Convertibles Calendar

WEEK OF DEC. 4

MANNKIND CORP. (Nasdaq: MNKD): $100 million seven-year convertible senior notes; Merrill Lynch, JP Morgan (joint books); off shelf; $15 million greenshoe; non-callable; Valencia, Calif., drug developer will use proceeds for clinical trial costs, for research and development and for general purposes; concurrent offering of 17.5 million shares; pricing Dec. 6, talked at a coupon of 3.75% to 4.25% and an initial conversion premium of 22% to 28%.

ON THE HORIZON

ACQUICOR TECHNOLOGY INC. (Amex: AQR): $100 million five-year convertible senior notes; $15 million greenshoe; CRT Capital Group; Rule 144A; non-callable for three years, no puts; Newport Beach, Calif.-based blank-check company formed to acquire technology businesses; will use proceeds to help fund acquisition of Jazz Semiconductor for $260 million; talked at a coupon of 8% to 8.5% and an initial conversion premium of 25% to 30%.

EUROSEAS LTD. (OTCBB: EUSEF): Unspecified amount of two-year mandatory convertible preferred stock; Cantor Fitzgerald & Co., Oppenheimer & Co. (joint books); registered; non-callable; Maroussi, Greece-based owner and operator of drybulk and container vessels will use proceeds to pay back $7 million of debt incurred through acquisition of the vessel YM Xingang I and to acquire additional vessels.

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