Convertibles Calendar

JUNE 1 WEEK

BEAZER HOMES USA INC. (Symbol: BZH): 144A; $150 million of 20-year convertible senior notes, with $30 million greenshoe; price talk for 4.375% to 4.875% coupon, 53% to 58% initial conversion premium; non-callable for 5 years, with puts in years 7, 10 and 15; 120% contingent conversion trigger; Atlanta-based homebuilder to use proceeds for land acquisitions and stock repurchases under existing stock buyback program; via bookrunner Citigroup Global Markets Inc.; set to price after the 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.

RECENT SHELF FILINGS WITH THE SEC:

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.

KOGER EQUITY, INC. (Symbol: KE): $500 million shelf filed June 1 for common stock, preferred stock and debt securities; securities may be issued as convertibles; includes $28.6 million previously registered but unsold; Boca Raton, Fla. office real estate investment trust will use proceeds for general corporate purposes.

NVR, INC. (Symbol: NVR): $1 billion shelf filed May 27 for debt securities, common shares, preferred shares, depositary shares and warrants; securities may be issued as convertibles; McLean, Va. homebuilder and mortgage banker will use proceeds for general corporate purposes.

RECKSON ASSOCIATES REALTY CORP. (Symbol: RA): $750 million shelf filed for debt securities May 28 plus $594.3 million of common stock, warrants, preferred stock and depositary shares previously registered and unsold carried forward; securities may be sold as convertibles; Melville, N.Y. office real estate investment trust will use proceeds for general corporate purposes.

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