Convertibles Calendar

WEEK OF SEPT. 26

THE TRIZETTO GROUP INC. $100 million of convertible senior unsecured notes due 2025, with $15 million greenshoe; to price Sept. 29, after the close; price talk is for a coupon of 2.25% to 2.75% with an initial conversion premium of 30% to 35%; UBS and Banc of America Securities are bookrunners; non-callable for five years and then callable in years five, 10, and 15; proceeds to repurchase up to one million shares of common stock, with remaining proceeds for future acquisitions, working capital and general corporate purposes.

ON THE HORIZON

DRS TECHNOLOGIES INC. (Symbol: DRS) $250 million of 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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