Convertibles Calendar

APRIL 16 WEEK

BIOMARIN PHARMACEUTICAL INC. (Nasdaq: BMRN): $250 million 10-year convertible senior subordinated unsecured convertible notes; Merrill Lynch; off shelf; $37.5 million greenshoe; non-callable, no puts; Novato, Calif., biopharmaceutical company will use proceeds to fund future business development transactions and for general corporate purposes; pricing Tuesday after the close; talked at a coupon of 1.625% to 2.125% and an initial conversion premium of 17.5% to 22.5%.

DELTA PETROLEUM CORP. (Symbol: Nasdaq: DPTR): $100 million 30-year convertible senior notes; JPMorgan, Lehman Brothers, Deutsche Bank (joint books); registered; $15 million greenshoe; concurrent offering of 6.2 million shares with an over-allotment option for an additional 930,000 shares; Denver-based oil and gas company will use proceeds to reduce outstanding debt under its credit facility, to fund capital expenditures and for other general purposes; pricing Wednesday after the close.

LAWSON SOFTWARE INC. (Nasdaq: LWSN): $200 million five-year convertible senior notes; Lehman Brothers; Rule 144A; $40 million greenshoe; non-callable, no puts; contingent conversion at 130%; St. Paul, Minn., enterprise software developer will use some proceeds to fund convertible note hedge and warrant transactions, to concurrently buy back up to $70 million of common stock and for fund general corporate purposes; pricing Tuesday after the close; talked at a coupon of 2.25% to 2.75% and an initial conversion premium of 32.5% to 37.5%.

LINEAR TECHNOLOGY CORP. (Nasdaq: LLTC): $1.7 billion 20-year convertible senior notes in two tranches; Credit Suisse; Rule 144A; no greenshoe; $1 billion series A convertibles will be non-callable for seven years with puts in years seven, 10 and 15; $700 million series B convertibles will be non-callable for the first 3.5 years with puts in years 3.5, 10 and 15; contingent conversion at 130%; Milpitas, Calif.-based maker of linear integrated circuits will use proceeds to partly fund a planned $3 billion accelerated stock buyback; pricing Wednesday after the close; A series talked at a coupon of 2.75% to 3.25% and an initial conversion premium of 38% to 43%, B series talked at a coupon of 2.75% to 3.25% and an initial conversion premium of 40% to 45%.

ON THE HORIZON

BECKMAN COULTER, INC. (NYSE: BEC): Convertible notes to fund about half of $1.55 billion financing for proposed acquisition of Biosite Inc.; financing fully committed by Morgan Stanley and Citigroup; Fullerton, Calif., company develops products used to automate biomedical tests.

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.

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