Convertibles Calendar

JUNE 21 WEEK

PER-SE TECHNOLOGIES INC. (Symbol: PSTI): $100 million of 20-year convertible subordinated notes, with $25 million greenshoe; price talk of 3.0% to 3.5% yield, 38% to 43% initial conversion premium; non-callable for 5 years, with puts in years 5, 10 and 15; 130% contingent conversion trigger; $25 million of proceeds to buyback stock sold short by note buyers, then with cash on hand plus funds available on its bank revolver to retire $118.8 million term loan B; via bookrunner Banc of America Securities; Rule 144A; slated to price after the close Thursday.

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:

BOSTON PROPERTIES, INC. (Symbol: BXP): $1 billion shelf filed June 17 for common stock, preferred stock, depositary shares and warrants; securities may be issued as convertibles; includes $389.7 million previously registered but unsold; Boston office real estate investment trust will use proceeds for general corporate purposes.

CAPSTEAD MORTGAGE CORP. (Symbol: CMO): $24.97 million shelf filed June 22 for common stock and $1.3 million of $1.26 cumulative convertible preferred stock; Dallas real estate investment trust will use proceeds for general corporate purposes.

EDWARDS LIFESCIENCES CORP. (Symbol: EW): $500 million shelf filed June 18 for debt securities, preferred stock, common stock, depositary shares, warrants, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Irvine, Calif. provider of products and technologies designed to treat advanced cardiovascular disease will use proceeds for general corporate purposes.

RC2 CORP. (Symbol: RCRC): $150 million shelf filed June 18 for common stock and subordinated debt; debt may be issued as convertibles; Oak Brook, Ill. maker of collectibles and toys will use proceeds for general corporate purposes.

UNITED COMMUNITY BANKS, INC. (Symbol: UCBI): $150 million shelf filed June 18 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; Blairsville, Ga. bank holding company will use proceeds for general corporate purposes.

VALERO ENERGY CORP. (Symbol: VLO): $3.5 billion shelf filed June 21 for senior debt securities, subordinated debt securities, common stock, preferred stock, warrants and trust preferreds; securities may be issued as convertibles; includes $100 million previously registered but unsold; San Antonio, Tex. oil refiner will use proceeds for general corporate purposes.

WEATHERFORD INTERNATIONAL LTD. (Symbol: WFT): $750 million shelf filed June 18 for debt securities, preference shares, common shares, warrants and units; securities may be issued as convertibles; includes $100 million previously registered but unsold; Houston provider of drilling equipment and services will use proceeds for acquisitions, to refinance debt and for general corporate purposes.

© 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.