Convertibles Calendar

JAN. 8 WEEK

ALEXANDRIA REAL ESTATE EQUITIES INC. (NYSE: ARE) $350 million 20-year convertible senior unsecured notes; UBS Investment Bank, Citigroup, Merrill Lynch (joint books); Rule 144A deal; $52.5 million greenshoe; non-callable for five years, puts in years five, 10 and 15; contingent conversion at 120%; Pasadena, Calif.-based real estate investment trust focused on offices and laboratories leased to research entities and government agencies will use proceeds to reduce the outstanding balance on an unsecured credit line, which will free up the credit line for working capital and other corporate purposes, including acquisitions and property development; pricing Wednesday after the close; talked at a coupon of 3.5% to 3.75% and an initial conversion premium of 20%.

JAN. 22 WEEK

BALDOR ELECTRIC CO. (NYSE: BEZ): $150 million three-year mandatorily convertible preferred stock; UBS Investment Bank, Bear Stearns (joint books); off shelf; $22.5 million greenshoe; par of $250; automatically convert in 2010; Fort Smith, Ark.-based maker of electric motors, drives and generators will use proceeds along with $200 million of common stock and $550 million of unsecured senior notes to finance acquisition of Rockwell Automation Inc.'s Reliance Electric industrial motors and Dodge mechanical power transmission businesses and to repay all Baldor's debt; pricing on Jan. 25 after the close.

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