Convertibles Calendar

WEEK OF NOV. 13

CHATTEM INC. (Nasdaq: CHTT): $100 million seven-year convertible senior notes; Merrill Lynch; Rule 144A; non-callable, no puts, contingent conversion at 130%; Chattanooga, Tenn., maker of over-the-counter health care products, supplements and toiletries will use $26 million of the proceeds for convertible note hedge and warrant transactions, remainder to repay outstanding revolving debt and to help fund planned acquisition of five Johnson & Johnson brands and Pfizer's consumer health care business; talked at a coupon of 2% to 2.25% and an initial conversion premium of 25% to 27%.

CHINA MEDICAL TECHNOLOGIES INC. (Nasdaq: CMED): $100 million five-year convertible senior subordinated notes; Merrill Lynch; Rule 144A; $25 million greenshoe; non-callable, no puts; Beijing-based maker of cancer treatment devices will use proceeds to concurrently repurchase $30 million of its common stock and for general purposes and to acquire businesses, products and technologies; talked at a coupon of 3.5% to 4% and an initial conversion premium of 20% to 25%; pricing Wednesday after the close.

DUKE REALTY CORP. (NYSE: DRE): $500 million five-year exchangeable senior notes; Morgan Stanley; Rule 144A; $75 million greenshoe; non-callable, no puts; Indianapolis real estate investment trust will use proceeds to fund a capped call transaction, to buy back $110 million of common stock, to repay an outstanding unsecured credit line and for other general purposes; talked at a coupon of 3.75% and initial exchange premium of 20%, and reoffered at 98.5 to 99; pricing Thursday after the close.

RARE HOSPITALITY INTERNATIONAL INC. (Nasdaq: RARE): $110 million 20-year convertible senior notes; Wachovia Securities; Rule 144A; $15 million greenshoe; non-callable for seven years, putable in years seven, 10 and 15; Atlanta restaurant operator will use proceeds to buy back common stock, up to $70 million of which will be repurchased concurrently; talked at a coupon of 2.5% to 3% and an initial conversion premium of 30% to 32%; pricing Thursday after the close.

SCHOOL SPECIALTY INC. (Nasdaq: SCHS): $125 million 20-year convertible subordinated debentures; Banc of America Securities LLC; Rule 144A; $25 million; non-callable for five years, puts in years five, 10 and 15; contingent conversion at 130%, contingent payment at 120%; Greenville, Wis., supplier of education products and equipment will use proceeds to concurrently buy back up to $40 million of its common stock and to pay back part of its existing bank debt; pricing Thursday after the close.

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