E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/23/2005 in the Prospect News Convertibles Daily.

Convertibles Calendar

June 20 week

WINDROSE MEDICAL PROPERTIES TRUST (Symbol: WRS) $50 million off-the-shelf perpetual cumulative convertible preferred shares to price June 24; shares par $25; callable after five years; placement agent Cohen & Steers Advisors LLC; proceeds to be used for repayment of debt under syndicated line of credit, for general corporate purposes and to fund future acquisitions.

EVERGREEN SOLAR INC. (Symbol: ESLR) $75 million of convertible subordinated notes due 2012, with a $15 million greenshoe; to price June 23; price talk is at 3.875% to 4.375%, with an initial conversion premium of 20% to 25%; SG Cowen & Co is the bookrunner; net proceeds for general corporate purposes, acquisitions and working capital.

June 27 week

CV THERAPEUTICS INC. (Symbol: CVTX) $100 million of convertible senior subordinated notes due 2013, with $12.5 million greenshoe; to price June 28; price talk is for a coupon of 3.25% to 3.75%, with an initial conversion premium of 20% to 25%; non-callable for five years, with no puts; bookrunners Lehman Brothers and Merrill Lynch & Co, with Citigroup and Deutsche Bank Securities acting as co-managers; proceeds are intended to repurchase some or all of the $79.6 million 4.75% convertible subordinated notes due 2007, to fund a three-year escrow account for interest payments 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.