Convertibles Calendar

WEEK OF DEC. 12

LSB INDUSTRIES INC. (Symbol: LXU): to price up to $20 million of unsecured senior subordinated debt; proceeds primarily to repay existing debt; Oklahoma City-based manufacturer and marketer of climate control products.

ON THE HORIZON

NRG ENERGY INC. (Symbol: NRG): Mandatory convertible preferreds expected to total $500 million, with concurrent offerings of $1 billion equity and $2.5 billion debt, to finance roughly $4 billion of its $5.8 billion acquisition of Texas Genco LLC; Texas Genco owners may also receive as much as $400 million preferred stock; Princeton, N.J.-based NRG has operations in the southeastern, western and northeastern states, while Texas Genco has operations in eastern Texas; the transaction is expected to close first-quarter 2006.

DRS TECHNOLOGIES INC. (Symbol: DRS): $250 million senior subordinated convertible notes; as part of a mix of borrowings to help fund its acquisition of Engineered Support Systems Inc. (ESSI); the other financings include $124.7 million under a new revolving credit facility, $200 million from an expanded existing term loan and $700 million of new high-yield debt; DRS is a Parsippany, N.J.-based provider of technology products and services to defense, government intelligence and commercial customers. ESSI is a St. Louis-based diversified supplier of integrated military electronics, support equipment and technical services.

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