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 3/31/2003 in the Prospect News Convertibles Daily.

Convertibles Calendar

MARCH 31 WEEK

ALLIED WASTE INDUSTRIES INC. (Symbol: AW): $300 million of mandatory convertible preferrreds with $45 million greenshoe; price talk of 6.25-6.75% yield, 18-22% initial conversion premium; three-year issue will be callable with 150% threshold, but includes make-whole for dividends if called early; dividends payable is cash, stock, or combination; part of Scottsdale, Ariz. waste management company's refinancing package, which also includes $3 billion of bank facilities, $300 million of high-yield notes, $100million of common stock, $150 million of accounts receivables securitization and $300 million of divestitures; convertible bookrunning lead managers are Deutsche Bank Securities, Salomon Smith Barney and UBS Warburg; pricing slated for after market close Thursday.

http://www.sec.gov/Archives/edgar/data/848865/000095015303000589/p67484b3e424b3.htm

RECENT SHELF FILINGS

BECTON, DICKINSON & CO. (Symbol: BDX): $750 million shelf filed March 25 for debt securities, common stock, warrants, purchase contracts and units; includes $100 million previously registered but unsold; securities may be issued as convertibles; Franklin Lakes, N.J. medical technology company will use proceeds to repay debt, for capital expenditures and for working capital.

http://www.sec.gov/Archives/edgar/data/10795/000095010303000764/mar2103_s3.htm

STANDARD PACIFIC CORP. (Symbol: SPF): $550 million shelf filed March 26 for debt, preferred stock, common stock and warrants; includes 1.5 million shares to be offered by selling stockholder; securities may be issued as convertibles; Irvine, Calif. homebuilder will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/878560/000101706203000519/ds3.htm

UNIT CORP. (Symbol: UNT): $250 million shelf filed March 31 for debt securities, preferred stock, common stock, warrants, purchase contracts and units; securities may be issued as convertibles; includes $43 million previously registered but unsold; Tulsa, Okla. independent energy company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/798949/000079894903000046/forms3shelf.txt


© 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.