Convertibles Calendar

SEPT. 11 WEEK

BRISTOW GROUP INC. (NYSE: BRS): $200 million of three-year mandatory convertible preferred stock talked at a dividend of 5.25% to 5.75% and a threshold appreciation range of 20% to 25%; Credit Suisse, Goldman Sachs (joint books); off shelf; 4 million preferred shares at $50 apiece; $30 million greenshoe; non-callable; forced conversion subject to 150% hurdle; Houston-based provider of helicopter services to the offshore oil and gas industry plans to use the proceeds of the deal to fund aircraft purchases; pricing Wednesday after the market closes.

POLYMEDICA CORP. (Nasdaq: PLMD): $150 million five-year convertible subordinated notes talked at a coupon of 1% to 1.5% and an initial conversion premium of 10% to 14%; Bank of America, Deutsche Bank (joint books); Rule 144A; $30 million greenshoe; non-callable, no puts; 120% contingent conversion hurdle; Wakefield, Mass., provider of health care products and services for patients with chronic diseases will use proceeds to buy back about $29 million of its common stock from convertible purchasers, to fund convertible note hedge and warrant transactions and to pay off about $94 million of bank debt; to price Wednesday.

ON THE HORIZON

GOL LINHAS AEREAS INTELIGENTES SA (NYSE: GOL): $100 million offering of 20-year convertible senior unsecured notes; pricing expected after registration is approved; Morgan Stanley is bookrunner; also concurrent primary offering of 2.5 million preferred shares and offer of convertible debentures in Brazil; greenshoe for $15 million; non-callable for five years; puts in years five, 10 and 15; contingent conversion at 120%; Sao Paulo, Brazil-based low cost airline carrier will use proceeds to buy aircraft, equipment and materials.

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