Convertibles Calendar

WEEK OF MARCH 20

TIME WARNER TELECOM INC. (Nasdaq: TWTC): $200 million of 20-year convertible senior bonds, talked to yield 2.125% to 2.625% with an initial conversion premium of 25% to 30%; greenshoe of $30 million; bookrunners Morgan Stanley, Wachovia Securities and Deutsche Bank; to price March 23 after the close; non-callable for seven years; puts in years seven, 10 and 15; no contingent conversion or contingent payment; company may settle in any combination of stock and cash; full dividend and takeover protection; proceeds will be used to call part of its 10.125% senior notes due 2011; Littleton, Colo.-based IT services company that manages data and voice networks.

BIOMARIN PHARMACEUTICAL INC. (Nasdaq: BMRN): $125 million of 7-year convertible bonds talked to yield 2.5% to 3% with an initial conversion premium of 22.5% to 27.5%; greenshoe of $18.75 million; bookrunner is Merrill Lynch; to price March 23 after the close; non-callable for life; no puts; no contingent conversion or contingent payment; full dividend and takeover protection; proceeds will be used to fund commercialization of products, additional clinical trials, potential acquisitions and possible redemption of 3.5% convertible bonds due 2008 and callable in June; Novato, Calif.-based pharmaceutical company.

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