Convertibles Calendar: Web.com plans offering of five-year notes

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 Inc.; shares to be listed on the NYSE under symbol ALLY; bank holding company focused on auto financing based in Detroit.

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.

WEB.COM GROUP INC.: $225 million of senior convertible notes due 2018; $33.75 million greenshoe; payable semiannually; Wells Fargo Securities LLC and Deutsche Bank Securities Inc. (joint); proceeds to pay down debt; Jacksonville, Fla.-based internet services provider to small businesses.

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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