Convertibles Calendar

FEBRUARY 3

HOVNANIAN ENTERPRISES INC. (NYSE: HOV): $75 million offering of tangible equity units; 25% par; expected to price late Thursday; talked 7.25%-7.75%, up 18%-22%; three-year maturity; 15% greenshoe; registered; concurrent $50 million offering of common stock and $150 million offering of straight notes; via Credit Suisse Securities, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, with Bank of America Merrill Lynch, Deutsche Bank Securities Inc. and Wells Fargo as the co-managers; proceeds for funding repurchase of debt; homebuilder based in Red Bank, N.J.

TO BE DETERMINED

MOLYCORP INC. (NYSE: MCP): to price $172.5 million mandatory convertible preferred stock; concurrent $500 million secondary offering of common stock; price talk wasn't immediately available; pricing seen Jan. 31 week; JPMorgan and Morgan Stanley joint bookrunners; proceeds to fund planned expansion of Mountain Pass facility in California; Greenwood Village, Colo.-based producer of rare earth oxides.

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