Convertibles Calendar

AUG. 4 WEEK:

ARTESYN TECHNOLOGIES INC. (Symbol: ATSN): Rule 144A; $75 million of 7-year convertible notes, noncallable for 5 years, with $22.5 million greenshoe; price talk of 4.75-5.25% yield, 28-32% initial conversion premium; via lead manager Lehman Brothers; set to price after the close Thursday; proceeds to repay $50 million subordinated convertible note, working capital and general corporate purposes.

LOCKHEED MARTIN CORP. (Symbol: LMT): Rule 144A; $850 million of 30-year cash-to-zero convertible floating rate senior unsecured notes; talked to yield 3-month Libor minus 45-90 bps, 52.5-57.5% initial conversion premium; pays cash coupon for 5 years, then accretes; noncallable for 5 years, with a put in year 5; contingent conversion 130%; contingent interest 120%; dividend protection via conversion ratio adjustment; $150 million greenshoe; joint bookrunners Goldman Sachs, Citigroup, and JPMorgan; slated to price after the market close Thursday.

PTEK HOLDINGS INC. (Symbol: PTEK): Rule 144A; $75 million of 5-year convertible subordinated notes with provisional call threshold of 150% for life; talked to yield 4.5-5.0%, 32.5-37.5% initial conversion premium; $10 million greenshoe; via bookrunner CIBC World Markets; slated to price after the market close Thursday; proceeds to repurchase or redeem existing 5.75% convertible notes due July 2004.

ON THE HORIZON:

THE PMI GROUP INC. (Symbol: PMI): $207 million of equity-linked units and $100 million of common stock from a shelf registration to to fund a portion of its part of the purchase of Financial Guaranty Insurance Co. from General Electric Co.

RECENT SHELF FILINGS WITH THE SEC:

AMGEN INC. (Symbol: AMGN): $1 billion shelf filed Aug. 4 for debt securities, common stock, preferred stock, warrants, securities purchase contracts, securities purchase units and depositary shares; securities may be issued as convertibles; Thousand Oaks, Calif. biotechnology company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/318154/000104746903026118/a2115639zs-3.htm

DENBURY RESOURCES INC. (Symbol: DNR): $150 million shelf filed Aug. 5 for debt securities, common stock, preferred stock, depositary shares and warrants; securities may be issued as convertibles; includes $97 million previously registered but unsold; also $200 million of stock to be sold by selling shareholders; Plano, Tex. oil and gas company will use proceeds to repay bank debt and for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/945764/000089907803000424/denburys3703.txt

EMPIRE DISTRICT ELECTRIC CO. (Symbol: EDE): $200 million shelf filed Aug. 5 for unsecured debt securities, first mortgage bonds, common stock and preference stock; securities may be issued as convertibles; Joplin, Mo. electric utility.

http://www.sec.gov/Archives/edgar/data/32689/000095016203001092/empires3080503.txt

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