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Published on 7/17/2003 in the Prospect News Convertibles Daily.

Convertibles Calendar

JULY 21 WEEK:

CONSTELLATION BRANDS INC. (Symbol: STZ): $150 million three-year mandatory convertibles; via joint bookrunners Citigroup and JPMorgan; $21 million greenshoe; also selling 9.5 million shares of common stock; Fairport, N.Y. alcoholic beverages company will use proceeds to repay borrowings under bridge loans incurred to help finance acquisition of BRL Hardy and to repay part of term loans; pricing after close July 24; talked at 5.75% to 6.25% dividend, 18% to 22% initial conversion premium.

ON THE HORIZON:

ALLEGHENY ENERGY INC. (Symbol: AYE): $300 million five-year mandatory convertible trust preferreds in private placement; to be issued through Allegheny Capital Trust I; Allegheny will issue to the trust 11.875% notes due 2008 with stock warrants attached; Hagerstown, Md. utility.

RECENT SHELF FILINGS WITH THE SEC:

IMAX CORP. (Symbol: IMAX): $250 million shelf filed July 15 for debt securities, common stock, preferred stock, warrants, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Mississauga, Ont. entertainment technology company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/921582/000090956703000890/t10304sv3.txt

JEFFERIES GROUP, INC. (Symbol: JEF): $1 billion shelf filed July 15 for debt securities, warrants, preferred stock, depositary shares and common stock; securities may be issued as convertibles; includes $175 million previously registered but unsold; New York investment bank will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1084580/000095014803001726/v91450orsv3.htm

SIZELER PROPERTY INVESTORS, INC. (Symbol: SIZ): $200 million shelf filed July 15 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; includes $35.827 million previously registered but unsold; Kenner, La. real estate investment trust will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/805419/000119312503019581/ds3.htm

TRANSMETA CORP. (Symbol: TMTA): $100 million shelf filed July 17 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; Santa Clara, Calif. microprocessor company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1001193/000089161803003643/f91496orsv3.htm


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