Convertibles Calendar

On The Horizon

ALLY FINANCIAL INC.: U.S. Treasury Department is offering tangible equity units of Ally; concurrent initial public offering of common stock; Ally will not receive proceeds from the sale; timing, talk and deal sizes weren't yet available; bookrunners Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, Barclays and Deutsche Bank Securities; shares to be listed on the NYSE under symbol ALLY; bank holding company focused on auto financing based in Detroit.

MEDIDATA SOLUTIONS INC. (Nasdaq: MDSO): $250 million of convertible senior notes due 2018; $30 million greenshoe; Rule 144A offering; convertible prior to Feb. 1, 2018 under certain circumstances, after that date otherwise; proceeds for working capital and other general corporate purposes; New York-based provider of cloud-based clinical development solutions for life sciences organizations.

MOVE INC. (Nasdaq: MOVE): $85 million of convertible senior notes due 2018; $15 million greenshoe; Rule 144A offering; callable prior to June 1, 2018 under certain circumstances, after June 1, 2018 otherwise; proceeds for general corporate purposes, possible acquisitions or strategic transactions; San Jose, Calif.-based real estate company.

PORTFOLIO RECOVERY ASSOCIATES INC. (Nasdaq: PRA): $250 million of convertible senior notes due 2020; $37.5 million greenshoe; Rule 144A offering; convertible prior to Feb. 1, 2020 under certain circumstances, after that date at any time; proceeds to pay down debt and for stock repurchases; Norfolk, Va.-based business and financial services company.

SERVICESOURCE INTERNATIONAL INC. (Nasdaq: SREV): $120 million of convertible senior notes due 2018; $20 million greenshoe; Rule 144A offering; convertible prior to Feb. 1, 2018 under certain circumstances, after that date at any time; proceeds for general corporate purposes; San Francisco-based provider of recurring revenue management contracts maintenance, support, and subscription for technology and technology-enabled health care, and life sciences companies.

SOLARCITY CORP. (Nasdaq: SCTY): $175 million of five-year convertible senior notes; registered deal; concurrent borrowed share offering; no talk or timing; to select investors in exchange for non-disclosure agreement; via Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and BofA Merrill Lynch; company is lending up to 2.8 million shares of common stock to Goldman Sachs Financial Markets LP; proceeds for general corporate purposes, including working capital, capital expenditures, potential acquisitions and strategic transactions; San Mateo, Calif., provider of clean distributed energy.

International Calendar

OLMPIQUE LYONNAIS GROUPE SA: (Paris: OLG): €80,250,200 of 10-year mandatory convertibles bonds; €100 par; Regulation S; shareholders' preferential subscription rights through Wednesday; offered to the public in France from Aug. 1-14; proceeds to finance the football and soccer club's new stadium and to refinance expenses incurred within the project; via bookrunner Societe Generale CIB and co-lead managers CM-CIC Securities and Credit Agricole CIB; maturity July 1, 2023; early redemption upon certain conditions; Lyon, France-based football and soccer club.

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