Convertibles Calendar

MAY

DUNE ENERGY INC. (Amex: DNE): $140 million convertible preferred stock; Jefferies & Co.; Rule 144A; concurrent offering of $285 million senior secured notes; Houston-based oil and gas exploration company will use proceeds from both deals to acquire all of the outstanding capital stock of Goldking Energy Corp. as announced on April 18. Any remaining proceeds will be used to pay for acquisition-related expenses and for working capital; pricing in May.

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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