to 35%

• Rule 144A

• J.P. Morgan Securities LLC, Jefferies LLC, RBC Capital Markets Corp. and Piper Sandler Co.

• Non-callable for three years then subject to a 130% hurdle

• Proceeds to repurchase a portion of the company’s 2.375% convertible notes due 2022 in privately negotiated transactions and for general corporate purposes

• Parsippany, N.J.-based pharmaceutical company

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