** Family safety app Life360's LIF.O shares fall 2.9% to $61.70 premarket
** LIF announces intention to offer $250 million worth of convertible bonds due 2030 in a private offering
** Bonds will accrue interest payable semi-annually in arrears
** LIF plans to use the proceeds for capped call transactions and other purposes, which may include acquisitions and investments
** Capped calls are derivative transactions employed to offset share dilution
** Co has 76.5 million outstanding shares for $4.86 billion market cap, per LSEG data
** All 6 brokerages covering the stock rate "buy" or higher; median PT $56 - data compiled by LSEG
** As of last close, LIF stock up 54% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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