Convertibles Calendar

MAY 19 WEEK

AMERUS GROUP CO. (Symbol: AMH): $100 million of 3.25-year mandatory convertibles, non-callable, with $15 million greenshoe; price talk of 6.0-6.5% dividend, 26-30% initial conversion premium; via joint lead managers Merrill Lynch & Co. and Goldman Sachs & Co.; set to price after the close Wednesday; expected ratings of Baa3/BBB+.

REGAL ENTERTAINMENT GROUP (Symbol: RGC): Rule 144A; $125 million of five-year non-callable convertible senior notes, with $25 million greenshoe; price talk of 3.75-4.25% coupon, 25-30% initial conversion premium; contingent conversion trigger of 110% for the first four years; rated B by S&P; via lead manager Credit Suisse First Boston; scheduled to price Thursday; proceeds, along with about $190 million in cash and a small revolving credit drawdown, will be used to fund a $600 million to $625 million special dividend to the Regal Entertainment shareholders.

WILSON GREATBATCH TECHNOLOGIES INC. (Symbol: GB): Rule 144A; $125 million of 10-year convertible subordinated debentures, with $25 million greenshoe; price talk of 2.0-2.5% yield, 27.5-32.5% initial conversion premium; via lead manager Morgan Stanley; set to price before the market open Thursday; non-callable for 7 years, with a put in year 7; contingent conversion contingent payment trigger of 120%; proceeds to be used to permanently repay outstanding senior credit facility and general corporate purposes.

ON THE HORIZON

VALERO ENERGY CORP. (Symbol: VLO): $250 million of three-year mandatory convertibles; with $250 million cash, proceeds would go to purchase a Louisiana refinery from Orion Refining Corp., which has filed bankruptcy; timing depends on court approval of the sale.

RECENT SHELF FILINGS

GOLDMAN SACHS GROUP, INC. (Symbol: GS): $25 billion shelf filed May 15 for debt securities, warrants, purchase contracts, units, preferred stock and depositary shares; securities may be issued as convertibles; includes $8.185 billion previously registered but unsold; New York investment bank, securities and investment management firm will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/886982/000095012303005994/y85725asv3.txt

NEW YORK COMMUNITY BANCORP, INC. (Symbol: NYB): $600 million shelf filed May 16 for debt securities, common stock, preferred stock, warrants, depositary shares, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; Westbury, N.Y. bank will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/910073/000102140803008004/ds3.htm

NORTHERN TRUST CORP. (Symbol: NTRS): $500 million shelf filed May 20 for debt securities, common stock, preferred stock, warrants, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; Chicago bank holding company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/73124/000095013103003030/ds3.txt

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