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Convertibles Calendar
MAY 19 WEEK
The Hartford Financial Services Group Inc. (Symbol: HIG): $600 million of 3.25-year mandatory convertibles, noncallable; par, $50; price talk of 7.0-7.5% yield, 18-22% initial conversion premium; book-running lead manager is Goldman Sachs; joint lead managers are Morgan Stanley and UBS Warburg; co-managers include A.G. Edwards & Sons Inc., Banc of America Securities, Citigroup, Edward D. Jones & Co., JPMorgan, Merrill Lynch & Co., SunTrust Robinson Humphrey, Wachovia Securities and Wells Fargo Securities; to price week of May 19; expected ratings of A2/A-; proceeds to repurchase commercial paper and for general corporate purposes.
ON THE HORIZON
VALERO ENERGY CORP. (Symbol: VLO): $250 million of three-year mandatory convertibles; with $250 million cash, proceeds would go to purchase a Louisiana refinery from Orion Refining Corp., which has filed bankruptcy; timing depends on court approval of the sale.
RECENT SHELF FILINGS
GOLDMAN SACHS GROUP, INC. (Symbol: GS): $25 billion shelf filed May 15 for debt securities, warrants, purchase contracts, units, preferred stock and depositary shares; securities may be issued as convertibles; includes $8.185 billion previously registered but unsold; New York investment bank, securities and investment management firm will use proceeds for general corporate purposes.
http://www.sec.gov/Archives/edgar/data/886982/000095012303005994/y85725asv3.txt
NEW YORK COMMUNITY BANCORP, INC. (Symbol: NYB): $600 million shelf filed May 16 for debt securities, common stock, preferred stock, warrants, depositary shares, stock purchase contracts, stock purchase units and trust preferreds; securities may be issued as convertibles; Westbury, N.Y. bank will use proceeds for general corporate purposes.
http://www.sec.gov/Archives/edgar/data/910073/000102140803008004/ds3.htm
OMI CORP. (Symbol: OMM): $250 million shelf filed May 13 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Stamford Conn. oil and petroleum shipping transportation company will use proceeds for general corporate purposes.
http://www.sec.gov/Archives/edgar/data/1061571/000095012703000487/a1026739.txt
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