Convertibles Calendar

MAY 24 WEEK

CSG SYSTEMS INTERNATIONAL INC. (Symbol: CSGS): $200 million of 20-year senior subordinated notes, with $30 million greenshoe; price talk for 2.25% to 2.75% yield, 43% to 47% initial conversion premium; non-callable for 7 years, with a put in year 7; 130% contingent conversion trigger, 120% contingent payment trigger; Englewood, Colo.-based provider of next-generation billing and customer services for the cable television, satellite, advanced Internet protocol services, next-generation mobile and fixed wireline markets, to use up to $40 million of proceeds to buyback stock and the remainder plus some cash on hand to repay debt; via sole bookrunner Lehman Brothers; Rule 144A; slated to price after the close Wednesday.

DIGITAL RIVER INC. (Symbol: DRIV): $175 million 20-year convertible notes; price talk of 0.75% to 1.25% yield, 33% to 38% initial conversion premium; non-callable for three years, then with a 150% trigger in years three through five; puts in years five, 10 and 15; 130% contingent conversion trigger; via bookrunner Credit Suisse First Boston; Eden Prairie, Minn. electronic-commerce outsourcing company will use proceeds to repay revolving credit facility borrowings and for general corporate purposes; pricing after the close Wednesday.

WILD OATS MARKETS INC. (Symbol: OATS): $100 million of 30-year convertible senior debentures, with $15 million greenshoe; price talk of 2.75% to 3.25% yield, 40% to 45% initial conversion premium; non-callable for 7 years, with puts in years 7, 10 and 20; via joint bookrunners JPMorgan Securities and Banc of America Securities; Rule 144A; Boulder, Colo.-based health food grocer plans to use proceeds to accelerate its growth plans and for general corporate purposes, which may include allocating up to 25% of proceeds to purchase stock either concurrent with the offering or otherwise; set to price after the close Tuesday.

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.

RECENT SHELF FILINGS WITH THE SEC:

EDGE PETROLEUM CORP. (Symbol: EPEX): $150 million shelf filed May 20 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Houston oil and gas exploration and production company will use proceeds for general corporate purposes.

GUILFORD PHARMACEUTICALS INC. (Symbol: GLFD): $100 million shelf filed May 20 for debt securities, common stock and preferred stock; securities may be issued as convertibles; Baltimore pharmaceutical company will use proceeds for general corporate purposes.

ISLE OF CAPRI CASINOS, INC. (Symbol: ISLE): $300 million shelf filed May 24 for debt securities, preferred stock, common stock and purchase rights; securities may be issued as convertibles; Biloxi, Miss. gaming company will use proceeds for general corporate purposes.

LUBRIZOL CORP. (Symbol: LZ): $2 billion shelf filed May 20 for debt securities and common shares; debt may be issued as convertibles; Wickliffe, Ohio fluid technology company will use proceeds to repay debt, including debt that incurred or assumed in connection with the acquisition of Noveon.

MARTEK BIOSCIENCES CORP. (Symbol: MATK): $200 million shelf filed May 21 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Columbia, Md. developer of microalgae products will use proceeds for general corporate purposes.

PUBLIC STORAGE, INC. (Symbol: PSA): $600 million shelf filed May 20 for debt securities, common stock, preferred stock, depositary shares, equity stock and warrants; securities may be issued as convertibles; Glendale, Calif. self-storage real estate investment trust will use proceeds for investments in storage facilities and general corporate purposes.

UNITED DOMINION REALTY TRUST, INC. (Symbol: UDR): $1.5 billion shelf filed May 20 for debt securities, common stock and preferred stock; securities may be issued as convertibles; includes $333.1 million previously registered but unsold; Highlands Ranch, Colo. apartment real estate investment trust will use proceeds for general corporate purposes.

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