Convertibles Calendar: Health Care REIT, Altra Holdings to price

MARCH 1

HEALTH CARE REIT INC. (NYSE: HCN): to price $625 million of convertible perpetual preferred shares; at $50 per share; after the market close Tuesday; talked to yield 6.5%-7%, up 15%-20%; concurrent $1.3 billion offering of common stock; $93.75 million greenshoe; via joint bookrunners UBS Investment Bank, Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities; non-callable for seven years and then provisionally callable if shares exceed 130% of conversion price; no puts; registered, off the shelf; proceeds to fund previously announced acquisition of Genesis HealthCare Corp. and for general corporate purposes; takeover protection; Toledo, Ohio-based self-administered, equity real estate investment trust.

ALTRA HOLDINGS INC. (Nasdaq: AIMC): to price $75 million of 20-year convertibles; after the market close Tuesday; talked to yield 2.75%-3.25%, up 30%-35%; Rule 144A; via bookrunners J.P. Morgan Securities LLC and Jefferies & Co.; $10 million greenshoe; non-callable for four years and then provisionally callable for three years if shares exceed 130% of conversion price; puts in years seven, 10 and 15; takeover and dividend protection; proceeds for Danfoss Bauer GmbH acquisition and for general corporate purposes; Quincy, Mass.-based automotive parts supplier.

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