High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $4.70 billion

WEEK OF MAY 12

LYONDELL CHEMICAL COMPANY: $325 million of senior secured notes due in 2013 (existing ratings Ba3/BB); Citigroup, Banc of America Securities, JP Morgan (joint); Rule 144A; non-callable for five years; to prepay $103 million of term loans and $215 million that will be borrowed under Lyondell's revolver to fund purchase of butanediol manufacturing plant in The Netherlands; price talk 10¼%-10½%; pricing expected Thursday.

OMNOVA SOLUTIONS INC.: $165 million senior secured notes due 2010 (B2/BB/BB); Deutsche Bank; Rule 144A; non-callable for four years; to repay revolver borrowings and terminate receivables sale program; Fairlawn, Ohio specialty chemical company; roadshow May 9-16; price talk 11%-11 ¼%; pricing Thursday.

SPECTRASITE INC.: $150 million senior notes due 2010 (B3); Lehman Brothers, Citigroup (joint); Rule 144A; non-callable for three years; Cary, N.C.-based communications tower operator; proceeds to repay bank debt; roadshow May 9-16.

TERRA CAPITAL INC.: $200 million of second priority senior secured notes due 2010 (Caa1/B); Citigroup; Rule 144A; non-callable for four years; to repay 10½% senior notes due 2005; roadshow May 14-16; pricing May 16.

WEEK OF MAY 19

APOGENT TECHNOLOGIES INC.: $250 million senior subordinated notes due 2013 (Ba2/BB+); Lehman Brothers; Rule 144A; non-callable for five years; to help repurchase up to 15 million shares; Portsmouth, N.H. manufacturer of clinical diagnostic and life science research products; roadshow starts May 14; pricing during the week of May 19.

ADVANCED ACCESSORY SYSTEMS LLC: $150 million guaranteed senior notes due 2011 (B2); Deutsche Bank Securities (books), Credit Suisse First Boston (joint lead); Rule 144A; non-callable for four years; to help fund LBO of company from JP Morgan Partners by Castle Harlan, including repayment of $125 million of 9¾% guaranteed senior subordinated notes; Sterling Heights, Mich.-based automotive parts maker; roadshow started May 12; to price May 20.

HAYES LEMMERZ INTERNATIONAL, INC.: $225 million senior notes due 2010 (expected ratings B1/B+); Citigroup, Lehman Brothers (joint); Rule 144A; non-callable for three years; part of Chapter 11 exit financing; Northville, Mich.-based auto parts supplier; roadshow starts May 13; pricing May 20.

EL PASO PRODUCTION HOLDING CO.: $1.2 billion senior notes due 2013; Credit Suisse First Boston, Citigroup (joint), Banc of America Securities, Deutsche Bank Securities, Lehman Brothers, Scotia Capital (co's); Rule 144A; non-callable for five years; to repay $1.2 billion of intercompany obligation to El Paso incurred in retirement of Trinity River financing; roadshow May 15-20; pricing expected on May 20.

HARD ROCK HOTEL INC.: $140 million second lien notes due 2013 (B); Banc of America Securities (books); Rule 144A; non-callable for five years; to repay all outstanding debt, including the tender/consent for $120 million 9¼% senior subordinated notes due 2005, and pay a $15 million dividend; company owns and operates the Hard Rock Hotel & Casino in Las Vegas; to be marketed with investor conference calls; pricing expected early in the week of May 19.

RENT-WAY, INC.: $215 million senior secured notes due 2010; Citigroup; Rule 144A; non-callable for four years; to help repay bank debt; Erie, Pa. rental-purchase store operator; roadshow May 13 through May 21.

HUNTSMAN LLC: $250 million of senior notes due 2010 (B3/B); Deutsche Bank Securities, Credit Suisse First Boston; Rule 144A; noncallable for four years; Salt Lake City-based co. manufactures products for the chemicals, plastics, detergent, personal care, rubber and packaging industries; roadshow May 15-21.

LAIDLAW, INC.: $400 million senior notes due 2011 (B2/B+); Citigroup, Credit Suisse First Boston (joint); non-callable for four years; Rule 144A; part of Chapter 11 exit financing; Burlington, Ont. bus and health care transportation provider; roadshow starts May 13; pricing expected May 22.

PLIANT CORP.: $250 million senior secured notes due 2009; JP Morgan, Deutsche Bank Securities (joint), Credit Suisse First Boston; Rule 144A; non-callable for three years; to repay borrowings under credit facilities; packaging company headquartered in Schaumburg, Ill.; roadshow starts May 15; pricing May 22.

ALON USA: $150 million of senior notes due 2011; Merrill Lynch, Credit Suisse First Boston; Rule 144A; non-callable for four years; to refinance debt and for general corporate purposes; refiner/marketer of petroleum products; roadshow May 14-22; pricing expected May 22.

RHODIA: €700 million equivalent senior subordinated notes in dollars and euros due 2011; Goldman Sachs, Bear Stearns, BNP Paribas (joint); Rule 144A/Regulations S; to repay short-term debt; French specialty chemicals manufacturer; roadshow started week of May 5, pricing during week of May 19.

VERTIS INC.: $250 million add-on to its 10 7/8% senior notes due June 15, 2009 (B3/B-); Deutsche Bank Securities, JP Morgan (joint); Rule 144A; callable on June 15, 2006 at 105.4375, 102.7188, par on June 15, 2008 and thereafter; equity clawback: Until June 15, 2005 for 35% at 110.875; to repay debt; Baltimore-based provider of integrated marketing services; roadshow starts May 13; pricing during week of May 19.

WEEK OF MAY 26

TRANSMONTAIGNE INC.: $200 million senior subordinated notes due 2010; UBS Warburg (books), Wachovia Securities, BNP Paribas, SG Cowen (co's); Rule 144A; callable with a make-whole call for the first four years then at a premium; to repay existing term loan; Atlanta/Denver-based company provides integrated services to petroleum industry; roadshow starts May 15; pricing expected May 28.

MAY BUSINESS

PROVINCE HEALTHCARE CO.: $150 million senior subordinated notes due 2013; Merrill Lynch, Wachovia Securities (joint), Banc of America Securities, Citigroup (co's); registered; non-callable for five years; three-year equity clawback for 35%; to repay debt and for working capital and general corporate purposes, including future hospital acquisitions; expected to close in May.

http://www.sec.gov/Archives/edgar/data/1044942/000095014403006717/g82721e424b3.htm

RIVERWOOD HOLDING INC./GRAPHIC PACKAGING INTERNATIONAL CORP.: $1.5 billion financing in high yield bonds and bank debt; notes via 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.

SECOND QUARTER

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.

ON THE HORIZON

WACKENHUT CORRECTIONS CORP.: new debt; company also has committed financing from BNP Paribas that will involve a restructuring of the existing senior credit facility; to repurchase all 12 million shares of common stock held by Group 4 Falck A/S, its 57% majority shareholder for $132 million in cash; closing anticipated by the end of June 2003.

UNIVERSAL COMPRESSION HOLDINGS: senior notes; to help fund the tender for any and all of its $229.75 million outstanding 9 7/8% senior discount notes due 2008, Lehman Brothers sole dealer-manager; offer expires June 11, 2003; natural gas compression services company headquartered in Houston.

ROADSHOWS

Started early in the week of May 5: RHODIA €700 million equivalent; Goldman Sachs, Bear Stearns, BNP Paribas; Rule 144A/Regulation S; 8NC4

May 9-16: SPECTRASITE INC.: $150 million senior notes due 2010; Lehman Brothers, Citigroup (joint)

May 13-21: RENT-WAY, INC.: $215 million; Citigroup

Started May 12: ADVANCED ACCESSORY SYSTEMS LLC $150 million; Deutsche Bank Securities; Rule 144A; 8NC4

Started May 13: LAIDLAW, INC.: $400 million senior secured notes due 2011; Citigroup and Credit Suisse First Boston

Started May 13: HAYES LEMMERZ INTERNATIONAL, INC. $225 million; Citigroup, Lehman Brothers; Rule 144A; 7NC3

Started May 13: VERTIS INC.: $250 million; Deutsche Bank Securities, JP Morgan; Rule 144A add-on to 10 7/8% notes due June 15, 2009

May 14-16: TERRA CAPITAL INC.: $200 million; Citigroup; Rule 144A; 7NC4

May 14-22: ALON USA $150 million; Merrill Lynch, Credit Suisse First Boston; Rule 144A; 8NC4

Started May 14: APOGENT TECHNOLOGIES INC. $250 million; Lehman Brothers; Rule 144A; 10NC5

Starts May 15: TRANSMONTAIGNE INC. $200 million; UBS Warburg; Rule 144A; 7NC4

Starts May 15: PLIANT CORPORATION $250 million; JP Morgan, Deutsche Bank Securities; Rule 144A; 6NC3

May 15-20: EL PASO PRODUCTION HOLDING CO. $1.2 billion; Credit Suisse First Boston, Citigroup; Rule 144A; 10NC5

May 15-21: HUNTSMAN LLC $250 million; Deutsche Bank Securities, Credit Suisse First Boston; Rule 144A; 7NC4

RECENT SHELF FILINGS WITH THE SEC:

OMI CORP.: $250 million shelf filed May 13 for debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Stamford Conn. oil and petroleum shipping transportation company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1061571/000095012703000487/a1026739.txt

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