Convertibles Calendar

JAN. 19 WEEK:

KOMAG INC. (Symbol: KOMG): $70 million of 20-year convertible notes, with $10.5 million greenshoe, and 6 million shares of common stock; price talk of 2.5%-3.0% coupon, 28-32% initial conversion premium; noncallable for 3 years with puts in years 7, 10 and 15; via bookrunner Bear Stearns & Co. Inc.; joint lead manager is U.S. Bancorp Piper Jaffray Inc.; co-managers are Needham & Co. Inc. and Thomas Weisel Partners LLC; proceeds to redeem $114 million outstanding senior secured notes due 2007, and general corporate purposes; pricing is slated after the market close Wednesday.

ON THE HORIZON

ADVANCED SEMICONDUCTOR ENGINEERING INC.: (Symbol: ASX): $135 million of five-year convertible notes, with a $15 million greenshoe; via lead manager Goldman Sachs International; the Taiwanese semiconductor testing firm also plans to sell 60 million American Depositary Shares, which will each represent five ordinary shares with a par value of NT$10 each; timing will be as soon as the registration statement at the Securities and Exchange Commission becomes effective.

http://www.sec.gov/Archives/edgar/data/1122411/000119312503094347/df3.htm

GOODYEAR TIRE & RUBBER CO. (Symbol: GT): at least $250 million of debt securities and at least $75 million of equity or equity-linked securities by Dec. 31, plus refinance its term loan and revolving credit facilities due April 2005 by Dec. 1, 2004; per a new master contract with the United Steelworkers of America.

XL CAPITAL LTD.: (Symbol: XL): at least $750 million, mostly mandatory convertibles, in the first half of 2004.

RECENT SHELF FILINGS WITH THE SEC:

AIR PRODUCTS AND CHEMICALS, INC. (Symbol: APD): $1 billion shelf filed Jan. 9 for debt securities, preferred stock, depositary shares, common stock and warrants; securities may be issued as convertibles; Allentown, Pa. industrial gas and equipment company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/2969/000095012304000199/y93014sv3.txt

ATRIX LABORATORIES, INC. (Symbol: ATRX): $150 million shelf filed Jan. 16 for common stock, preferred stock and debt securities; securities may be issued as convertibles; Fort Collins, Colo. specialty pharmaceutical company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/809875/000103570404000030/d11903sv3.htm

LTX CORP. (Symbol: LTXX): $250 million shelf filed Jan. 13 for common stock, debt securities and warrants; securities may be issued as convertibles; Westwood, Mass. semiconductor test company will use proceeds for working capital and general corporate purposes.

http://www.sec.gov/Archives/edgar/data/357020/000119312504003461/ds3.htm

OVERSEAS SHIPHOLDING GROUP, INC. (Symbol: OSG): $500 million shelf filed Jan. 13 for common stock and debt securities; securities may be issued as convertibles; New York bulk shipping company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/75208/000095015704000033/s-3.txt

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.