IFR US ECM PRICINGS
Evolent Health (US, healthcare services) ─ $145m 6y cvt priced at 4.5%, up 50% versus 4.5% fixed and 50% fixed marketing. OPCO. Upsized from $140m. Concurrent $40m share repurchase (4.43m shares). Wall cross.
iBio (US, biotech) ─ $50m ABB. 71.5m shares (Primary) at $0.699 versus $0.74 last sale. LSCI, OPCO. Structured as unit of prefunded warrants and additional warrants exercisable at the offer price.
Terawulf (US, high-performance computing) ─ $850m 6y cvt priced at 1%, up 32.5% versus 1%-1.5% and 27.5%-32.5% marketing. MS, CANT. Upsized from $400m. Capped call to $18.76, a 100% premium.