Convertibles Calendar

OCTOBER 1 WEEK

BANCO SANTANDER SA: €5 billion convertible bonds due 2012; 7.5% coupon in first year, floating rate of Euribor plus 275 basis points after first year until maturity; Spanish bank based in Santander; proceeds to go toward financing €71.7 billion offer for Dutch bank ABN Amro Bank NV; Banco Santander is part of three-bank consortium led by Royal Bank of Scotland plc and including Fortis NV.

ON THE HORIZON

HOLOGIC INC. (Nasdaq: HOLX): Convertible debt or other equity or equity-linked financing to refinance $1.25 billion capital markets term loan X; loan is part of a larger $2.55 billion credit facility to refinance acquisition of Cytyc Corp. and repay bank debt for both companies if any is outstanding; Bedford, Mass.-based manufacturer and supplier of diagnostic and medical imaging systems for the health care needs of women; Goldman Sachs is the bookrunner.

AMERICAN WATER WORKS CORP. INC. (NYSE: AWK): $500 million equity notes; along with new issue of common stock; part of initial public offering and spinoff from RWE AG, a German utilities provider; proceeds to repay recent commercial paper borrowings and for general corporate purposes; Goldman Sachs, Citigroup, Merrill Lynch joint bookrunners.

WESTERN DIGITAL CORP. (NYSE: WDC): Convertible unsecured securities; along with senior unsecured notes, equity and/or a senior unsecured term loan; proceeds to refinance up to $1.25 billion unsecured bridge loan; bridge loan to fund acquisition of Komag Inc. for $32.25 per share in cash tender offer; 364-day bridge loan is led by Goldman Sachs, Citigroup and JPMorgan and is priced at Libor plus 62.5 basis points; Lake Forest, Calif.-based digital storage maker.

AMIS HOLDINGS INC. (Nasdaq: AMIS): Possible $225 million of convertible notes; to buy back stock or for acquisitions; Pocatello, Idaho-based designer and manufacturer of customer-specific mixed signal semiconductor products.

BLACK HILLS CORP. (NYSE: BKH): Mandatory convertible securities; proceeds, along with new equity and unsecured debt, to replace bridge facility; bridge facility will be used to fund the Rapid City, S.D.-based diversified energy company's acquisition of Aquila, Inc.'s electric utility in Colorado and gas utilities in Colorado, Kansas, Nebraska and Iowa, along with the associated liabilities, for $940 million.

MCMORAN EXPLORATION CO. (NYSE: MMR): Equity-linked securities to help fund acquisition of the Gulf of Mexico shelf oil and gas properties of Newfield Exploration Co.; initial financing is $800 million revolver and $800 million bridge loan; McMoRan plans to repay the bridge loan with bonds, equity and equity-linked securities; JPMorgan, Merrill Lynch are lead on revolver and bridge loan; New Orleans-based explorer, developer and producer of oil and natural gas.

MYLAN LABORATORIES INC. (NYSE: MYL): $1.5 billion to $2 billion of common stock and mandatory convertible securities; to refinance debt to fund acquisition of Merck KGaA's generics business; Canonsburg, Pa., pharmaceutical company.

TELEFLEX INC. (NYSE: TFX): convertible debt to help fund acquisition of Arrow International Inc.; also plans new credit facility and private placement notes; acquisition expected to close by the fourth quarter; Limerick, Pa., designer, manufacturer and distributor of engineered products and services for the commercial, medical and aerospace markets.

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