Convertibles Calendar

SEPT. 2 WEEK:

OPENWAVE SYSTEMS INC. (Symbol: OPWV): Rule 144A; $100 million of 5-year convertible notes with $15 million greenshoe; price talk of 2.75-3.25% yield, 20-25% initial conversion premium; noncallable for 3 years and with a 150% hurdle thereafter; full dividend protection; first 6 coupon payments collateralized with U.S. Treasuries; proceeds, after purchasing the Treasury strips, for working capital and other general corporate purposes, including acquisitions; via sold lead manager Merrill Lynch; set to price after the close Thursday.

SEPT. 8 WEEK:

NII HOLDINGS INC. (Symbol: NIHD): Rule 144A; $100 million of 30-year convertible notes, with $20 million greenshoe; non-callable for 5 years, with puts in years 7, 10, 15, 20 and 25; 110% contingent conversion; set to price after the close Sept. 10; via bookrunner Morgan Stanley; NII plans to use proceeds primarily to pay down outstanding debt under its equipment financing facilities.

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:

DELPHI CORP. (Symbol: DPH): $1.5 billion million shelf filed Sept. 3 for debt securities, common stock, preferred stock, depositary shares, warrants, purchase contracts, units and trust preferreds; securities may be issued as convertibles; Troy, Mich. auto parts maker will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1072342/000095012403002924/k78808sv3.htm

DUKE ENERGY CORP. (Symbol: DUK): $2 billion shelf filed Aug. 29 for senior notes, junior subordinated notes, first and refunding mortgage bonds, common stock, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; includes $530 million previously registered but unsold; Charlotte, N.C. energy company will use proceeds for to redeem or purchase outstanding securities, to repay maturing securities, to finance its ongoing construction program and for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/30371/000095012303009976/y87103sv3.txt

FISHER SCIENTIFIC INTERNATIONAL INC. (Symbol: FSH): $750 million shelf filed Sept. 3 for debt securities, common stock, preferred stock, warrants, depositary shares, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Hampton, N.H. provider of scientific and laboratory products and services will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/880430/000095012303010021/l02227sv3.htm

HARRIS CORP. (Symbol: HRS): $500 million shelf filed Sept. 3 for debt securities, preferred stock, common stock, depositary shares and warrants; securities may be issued as convertibles; Melbourne, Fla. communications equipment company will use proceeds for repayment or refinancing of debt, capital expenditures, working capital, acquisitions and general corporate purposes.

http://www.sec.gov/Archives/edgar/data/202058/000095015203008045/l98139asv3.htm

RYDER SYSTEM, INC. (Symbol: R): $800 million shelf filed Aug. 29 for debt securities, preferred stock, depositary shares, common stock, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Miami transportation company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/85961/000095014403010498/g84755sv3.htm

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