Total amount of scheduled dollar-denominated high-yield bond offerings is $4.135 billion

WEEK OF FEB. 3

TRW AUTOMOTIVE: $1.4 billion (approximately) Rule 144A notes in four tranches, all maturing in 2013 and non-callable for five years; JP Morgan, Credit Suisse First Boston, Lehman Brothers, Deutsche Bank Securities, Banc of America Securities: $700-$800 million senior notes (B1/B+/B+), price talk 9½% area; €200-€250 million senior notes (B1/B+/B+), price talk 75 basis points behind dollar senior notes; $250-$300 million senior subordinated notes (B2/B+/B), price talk 175-200 basis points behind dollar senior notes; €100-€150 million senior subordinated notes (B2/B+/B), price talk 75 basis points behind dollar senior subordinated notes; to help fund $4.725 billion acquisition of company by the Blackstone Group; Livonia, Mich. supplier of automotive components; roadshow started Jan. 17; pricing Thursday morning.

CINEMARK USA: $150 million senior subordinated notes due 2013 (B3/B-); Lehman Brothers (books), Bank of America Securities (joint lead) plus others; Rule 144A; non-callable for five years; to repay a portion of revolver; motion picture exhibitor; roadshow starts Friday; price talk 9% area; pricing Thursday afternoon.

LEGRAND, SA: $400 million (price talk 10% area) and €200 million (price talk 50 basis points behind dollar notes) 10-year notes (B1); Credit Suisse First Boston, Lehman Brothers (joint books), RBS (co); non-callable for five years; to partially fund LBO by Kohlberg Kravis Roberts & Co. LP and Wendel Investissement from Schneider Electric SA; Limoges, France electrical distribution and industrial control and automation services; U.S. roadshow Jan. 23-30, Europe Jan. 31-Feb. 5; pricing Frday.

WEEK OF FEB. 10

CROWN CORK & SEAL CO.: $1.75 billion senior secured second and third lien notes in two parts: $1.25 billion due 2011 (B1/CCC+), non-callable for four years and $500 million due 2013 (B1/CCC), non-callable for five years; Salomon Smith Barney, Deutsche Bank Securities; Rule 144A; also includes $1.05 billion first lien credit facility; to refinance existing revolver due Dec. 8, 2003 and approximately $900 million of senior notes, including all notes scheduled to mature in 2003 and approximately $300 million of notes due in 2004 and 2005; pricing during the week of Feb 10.

BURNS PHILP CAPITAL: $150 million senior subordinated notes due 2011 (B3/B-); Credit Suisse First Boston; Rule 144A; non-callable for four years; to help fund takeover of Goodman Fielder; Sydney, Aus.-based co. produces bakers' yeast, yeast extracts, wine/brewers' yeast, bakery ingredients, and herbs and spices; roadshow started Feb. 3; pricing week of Feb. 10.

THE OLD EVANGELINE DOWNS LLC: $110 million senior secured notes due 2010 (B-); Jefferies & Co.; Rule 144A; to help fund construction and development of pari-mutuel horse racetrack with slot machines, to refinance existing debt; Lafayette, La.-based subsidiary of Peninsula Gaming; roadshow Feb. 3-13.

FASTENTECH, INC.: $175 million senior subordinated notes due 2011 (B3/B-); JP Morgan, Lehman Brothers (joint books), Bank One Capital Markets (co); Rule 144A; to repay debt and settle interest rate swaps; Minneapolis manufacturer and marketer of specialized fastener systems; roadshow Feb. 5-13.

2003 FIRST QUARTER

MOORE CORP. LTD.: $400-$500 million notes; also $850 million credit facility lead by Deutsche Bank, Salomon Smith Barney and Morgan Stanley; to help fund the $1.3 billion acquisition of Wallace Computer Services Inc.; first quarter business

DOLE FOOD CO.: Up to $450 million of bonds to help fund leveraged buyout by DHM Acquisition Co. vehicle of company chairman David H. Murdock; with up to $1.15 billion of senior secured credit facilities via Deutsche Bank, Scotia Capital and Bank of America; Westlake Village, Calif. fresh fruit, vegetables and flowers company.

TRUMP CASINO HOLDINGS, LLC/TRUMP CASINO FUNDING, INC.: $470 million mortgage notes due 2011; Credit Suisse First Boston, Deutsche Bank Securities, UBS Warburg (joint); Rule 144A; to refinance debt; gaming firm.

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

ON THE HORIZON

AMERIPATH INC.: new high yield issuance; Credit Suisse First Boston and Deutsche Bank; also $375 million credit facility; to help fund the merger with Amy Acquisition Corp., a corporation formed by Welsh, Carson, Anderson & Stowe to be completed before April 30, 2003. The transaction is valued at approximately $839.4 million; Riviera Beach, Fla. provider of cancer diagnostics, genomic, and related information services; anticipated first quarter of 2003.

WILLIAM LYON HOMES: $200 million senior notes due 2012 (B3); UBS Warburg (books), Salomon Smith Barney (co); registered; non-callable for five years; equity clawback; to repay debt including $71 million 12½% notes due 2003 (issued by The Presley Cos.); Newport Beach, Calif. homebuilder; will price during 2002 pending market conditions.

MERIDIAN AUTOMOTIVE SYSTEMS, INC.: $250 million senior subordinated notes due 2012; Credit Suisse First Boston; Rule 144A, non-callable for five years; concurrent with $150 million IPO; to repay outstanding indebtedness; Dearborn, Mich. auto parts supplier.

RIVERWOOD HOLDING, INC.: senior notes (B-); along with proceeds of IPO and new term loan, to repay outstanding senior notes and senior subordinated notes and part of the borrowings on its revolving credit facility; Atlanta, Ga.-based paperboard company.

DOANE PET CARE: $200 million (approximately) senior notes (B-); JP Morgan; to repay existing debt; Brentwood, Tenn.-based private pet food company.

UNITED STATES STEEL CORP.: high yield offering as part of a $650 million combination of debt securities, equity-linked securities, bank borrowings and cash balances; to help pay for its purchase of National Steel Corp. valued at $950 million; J.P. Morgan is acting as financial advisor to U.S. Steel.

ROADSHOWS

Started late in the week of Jan. 27: CROWN CORK & SEAL CO. $1.75 billion; Salomon Smith Barney, Deutsche Bank Securities; Rule 144A; 8NC4 and 10NC5

Feb. 3-13: THE OLD EVANGELINE DOWNS LLC $110 million; Jefferies & Co.; Rule 144A; 10

Started Feb. 3: BURNS PHILP CAPITAL $150 million; Credit Suisse First Boston; Rule 144A; 8NC4

Feb. 5-13: FASTENTECH, INC. $175 million; JP Morgan, Lehman Brothers; Rule 144A; 10

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