Convertibles Calendar

FEBRUARY 4 WEEK

GMX RESOURCES INC. (Nasdaq: GMXR): $100 million convertible senior notes due 2013; $15 million greenshoe; 4.5%-5% coupon, up 37.5%-42.5%; Rule 144A transaction; Jefferies Securities bookrunner; Oklahoma City-based oil driller; proceeds to repay existing debt on bank credit facility; pricing expected Feb. 6 after market close.

QIMONDA AG (NYSE: QI): $250 million senior convertible bonds due 2013; $37.5 million greenshoe; offered through subsidiary Qimonda Finance LLC; coupon talked at 5%-6%, initial conversion premium at 30%-35%; callable after five years subject to 150% hurdle; non-standard takeover protection; concurrent stock offering to serve as stock borrow facility; Citigroup, Credit Suisse and Deutsche Bank joint bookrunners; SEC-registered transaction; Munich-based semiconductor component producer; pricing Feb. 7

FEBRUARY 11 WEEK

FLOTEK INDUSTRIES INC. (NYSE: FTK): $100 million in convertible senior notes due Feb. 15, 2028; $15 million greenshoe; no price talk available; callable beginning Feb. 15, 2013; put options on Feb. 15 in each of 2013, 2018 and 2023; contingent interest payment subject to 120% hurdle in the six-month period beginning Feb. 15, 2013; Bear Stearns bookrunner; SEC-registered transaction; concurrent offering of 3.8 million shares of Flotek common stock to be lent to affiliate of Bear Stearns; Houston-based oilfield services company; proceeds to pay for purchase of Teledrift Inc. and general corporate purposes; pricing expected Feb. 11 after market close.

ON THE HORIZON

MACROVISION CORP. (Nasdaq: MVSN): Up to $150 million convertible debt or senior unsecured notes to help finance purchase of Gemstar-TV Guide International Inc.; secured $150 million bridge loan if it is unable to issue convertibles or other debt financing; also secured $650 million term loan B; Santa Clara, Calif.-based digital transmission protection, enhancement and distribution firm; JPMorgan, Merrill Lynch lead banks on financing.

DANAHER CORP. (NYSE: DHR): Equity-linked securities to help fund its acquisition of Tektronix, Inc.; company will use short-term debt to fund $2.8 billion, $38-per-share takeover of Tektronix; equity-linked securities to be used for long-term debt; Danaher is a Washington, D.C.-based manufacturer of professional instrumentation, industrial technologies and tools and components. Tektronix is a Beaverton, Ore.-based company that supplies test, measurement and monitoring products to the communications, computer and semiconductor industries.

AMERICAN WATER WORKS CORP. INC. (NYSE: AWK): $500 million equity notes; along with new issue of common stock; part of initial public offering and spinoff from RWE AG, a German utilities provider; proceeds to repay recent commercial paper borrowings and for general corporate purposes; Goldman Sachs, Citigroup, Merrill Lynch joint bookrunners.

WESTERN DIGITAL CORP. (NYSE: WDC): Convertible unsecured securities; along with senior unsecured notes, equity and/or a senior unsecured term loan; proceeds to refinance up to $1.25 billion unsecured bridge loan; bridge loan to fund acquisition of Komag Inc. for $32.25 per share in cash tender offer; 364-day bridge loan is led by Goldman Sachs, Citigroup and JPMorgan and is priced at Libor plus 62.5 basis points; Lake Forest, Calif.-based digital storage maker.

BLACK HILLS CORP. (NYSE: BKH): Mandatory convertible securities; proceeds, along with new equity and unsecured debt, to replace bridge facility; bridge facility will be used to fund the Rapid City, S.D.-based diversified energy company's acquisition of Aquila, Inc.'s electric utility in Colorado and gas utilities in Colorado, Kansas, Nebraska and Iowa, along with the associated liabilities, for $940 million.

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