Convertibles Calendar: XPO Logistics to price $100 million

SEPTEMBER 20

XPO LOGISTICS INC. (NYSE: XPO): $100 million of five-year convertible senior notes; after the market close Thursday; to yield 4%-4.5%, up 20%-25%; registered, off-the-shelf; $15 million greenshoe; via Morgan Stanley & Co. LLC, Deutsche Bank Securities and Jefferies & Company Inc. as joint bookrunning managers; proceeds for general corporate purposes, which may include potential acquisitions; non-callable for three years until Oct. 1, 2015, and then provisionally callable subject to shares being at least 130% of conversion; net share settlement; Greenwich, Conn.-based transportation services company.

ON THE HORIZON

PROVECTUS PHARMACEUTICALS INC. (OTC: PVCTP): series A 8% convertible preferreds; $4 per share; concurrent series D warrants; via underwriter Maxim Group LLC; proceeds will be used for general corporate purposes; convertible preferred stock will be convertible into common stock; further details not available; Knoxville, Tenn.-based dermatology and oncology pharmaceutical company.

International Convertibles Calendar

ON THE HORIZON

ASIA CEMENT CORP. (Taiwan: 1102): less than $300 million of euro convertible bonds; tentatively set 0% coupon and five-year maturity; proceeds to repay loans, purchase overseas raw materials and for operating capital; Taipei, Taiwan-based cement producer.

TPK HOLDING CO. LTD. (Taiwan: 3673): up to $250 million of overseas convertible bonds; par of $250,000; tentatively set 0% coupon and five-year maturity; to be sold by international underwriters outside Taiwan in a public offering; underwriters to be announced; proceeds to be used to purchase materials overseas; Taipei, Taiwan-based maker of capacitative touch technology products used in smartphones and tablets.

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