High Yield Calendar

Total amount of high-yield bond offerings being marketed: $350 million

WEEK OF JUNE 26

MARKWEST ENERGY PARTNERS LP: $200 million 10-year senior notes (B2/B); RBC Capital Markets, JP Morgan, Wachovia Securities (joint books), A.G. Edwards, Credit Suisse, Fortis Securities, Mizuho International plc, Piper Jaffray & Co., Societe Generale (co's); Rule 144A with registration rights/Regulation S; non-callable for five years; Denver-based natural gas gathering and transmission company will use proceeds along with funds from a sale of 3 million common units to repay bank debt; price talk 8½% to 8¾%; pricing expected early Friday.

HEADWATERS INC.: $150 million 10-year senior subordinated notes (B3/B); Morgan Stanley (books), Canaccord Adams Inc., Stephens Inc., RBC Capital Markets, Wedbush Morgan Securities, Rule 144A with registration rights/Regulation S; South Jordan, Utah-based provider of products, technologies and services to the energy and construction materials industries; proceeds to repay bank debt; roadshow started June 21, pricing late June 26 week.

WEEK OF JULY 3

COALCORP MINING INC.: Dollar-denominated units comprised of $1,000 senior unsecured note maturing in five years and one day and 190 common share purchase warrants, deal size to be determined; GMP Securities, Canaccord Capital, Sprott Securities; securities regulatory authorities in Ontario, Manitoba, Alberta and British Columbia; to help fund investments in infrastructure projects in Colombia totaling $125 million; Toronto-based mining, exploration and development company with interests in the La Francia and La Caypa coal mines and related infrastructure projects and a number of coal exploration properties, all located in Colombia; roadshow started early June 26 week; pricing July 3 week.

ON THE HORIZON

ACE CASH EXPRESS INC.: $175 million of senior unsecured notes also $400 million credit facility; Bear Stearns lead on both; in connection with its leveraged buyout by JLL Partners Fund V, LP; Irving, Texas, retailer of financial services, including check cashing, short-term consumer loans, bill payment and prepaid debit card services; expected to close in the fourth quarter.

ARAMARK CORP.: $6.25 billion of debt financing to include senior and/or subordinated debt securities or, pending market conditions, an interim bridge facility, and/or a senior credit facility and/or an accounts receivable securitization facility; financing to be arranged by Goldman Sachs Credit Partners LP and J.P. Morgan Securities, Inc.; to fund the acquisition of the company by chairman and chief executive officer Joseph Neubauer together with funds managed by sponsors GS Capital Partners, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC; Philadelphia-based professional services company which provides food, hospitality, facility management services as well as uniform and work apparel.

GEORGIA GULF CORP.: Senior and senior subordinated high-yield bonds to help fund the acquisition of Royal Group Technologies Ltd.; lead banks Merrill Lynch, Bank of America, Lehman Brothers; Atlanta-based manufacturer of commodity chemicals, vinyl resins and vinyl compounds.

HANESBRANDS INC.: Senior unsecured notes; Rule 144A; also new senior secured credit facility; in part to pay a dividend to Sara Lee prior to the spinoff of the business into Hanesbrands including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra, which is expected to be completed between June and September; Winston-Salem, N.C.-based Hanesbrands will operate as a stand-alone, publicly traded, global apparel company.

INFOR GLOBAL SOLUTIONS: High-yield notes (Caa2) to refinance a $1.675 billion subordinated bridge facility; part of financing to help fund the acquisitions of Systems Union Group and SSA Global, finance the combination of Infor and Extensity - which are both currently Golden Gate Capital portfolio companies - and to refinance debt at all four companies; also $150 million revolving credit facility and a $2 billion first lien term loan; JP Morgan, Credit Suisse and Merrill Lynch are joint bookrunners and co-lead arrangers on the bank facility, with JPMorgan the left lead; Infor is an Alpharetta, Ga.-based software provider.

KERZNER INTERNATIONAL LTD.: $400 million unsecured senior subordinated discount notes (at operating company level); private placement; also $2.775 billion senior secured credit facility led by Deutsche Bank Securities and Goldman Sachs Credit Partners; to help fund its LBO by an investor group that's led by management; Paradise Island, The Bahamas, developer and operator of destination resorts, luxury resort hotels and gaming properties; LBO expected to close mid-2006.

KINDER MORGAN INC.: $14.5 billion of funded debt; likely Goldman Sachs; help fund proposed public-to-private buyout by management and equity investors; Houston-based energy infrastructure provider.

NEG INC. (to be renamed National Energy Group Inc.): $200 million senior notes; also $460 million common stock IPO via Bear, Stearns & Co., Citigroup; $125 million to repay a portion of NEG Oil & Gas revolver, $245 million to repay debt owed to American Real Estate Partners, LP (AREP) by National Energy Group, National Onshore and National Offshore, subsidiaries of NEG Oil & Gas, to fund $194 million distribution to AREP; independent oil and gas exploration, development and production company based in Dallas.

NTL CABLE PLC: $1 billion equivalent of new high-yield bonds in dollar-, euro- and sterling-denominated tranches; JP Morgan, Deutsche Bank, Goldman Sachs, The Royal Bank of Scotland; to refinance the £1.8 billion bridge facility incurred in connection with NTL's reverse acquisition of Telewest, which closed on March 3, 2006; subsidiary of London-based communications company, NTL Inc.; expected June business.

PET VALU CANADA INC.: C$15 million 10% two-year unsecured subordinated debentures; private placement; notes will come with a two-year extension available at the subscribers' option subject to a prepayment right on the part of Pet Valu Canada; the existing investors to whom Pet Valu Canada will be making the offer are the holders of its outstanding 8½% debentures due July 24, 2006, including Holtcorp Inc., a company controlled by Pet Valu Canada's chief executive officer, Geoffrey F. Holt; to retire maturing 8½% debentures; offering will be subject to Pet Valu Canada obtaining all required third party approvals; Markham, Ont., specialty retailers of pet food and pet supplies.

WEST CORP.: $3.2 billion to $3.3 billion (approximate) of new debt including high-yield bonds; Deutsche Bank Securities, Lehman Brothers; also new credit facility; to fund LBO of the company by an investor group Led by Thomas H. Lee Partners and Quadrangle Group in a deal that values the company at about $4.1 billion, including debt; Omaha, Neb.-based provider of outsourced communication solutions; transaction expected to close in the fourth quarter of 2006.

WOOD RESOURCES LLC/FINANCE CORP.: $75 million senior secured floating-rate notes due 2013 (B3/B-); Jefferies & Co. (books); Rule 144A/Regulation S; all existing and future domestic restricted subsidiaries will guarantee the notes on a senior secured basis; to repay substantially all outstanding debt and fund capital projects; Greenwich, Conn., company primarily produces plywood for specialized industrial markets as well as for the construction and residential repair and remodeling markets; price talk six-month Libor plus 750 basis points.

ROADSHOWS

Started early June 26 week: COALCORP MINING INC. Dollar-denominated notes and warrants, size to be determined; GMP Securities

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