Convertibles Calendar

JUNE 14 WEEK

ADVANCED MEDICAL OPTICS INC. (Symbol: AVO): Rule 144A; $275 million of 20-year convertible senior subordinated notes, with $55 million greenshoe; price talk for 2.5% to 3.0% coupon, 40% to 45% initial conversion premium; noncallable for 5.6 years; puts in years 5.6, 10, 15; 130% contingent conversion trigger; 120% contingent payment trigger; full dividend protection; cash takeover protection; Santa Ana, Calif. maker of ophthalmic surgical and contact lens care products to use up to $84 million to repurchase up to $70 million of its outstanding 9.25% senior subordinated notes due 2010 and make related consent payment; proceeds also earmarked to fund a portion of the $450 million cash purchase price of the ophthalmic surgical business of Pfizer Inc., and general corporate purposes; via joint bookrunners Lehman Brothers, Banc of America Securities and Morgan Stanley & Co. Inc.; slated to price after the market close Wednesday.

KELLWOOD CO. (Symbol: KWD): Rule 144A; $180 million of 30-year convertible senior notes with $20 million greenshoe; price talk for a 3.125% to 3.625% coupon, 30% to 35% initial conversion premium; noncallable for 7 years, with puts in years 7, 10, 15, 10, 25; 130% contingent conversion trigger; 130% contingent payment trigger; full dividend protection; St. Louis-based apparel and fashion accessories maker to use proceeds for general corporate purposes, including acquisitions, and to pay $4.7 million under its 6.9% notes due Sept. 1, 2005; via sole bookrunner JPMorgan Securities Inc.; slated to price after the market close Wednesday.

QUADRAMED CORP. (SYMBOL: QMDC): Rule 144A; up to $94 million of convertible preferreds, with proceeds to redeem its 5.25% convertible debentures due 2005 and 10% senior secured notes due 2008; price talk expected Monday; via joint lead managers JGiordano Securities Group and Philadelphia Brokerage Corp.; scheduled to price after the market 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:

AMERICAN RETIREMENT CORP. (Symbol: ACR): $250 million shelf filed June 9 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; Brentwood, Tenn. operator of senior living communities will use proceeds to fund acquisitions, for capital expenditures, to repay debt and for general corporate purposes.

BANK OF NEW YORK CO., INC. (Symbol: BK): $2 billion shelf filed June 14 for debt securities, preferred stock, common stock, depositary shares, equity purchase contracts, equity purchase units, warrants and trust preferreds; securities may be issued as convertibles; New York bank holding company will use proceeds for general corporate purposes.

BRIGHAM EXPLORATION CO. (Symbol: BEXP): $200 million shelf filed June 9 for debt securities, common stock, preferred stock, depositary shares and warrants; securities may be issued as convertibles; Austin, Tex. exploration and production company will use proceeds for general corporate purposes.

ENDURANCE SPECIALTY HOLDINGS LTD. (Symbol: ENH): $500 million shelf filed June 15 for debt securities, preference shares, ordinary shares, depositary shares, warrants, contracts to purchase shares or stock purchase units; securities may be issued as convertibles; Pembroke, Bermuda specialty property and casualty insurer and reinsurer will use proceeds for general corporate purposes.

FPIC INSURANCE GROUP, INC. (Symbol: FPIC): $100 million shelf filed June 15 for common stock, preferred stock, depositary shares, debt securities, warrants, purchase contracts and units; securities may be issued as convertibles; Jacksonville, Fla. medical professional liability insurer will use proceeds for general corporate purposes.

HUGHES SUPPLY, INC. (Symbol: HUG): $700 million shelf filed June 14 for debt securities, shares of common stock, warrants, stock purchase contracts and units; securities may be issued as convertibles; includes $67.1 million previously registered but unsold; Orlando, Fla. wholesale distributor of construction, repair and maintenance-related products will use proceeds for acquisitions, repayment of debt, capital expenditures, working capital and other general corporate purposes.

PPL CORP. (Symbol: PPL): $500 million shelf filed June 15 for common stock, preferred stock, stock purchase contracts, stock purchase units, debt securities and trust preferred securities; securities may be issued as convertibles; includes $21.9 million previously registered but unsold; Allentown, Pa. energy and utility holding company will use proceeds for general corporate purposes.

VIASAT, INC. (Symbol: VSAT): $200 million shelf filed June 14 for debt securities, preferred stock, depositary shares, common stock and warrants; securities may be issued as convertibles; includes $46 million previously registered but unsold; Carlsbad, Calif. provider of broadband digital satellite communications and other wireless networking and signal processing equipment will use proceeds for general corporate purposes.

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