Convertibles Calendar

JAN. 29 WEEK

SUNPOWER CORP. (Nasdaq: SPWR): $130 million 20-year convertible senior unsecured notes; Lehman Brothers, Credit Suisse (joint books); off shelf; $19.5 million greenshoe; non-callable for five years; puts in years five, 10 and 15; contingent conversion at 125%; San Jose, Calif., maker of solar electric power products will use proceeds for general purposes; pricing Thursday after the close; talked at a coupon of 1.25% to 1.75% and an initial conversion premium of 25% to 30%.

FEB. 5 WEEK

INVACARE CORP. (NYSE: IVC): $125 million 20-year senior subordinated convertible notes (B3/CCC+); Bank of America; Rule 144A/Regulation S; part of debt recapitalization that also includes a senior secured revolving loan and term loans; Elyria, Ohio-based maker of non-acute health care products.

ON THE HORIZON

STANLEY WORKS (NYSE: SWK): equity-linked convertible debt to help finance acquisition of HSM Electronic Protection Services, Inc. from private investors for $545 million in cash; also to be funded with available cash and debt, including a $500 million credit agreement via Citigroup Global Markets Inc.

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