Convertibles Calendar

MAY 21 WEEK

LIFEPOINT HOSPITALS INC. (Nasdaq: LPNT): $500 million seven-year convertible senior subordinated notes; Citigroup; off shelf; $75 million greenshoe; non-callable, no puts; contingent conversion at 130%; Brentwood, Tenn., non-urban hospital company will use proceeds to repay bank debt; pricing Tuesday after the close; talked at a coupon of 3.25% to 3.75% and an initial conversion premium of 32.5% to 37.5%.

SPARTAN STORES INC. (Nasdaq: SPTN): $75 million 20-year convertible senior notes; Banc of America, Bear Stearns (joint books); Rule 144A offering; $15 million greenshoe; Grand Rapids, Mich.-based grocery distribution company will use proceeds to repay an outstanding revolving loan and fund working capital, capital expenditures and other general corporate purposes; pricing Wednesday after the close; talked at a coupon of 3% to 3.5% and an initial conversion premium of 35% to 40%.

ON THE HORIZON

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.

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; Mylan Canonsburg, Pa., pharmaceutical company.

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