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Published on 4/25/2003 in the Prospect News Convertibles Daily.

Convertibles Calendar

APRIL 28 WEEK

UNUMPROVIDENT CORP. (Symbol: UNM): $500 million mandatory convertibles, along with $400 million stock offering, as a restructuring package; four-day roadshow scheduled to begin Monday with pricing after the close Thursday; via book-runner Goldman Sachs; joint lead managers Banc of America Securities and Morgan Stanley; proceeds earmarked to reduce debt, increase capitalization of insurance subsidiaries and for general business purposes.

RECENT SHELF FILINGS

AMBAC FINANCIAL GROUP, INC. (Symbol: ABK): $500 million shelf filed April 25 for common stock, preferred stock and debt; securities may be issued as convertibles; includes $5 million previously registered but unsold; New York financial guarantee and financial services company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/874501/000119312503002049/ds3.htm

LOEWS CORP. (Symbol: LTR, CG): $1.5 billion shelf filed April 25 for common stock of Loews and Carolina Group, preferred stock, debt and warrants; securities may be issued as convertibles; New York holding company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/60086/000119312503002053/ds3.htm

TARRAGON REALTY INVESTORS, INC. (Symbol: TARR): $80 million shelf filed April 25 for common stock, preferred stock and debt; securities may be issued as convertibles; New York owner of income-producing real estate will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1038217/000095013403006469/d05192sv3.txt

WEYERHAEUSER CO. (Symbol: WY): $1 billion shelf filed April 25 for debt securities, preferred shares, preference shares, common shares, warrants, trust preferred securities, stock purchase units and stock purchase contracts; securities may be issued as convertibles; adds to $400 million shelf previously filed; Federal Way, Wash. forest products, real estate and construction company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/106535/000089102003001327/v89321orsv3.htm


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