Convertibles Calendar

WEEK OF FEB. 27

ARVINMERITOR INC. (NYSE: ARM): $200 million of 20-year convertible senior unsecured notes, talked to yield 4.625% to 5.125% with an initial conversion premium of 30% to 35%; greenshoe of $30 million; bookrunner UBS; to price March 1 after the close; non-callable for 10 years; puts in years 10, 12, 14, 16 and 18; contingent conversion subject to 120% threshold; net-share settlement feature; cash coupon will step down to zero after March 1, 2016; proceeds will be used to help fund planned buyback of up to $450 million of outstanding straight bonds; Troy, Mich.-based maker of car and truck parts.

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