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Published on 2/8/2011 in the Prospect News Convertibles Daily.

Convertibles Calendar

FEBRUARY 10

MOLYCORP INC. (NYSE: MCP): to price $150 million three-year mandatory convertible preferred stock; concurrent $500 million secondary offering of common stock; after the market close Thursday; to yield 5.75%-6.25%, up 17.5%-22.5%; $22.5 million greenshoe; JPMorgan and Morgan Stanley joint bookrunners; proceeds for working capital and general corporate purposes, including planned expansion of Mountain Pass facility in California; Greenwood Village, Colo.-based producer of rare earth oxides.


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