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Published on 11/7/2003 in the Prospect News Convertibles Daily.

Convertibles Calendar

NOV. 17 WEEK

GENERAL CABLE CORP. (Symbol: BGC): Rule 144A; $75 million of redeemable convertible preferred stock, $50 par; talked to price with a dividend of 6.5% to 7.0% and initial conversion premium of 18% to 22%; part of a comprehensive $640 million refinancing plan that also includes $240 million senior secured asset based revolving credit facility (B1/BB), $275 million of Rule 144A/Reg S senior unsecured notes (B2/B) and $50 million of common stock; UBS Investment Bank and Merrill Lynch & Co. Inc. are joint bookrunners on all offerings; a roadshow for the senior notes due 2010 runs through Nov. 18; Highland Heights, Ky.-based wire and cable manufacturer plans to use proceeds to fully repay its existing senior secured revolving credit facility, senior secured term loans and accounts receivable asset-backed securitization facility, and general corporate purposes.

ON THE HORIZON

KOMAG INC. (Symbol: KOMG): $70 million of 20-year convertible notes, with $10.5 million greenshoe, and 6 million shares of common stock; the notes will be noncallable for 7 years, with puts in years 7, 10 and 15; via bookrunner Bear Stearns & Co. Inc.; joint lead manager is U.S. Bancorp Piper Jaffray Inc. and co-managers are Needham & Co. Inc. and Thomas Weisel Partners LLC; proceeds to redeem $114 million outstanding senior secured notes due 2007, and general corporate purposes; pricing will be scheduled once registrations clear the Securities and Exchange Commission.

RECENT SHELF FILINGS WITH THE SEC:

AMERADA HESS CORP. (Symbol: AHC): $1.5 billion shelf filed Nov. 6 for debt securities, warrants, common stock and preferred stock; securities may be issued as convertibles; New York oil and gas exploration and production company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/4447/000095012303012245/y91412sv3.htm

MYRKOLIS CORP. (Symbol: MYK): $200 million shelf filed Nov. 6 for common stock and debt securities; debt may be issued as convertibles; Billerica, Conn. maker of supplies and products for semiconductor manufacturing will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1133082/000119312503074268/ds3.htm

STANLEY WORKS (Symbol: SWK): $900 million shelf filed Nov. 6 for common stock, preferred stock, debt securities, warrants, depositary shares, stock purchase contracts and stock purchase units; securities may be issued as convertibles; New Britain, Conn. producer of tools and door products will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/93556/000095017203003216/ny466823.txt


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