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Total amount of dollar-denominated high-yield bond offerings being marketed: $920 million
WEEK OF MARCH 17
SWIFT & CO.: $150 million 12½% senior subordinated notes due 2010 (B2/B); Salomon Smith Barney, JP Morgan (joint); Rule 144A; callable on Oct. 1, 2006 at 106.25, one year later at 103.125, par on Oct. 1, 2008 and thereafter; to be sold by ConAgra Foods Inc., no proceeds to Swift; price talk 100-101.
UNIVERSAL CITY DEVELOPMENT: $500 million senior notes due 2010 (B2/B-); JP Morgan, Banc of America Securities (joint), Credit Suisse First Boston, Scotia Capital, Wachovia Securities (co's); Rule 144A; non-callable for four years; to repay debt; entertainment firm based in Orlando, Fla.; roadshow started March 11.
BARNEY'S, INC.: $100 million (face) $90 million (proceeds) senior secured notes due 2008 (B3); Jefferies; Rule 144A; to repay debt and pay deferred rent obligations; wholly owned subsidiary of Barney's New York, Inc.; roadshow started March 10; pricing late in the week of March 17.
WEEK OF MARCH 24
DAN RIVER INC.: $150 million senior notes due 2009 ((P)B3/B-); Deutsche Bank Securities; Rule 144A/Regulation S; non-call life; to repay debt; Danville, Va.-based fabric maker; roadshow March 18-27.
FIRST 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 company develops, produces and transports oil and natural gas in the Appalachian Basin.
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, 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
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.
ROADSHOWS
March 19-27: DAN RIVER INC. $150 million; Deutsche Bank Securities; Rule 144A; 6 year maturity
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