Convertibles Calendar

JAN. 20 WEEK

ONEOK INC. (Symbol: OKE): $275 million of three-year mandatory convertibles; price talk of 8.25-8.75% yield, 18-22% initial conversion premium; pricing after the close Tuesday or Wednesday; via joint book-running lead managers Banc of America Securities, JPMorgan and UBS Warburg; also selling 12 million shares of common stock; proceeds to repurchase up to $250 million of Oneok's series A convertible preferred stock from Westar Energy Inc., which was issued in 1997 when Oneok bought Westar's natural gas assets, and to repay short-term debt.

http://www.sec.gov/Archives/edgar/data/1039684/000095013103000102/d424b5.htm

ON THE HORIZON

UNITED STATES STEEL CORP. (Symbol: X): up to $650 million combination of debt, including convertibles, to help pay for purchase of National Steel Corp.; of the $950 million total transaction, of which $200 million is assumed liabilities, $650 million is to be financed from securities issuance, bank borrowings and cash; the Pittsburgh steelmaker did not disclose how it would be broken down; the purchase is expected to close during second quarter.

RECENT SHELF FILINGS

CINERGY CORP. (Symbol: CIN): $750 million shelf filed Jan. 15 for common stock, preferred stock, stock purchase contracts, stock purchase units, debt securities and trust preferreds; securities may be sold as convertibles; Cincinnati, Ohio utility holding company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/899652/000104746903001410/a2100388zs-3.htm

SAFECO CORP. (Symbol: SAFC): $775 million shelf filed Dec. 31 for common stock, preferred stock, convertible preferred stock, debt securities, convertible debt securities, stock purchase contracts, stock purchase units; includes some securities previously registered but unsold; Seattle insurance company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/86104/000089102002002089/0000891020-02-002089-index.htm

TEEKAY SHIPPING CORP. (Symbol: TK): $500 million shelf filed Jan. 17 for common stock, preferred stock, warrants, stock purchase contracts, stock purchase units and debt securities; securities may be issued as convertibles; Nassau, Bahamas oil and petroleum transportation company will use proceeds to finance acquisitions and for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/911971/000113031903000049/o08564fv3.htm#005

© 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.