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Convertibles Calendar: Array BioPharma to price $100 million of convertibles
JUNE 4
ARRAY BIOPHARMA INC. (Nasdaq: ARRY): $100 million of seven-year convertible senior notes; pricing after the market close Tuesday; talked to yield 3%-3.5%, up 27.5%-32.5%; registered, off the shelf; $15 million greenshoe; joint bookrunning managers Goldman Sachs & Co. and J.P. Morgan Securities LLC; non-callable for four years, then provisionally callable at 130%, with a make-whole premium based on its fundamental change make-whole table; no puts; takeover and dividend protection; proceeds to repay outstanding secured debt, with remaining proceeds for general corporate purposes; Boulder, Colo.-based biopharmaceutical company.
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