IFR US ECM Pricings
Esperion Therapeutics (US, biotech) ─ $75m ABB. 30m shares (Primary) at $2.50 versus fixed price marketing and $3.10 last sale. PS, CANT. Wall cross.
Joby Aviation (US, EV aircraft) ─ $513.9m Block. 30.5m shares (Primary) at $16.85 versus $16.85-$17.35 marketing and $18.91 last sale. MS. Upsized from $500m.
Semtech (US, semiconductors) – $350m 5y cvt priced at 0%, up 42.5% versus 0% fixed and 37.5%-42.5% marketing. UBS, MS. Capped call to $141.82, a 100% premium. Using $220.6m of proceeds plus 3m shares of common stock to exchange for $219m of principal on 1.625% CB due 2027 and $63m plus 2.2m shares of common stock to exchange for $61.95m of 4% CB due 2028.