Convertibles Calendar

NOV. 17 WEEK

AMERADA HESS CORP. (Symbol: AHC): registered; $500 million of three-year mandatory convertibles, non-callable, with $75 million greenshoe; price talk of 7.0-7.5% dividend, 18-22% initial conversion premium; pricing after the close Wednesday; via sole bookrunner Goldman Sachs & Co.; five-year senior notes underlying the mandatory will be non-callable for three years, then with a 150% hurdle; full dividend protection; rated BB+ by S&P, Ba2 rating expected by Moody's; New York-based oil firm said proceeds would be used for general corporate purposes, including reduction of debt.

GENERAL CABLE CORP. (Symbol: BGC): Rule 144A; $75 million of redeemable convertible preferred stock, $50 par; price talk of 5.75-6.25% dividend - amended from 6.5-7.0% - and 18-22% initial conversion premium; pricing after the close Tuesday; part of $640 million refinancing plan that also includes $240 million senior secured asset based revolving credit facility (B1/BB), $275 million of Rule 144A/Reg S senior unsecured notes (B2/B) and $50 million of common stock; the senior notes are talked to price in the 9.75% area; UBS Investment Bank and Merrill Lynch & Co. Inc. are joint bookrunners on all offerings; a roadshow for the senior notes due 2010 runs through Tuesday; Highland Heights, Ky.-based wire and cable manufacturer plans to use proceeds to fully repay its existing senior secured revolving credit facility, senior secured term loans and accounts receivable asset-backed securitization facility, and general corporate purposes.

MILLENIUM CHEMICALS INC. (Symbol: MHC): Rule 144A; $125 million of 20-year convertible senior notes, with $25 million greenshoe; price talk of 4.25-4.75% yield, 35-40% initial conversion premium; non-callable for seven years, with puts in years seven, 10 and 15; 125% contingent conversion trigger; via joint bookrunners JPMorgan Securities and Banc of America Securities; scheduled to price after the close Wednesday; proceeds to repay the remaining balance of its term loan facility and to reduce borrowings under its revolving credit facility.

ON THE HORIZON

DELPHI CORP. (Symbol: DPH): 30-year convertible subordinated bonds, noncallable for five years; proceeds principally to be used to fund existing pension obligations.

KOMAG INC. (Symbol: KOMG): $70 million of 20-year convertible notes, with $10.5 million greenshoe, and 6 million shares of common stock; the notes will be noncallable for 7 years, with puts in years 7, 10 and 15; via bookrunner Bear Stearns & Co. Inc.; joint lead manager is U.S. Bancorp Piper Jaffray Inc. and co-managers are Needham & Co. Inc. and Thomas Weisel Partners LLC; proceeds to redeem $114 million outstanding senior secured notes due 2007, and general corporate purposes; pricing will be scheduled once registrations clear the Securities and Exchange Commission.

ROPER INDUSTRIES INC. (Symbol: ROP): $150 million in proceeds of cash-to-zero convertible bonds; proceeds, in addition to new $650 million senior secured credit facility and planned $200 million common stock issue, will be used to finance the acquisition of Neptune Technology Group Holdings Inc. and general corporate purposes, including working capital.

RECENT SHELF FILINGS WITH THE SEC:

ADVANCED ENERGY INDUSTRIES, INC. (Symbol: AEIS): $250 million shelf filed Nov. 17 for common stock and debt securities; debt may be issued as convertibles; Fort Collins, Colo. manufacturer of components for vacuum process systems will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/927003/000095013403015505/d10592sv3.htm

EMERSON ELECTRIC CO. (Symbol: EMR): $2.5 billion shelf filed Nov. 17 for debt securities, preferred stock, common stock, warrants, share purchase contracts and share purchase units; securities may be issued as convertibles; includes $500 million previously registered but unsold; St. Louis maker of electrical, electromechanical and electronic products and systems will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/32604/000095013403015564/c81021sv3.txt

ROPER INDUSTRIES, INC. (Symbol: ROP): $450 million shelf filed Nov. 14 for debt securities, common stock, stock purchase contracts and units; debt may be issued as convertibles; Duluth, Ga. manufacturer of industrial controls, fluid handling products and analytical instruments will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/882835/000095014403012902/g85607sv3.htm

TSAKOS ENERGY NAVIGATION LTD. (Symbol: TNP): $150 million shelf filed Nov. 14 for common shares, preferred shares, warrants, debt securities, purchase contracts and units; securities may be issued as convertibles; Athens tanker operator will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1166663/000119312503081481/df3.htm

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