High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $3.225 billion

WEEK OF JULY 7

CALPINE CORP.: $1.2 billion in three tranches of senior secured second priority notes: seven-year non-call-four fixed-rate notes, price talk 8 ¼%-8 ½%; 10-year non-call-five fixed-rate notes, price talk 25 basis points behind the seven-year notes; four-year non-call-two floating-rate notes, price talk Libor plus 575 basis points; Goldman Sachs (books); Rule 144A; to repay $950 million of term loan B, $450 million under working capital revolvers and outstanding public debt in open-market purchases; San Jose, Calif.-based independent power producer; pricing Thursday.

ROCKWOOD SPECIALTIES GROUP INC.: $375 million senior subordinated notes due 2011 (B-); JP Morgan, Merrill Lynch, Goldman Sachs; Rule 144A; also $535 million senior secured bank facilities; to fund recapitalization plan; Princeton, N.J. chemical company; pricing on or around July 10.

WESTERN WIRELESS CORP.: $600 million senior unsecured notes due 2010 (non-call four) and 2013 (non-call five) (expected ratings Caa2/CCC); Goldman Sachs, JP Morgan, Wachovia Securities (joint); Rule 144A/Regulation S; proceeds to help prepay $400 million of debt under the credit facility, to redeem 10½% senior subordinated notes due 2006 and 2007 and for working capital and general corporate purposes; Bellevue, Wash.-based wireless company; roadshow starts July 9; pricing expected July 11.

TEKSID SPA: €250 million in two tranches (dollars and euros) of senior notes due 2011 (B2/B-); JP Morgan; non-callable for four years; to fund LBO by Questor Partners, JP Morgan Partners, Private Equity Group and AIG; Barcelona, Spain producer of metallurgical products for automotive industry; Europe roadshow began June 27, U.S. roadshow started July 8.

WEEK OF JULY 14

TRANSDIGM INC: $300 million senior subordinated notes due 2011 (B3/B-); Credit Suisse First Boston (books), Banc of America Securities, UBS Investment Bank (co's); to fund the LBO by Warburg Pincus and TransDigm management; roadshow started July 7; pricing expected during week of July 14

REDDY ICE, INC.: $150 million senior subordinated notes due 2011 (B3/B-); Credit Suisse First Boston, CIBC World Markets, Bear Stearns (joint); non-callable for four years; to refinance debt including redemption of $270 million of senior notes due 2005; formerly Packaged Ice, Inc., is headquartered in Dallas; roadshow started July 8; pricing expected mid-week during the week of July 14.

COLUMBUS MCKINNON CORP.: $100 million senior secured notes due 2010 (B3/B-); Credit Suisse First Boston (books), Fleet Securities (co); Rule 144A; non-callable for four years; to repay revolver and term loan B and other debt; Amherst, N.Y.-based manufacturer of hoists; roadshow starts July 9; expected to price during week of July 14.

WESTLAKE CHEMICAL CORP.: $400 million senior notes due 2011 (Ba3/B+); Credit Suisse First Boston, Banc of America Securities, Deutsche Bank Securities, JP Morgan (joint), Citigroup, Scotia Capital, Credit Lyonnais, CIBC World Markets (co's); Rule 144A for life; to refinance existing debt; Houston petrochemical company; roadshow began July 8; pricing late in week of July 14.

WEEK OF JULY 21

MSX INTERNATIONAL, INC.: $100 million senior secured notes due 2007 (B2/B); Jefferies & Co.; Rule 144A; non-callable for two years; to repay bank debt; Southfield, Mich. provider of technical business services; roadshow started July 8; pricing early in July 21 week.

JULY BUSINESS

MEDCO HEALTH SOLUTIONS, INC.: $500 million senior notes due 2013 (Ba1/BBB); Goldman Sachs, JP Morgan, Citigroup; also $1.15 billion senior secured credit facility; public; callable; 35% equity clawback for three years; to help pay cash dividend to Merck; roadshow expected in July.

ON THE HORIZON

PHARMA SERVICES: $450 million senior subordinated notes (B3); Citigroup; also $425 million credit facility; to fund the LBO of Quintiles; Durham, N.C. provider of product development and commercial development solutions to pharmaceutical, biotechnology and medical device industries.

RIVERWOOD HOLDING INC./GRAPHIC PACKAGING INTERNATIONAL CORP.: $1.5 billion financing in high yield bonds and bank debt; notes via Goldman Sachs, Deutsche Bank Securities, JP Morgan (joint) credit facility lead by JPMorgan, Deutsche Bank, Goldman Sachs and Morgan Stanley (equal leads in financing), Citigroup, Credit Suisse First Boston (co's); to fund merger of Riverwood Holding Inc. and Graphic Packaging International Corp.

RESOURCE AMERICA, INC.: $30 million of senior notes due 2008; Bear Stearns and Friedman Billings Ramsey (joint); registered; callable on Aug. 1, 2006 at 106; concurrently company will offer up to $65.336 million of new notes in exchange for all outstanding 12% senior notes due 2004; Philadelphia-based oil and natural gas company.

http://www.sec.gov/archives/edgar/data/83402/000095011603001564/s3.txt

LOEWS CINEPLEX THEATRES: senior subordinated notes; Rule 144A; coming with senior credit facility and IPO; IPO via Goldman Sachs, Citigroup, Credit Suisse First Boston and Merrill Lynch; to repay debt and for general corporate purposes; motion picture exhibitor headquartered in New York City.

SEMINIS INC.: $175 million (minimum) high-yield bonds; also new credit facility led by Citigroup and Bank of Montreal; part of merger agreement with Savia, SA de CV

SEAT PAGINE GIALLE: €1.2 billion bonds; to help fund €6 billion LBO by BC Partners, CVC, Investitori Associati and Permira

UNITED STATES CAN CO.: $125 million second priority senior secured notes; Rule 144A/Regulation S; to partially pay down senior secured bank facility and increase availability under revolver for working capital and general corporate purposes; wholly owned subsidiary of U.S. Can Corp., Lombard, Ill. manufacturer of steel containers.

ROADSHOWS

Started in Europe June 27, U.S. to start July 8: TEKSID S.P.A. euro 250 million; JP Morgan; 8NC4

Started late June: ROCKWOOD SPECIALTIES GROUP INC. $375 million; JP Morgan, Merrill Lynch, Goldman Sachs; Rule 144A; 8-year maturity

Started July 7: TRANSDIGM INC. $300 million; Credit Suisse First Boston; eight-year maturity

Started July 8: REDDY ICE, INC. $150 million; Credit Suisse First Boston, CIBC World Markets, Bear Stearns; Rule 144A; 8NC4

Started July 8: WESTLAKE CHEMICAL CORP. $400 million; Credit Suisse First Boston, Banc of America Securities, Deutsche Bank Securities, JP Morgan; Rule 144A; 8-year maturity

Started July 8: MSX INTERNATIONAL, INC. $100 million; Jefferies & Co.; Rule 144A; 5NC2

Starts July 9: COLUMBUS MCKINNON CORP. $100 million; Credit Suisse First Boston; Rule 144A; 7NC4

Starts July 9: WESTERN WIRELESS CORP. $600 million; Goldman Sachs, JP Morgan, Wachovia Securities; Rule 144A/Regulation S; 7NC4 and 10NC5

Starts in July: MEDCO HEALTH SOLUTIONS, INC. $500 million; Citigroup, JP Morgan, Goldman Sachs; 10-year maturity

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