Convertibles Calendar

AUG. 4 WEEK:

ARTESYN TECHNOLOGIES INC. (Symbol: ATSN): Rule 144A; $75 million of seven-year convertible notes, noncallable for five 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, for working capital and for general corporate purposes.

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

AVNET, INC. (Symbol: AVT): $1.5 billion shelf filed July 30 for debt securities, common stock, stock purchase contracts, stock purchase units, warrants and units; securities may be issued as convertibles; Phoenix distributor of electronic components will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/8858/000095015303001451/p68085sv3.htm

MOOG INC. (Symbol: MOG.A): $120 million shelf filed Aug. 1 for class A common stock and debt securities; debt may be issued as convertibles; East Aurora, N.Y. manufacturer of precision motion and fluid controls will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/67887/000089979703000395/form_s3.htm

NOBLE DRILLING CORP. (Symbol: NE): $500 million shelf filed Aug. 1 for debt securities, preferred shares, depositary shares, ordinary shares and warrants; securities may be issued as convertibles; Sugar Land, Texas oil and gas services company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/777201/000095012903003883/h07853sv3.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.