Convertibles Calendar: UBS-Stillwater to price

DECEMBER 7

UBS AG (NYSE: UBS): $180 million of 18-month mandatory exchangeables into Stillwater Mining Co. shares; talked to yield 9.25%-9.75%, up 15%-20%; registered deal; $25 par, via bookrunner UBS Securities; $20 million greenshoe; concurrent common stock secondary offering by majority stockholder Norimet Ltd.; Stillwater will not receive any proceeds from either transaction; Billings, Mont.-based palladium and platinum producer.

DECEMBER 8

SWS GROUP INC.: (NYSE: SWS): $95 million of five-year convertible senior notes; after the market close Wednesday; talked to yield 6%-7.5%, up 20%-30%; registered, off-the-shelf; $14.25 greenshoe; non-callable for three years, then provisionally callable subject to a 130% price hurdle; no puts; stock settled conversion; proceeds for capital contribution and general corporate purpses; Bank of America Merrill Lynch bookrunner; Dallas securities and banking company.

DECEMBER 14

SWIFT HOLDINGS CORP.: $300 million of trust-issued mandatory common exchange securities; Rule 144A; talked to yield 6%-6.5%, up 17.5%-22.5%; three-year; 15% greenshoe; concurrent with an IPO of 67.325 million shares of common; via bookrunners Morgan Stanley & Co. Inc., Bank of America Merrill Lynch and Wells Fargo Securities; proceeds to purchase a portfolio of stripped U.S. Treasury securities and pay the purchase price to the sellers under the stock purchase contracts; Phoenix-based transportation services company and truckload carrier.

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