Convertibles Calendar

FEB. 26 WEEK

MYLAN LABORATORIES INC. (Symbol: NYSE: MYL): $400 million five-year convertible senior notes; Merrill Lynch and JP Morgan (joint books); off shelf; $60 million greenshoe; non-callable, no puts; contingent conversion at 130%; concurrent offering of 21.5 million shares, of which about 2.75 million shares will be sold by shareholders; Canonsburg, Pa.-based maker of generic drugs plans to use proceeds to fund convertible note hedge and warrant transactions and for general purposes; pricing March 1 after the close; talked at a coupon of 1.25% to 1.75% and an initial conversion premium of 10% to 15%.

XILINX INC. (Symbol: Nasdaq: XLNX): $900 million 30-year convertible junior subordinated debentures; JP Morgan; Rule 144A; $100 million greenshoe; non-callable for seven years, then with 130% hurdle; no puts; San Jose, Calif., maker of electronic equipment and systems plans to use proceeds to concurrently repurchase its common stock through an accelerated share buyback program and from institutional investors and for general corporate purposes; pricing Tuesday after the close; talked at a coupon of 3.125% to 3.625% and an initial conversion premium of 18% to 20%.

ON THE HORIZON

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.

STANLEY WORKS (NYSE: SWK): equity-linked convertible debt to help finance acquisition of HSM Electronic Protection Services, Inc. from private investors for $545 million in cash; also to be funded with available cash and debt, including a $500 million credit agreement via Citigroup Global Markets Inc.

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