High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $6.03 billion

WEEK OF JUNE 23

MOBILE MINI, INC.: $150 million of senior notes due 2013 (B2/BB-); Deutsche Bank Securities, CIBC World Markets (joint), JP Morgan, Fleet Securities (co's); Rule 144A; non-callable for five years; to repay a portion of approximately $222 million revolver debt and pay related interest rate swap unwind fees; portable storage company based in Tempe, Ariz.; roadshow June 12-20; price talk 9½%-9¾%; pricing Monday.

HUNTSMAN ADVANCED MATERIALS: $345 million senior secured notes due 2008 (B2/B); Deutsche Bank Securities, UBS Investment Bank; Rule 144A; to repay debt and fund acquisition of Vantico SA; roadshow started June 12; price talk 11%-11 ¼%; expected to price late Monday.

DANKA BUSINESS SYSTEMS PLC: $175 million senior notes due 2010 (B2/B+); Bear Stearns; Rule 144A; to repay credit facility, to redeem zero-coupon senior subordinated notes due 2004 and for general corporate purposes; St. Petersburg, Fla. document services provider; price talk 11%-11¼%; pricing Monday.

GERDAU AMERISTEEL CORP.: $400 million senior notes due 2011 (B2/B+); JP Morgan, Banc of America Securities (joint), CIBC World Markets (co); Rule 144A; non-callable for four years; also $350 million credit facility; to repay debt; Toronto minimill steel producer; price talk 10% area; pricing Monday.

AVIALL, INC.: $200 million; senior notes due 2011 (B1); Citigroup (books), Credit Suisse First Boston, Wachovia Securities (co-leads); Rule 144A; non-callable for four years; to redeem 14% senior notes due 2007 and reduce bank debt; Dallas provider of aftermarket supply-chain management services for aviation and marine industries; roadshow June 17-24; price June 24.

ALARIS MEDICAL INC.: $200 million senior subordinated notes due 2011 (B3/B-); Bear Stearns, Citigroup, UBS Investment Bank (joint), CIBC World Markets, Jefferies & Co. (co's); off the shelf; non-callable for four years; three year equity clawback for 35%; to repurchase existing debt and general corporate purposes; San Diego company develops solutions for medication safety; roadshow June 13-25.

http://www.sec.gov/Archives/edgar/data/817161/000104746903020972/a2112641z424b2.htm

BALLY TOTAL FITNESS HOLDING CORP.: $200 million senior notes due 2011 (B2/B); Deutsche Bank Securities; non-callable for four years; to repay debt; Chicago fitness center operator; roadshow June 18-26; pricing June 26.

WORLDSPAN LP: $315 million senior notes due 2011 (B-); Lehman Brothers, Deutsche Bank Securities (joint); Rule 144A; non-callable for four years; also $150 million credit facility; to help fund the LBO from three airline owners; Atlanta travel technology resource; roadshow started June 16; expected to price mid-week during the week of June 23.

WACKENHUT CORRECTIONS CORP.: $150 million senior unsecured notes due 2013 (B1/B); BNP Paribas, Lehman Brothers (joint); Rule 144A/Regulation S; non-callable for five years; to help fund repurchase of 12 million shares of common stock from Group 4 Falck A/S and to refinance existing credit facility; Palm Beach Gardens, Fla.-based privatized correctional management services provider; roadshow started late in week of June 16; expected to price during week of June 23.

MOBIFON HOLDINGS B.V.: $230 million senior notes due 2009 (CCC+); Goldman Sachs (books), Lazard (co); Rule 144A; non-callable for three years; with 1.5 years of interest to be held in escrow; to repay intercompany loans from ClearWave NV; subsidiary of Telesystem International Wireless Inc. provides cellular telephone services in Romania; roadshow began June 18; pricing during the week of June 23.

MERISANT CO.: $200 million senior subordinated notes due 2013 (B); Credit Suisse First Boston; Rule 144A; non-callable for five years; to refinance debt and make a dividend payment; Chicago-based processor, packager, and marketer of low-calorie tabletop sweeteners; roadshow started June 18; pricing week of June 23.

RELIANT RESOURCES, INC.: $350 million senior secured notes due 2010 (B1/B+); Banc of America Securities, Goldman Sachs, Deutsche Bank Securities, Barclays Capital (joint); Rule 144A; non-callable for four years; to repay debt under existing credit facility; Houston provider of electricity and energy services; expected to price mid-to-late during week of June 23.

VOUGHT AIRCRAFT INDUSTRIES, INC.: $250 million senior notes due 2011 (B2/B); Lehman Brothers, Goldman Sachs (joint), Credit Suisse First Boston (co); Rule 144A; non-callable for four years; to fund acquisition of Aerostructures Corp., repay Aerostructures' existing credit facilities, prepay debt under Vought's credit facilities and for general corporate purposes; Dallas-based independent supplier of aerostructures; roadshow started June 19; pricing late in week of June 23.

DIGITALNET, INC.: $125 million senior notes due 2010 (B2/B); Banc of America Securities (books), Jefferies (co); Rule 144A; non-callable for four years; to repay bank debt; Herndon, Va. provider of information and communications technology services to U.S. military and other government agencies; roadshow started June 19; pricing expected late in week of June 23.

PETROBRAS INTERNATIONAL FINANCE CO.: $500 million senior notes due 2013; Bear Stearns, Deutsche Bank Securities (joint); off-the-shelf; non-callable; for general corporate purposes and to repay trade-related debt; subsidiary of Rio de Janeiro, Brazil-based integrated oil and gas company Petróleo Brasileiro SA; roadshow June 23-26; pricing June 26-27.

PG&E CORP.: $600 million senior secured notes due 2008; Lehman Brothers (books) with co-managers likely to emerge; non-callable for three years; Rule 144A; to refinance credit facility; San Francisco-based energy company; roadshow starts June 24; pricing June 27.

AVONDALE MILLS, INC.: $150 million senior subordinated notes due 2013; Wachovia Securities; Rule 144A/Regulation S; to redeem 10¼% senior subordinated notes due 2006 for $127.1 million plus interest, repay debt under existing revolver and for general corporate purposes; Monroe, Ga. vertically-integrated textile manufacturer; roadshow starts June 23; pricing late in week of June 23.

MOHEGAN TRIBAL GAMING AUTHORITY: senior subordinated financing; Banc of America Securities and Citigroup dealer managers on tender for $300 million of 8¾% senior subordinated notes due 2009; quick-to-market transaction anticipated during week of June 23.

NEW WORLD RESTAURANT GROUP, INC.: $160 million senior secured notes due 2008 (B3/B-); Jefferies & Co.; Rule 144A; to repay debt including senior secured increasing-rate notes due June 2006; Hamilton, N.J. restaurant operator; price talk 12½% plus or minus 25 basis points.

WEEK OF JUNE 30

JACUZZI BRANDS, INC.: $370 million senior secured notes due 2010 (B3/B); Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for four years; to help repay debt under existing credit facilities and redeem 7 1/8% senior notes due 2003, 11¼% senior notes due 2005 and 7¼% senior notes due 2006; West Palm Beach, Fla. manufacturer and distributor of bath and plumbing products; roadshow started June 20; pricing expected June 30.

TEKSID SPA: €250 million in two tranches (dollars and euros) of senior notes due 2011; 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 to begin during week of June 23, U.S. roadshow to follow; pricing expected during week of June 30.

JUNE BUSINESS

HEIDELBERGCEMENT AG: €600 million senior notes due 2010 (existing ratings Ba1/BB+); Deutsche Bank Securities, Citigroup, Royal Bank of Scotland (joint); Rule 144A/Regulation S; non-callable for four years; to refinance debt; premarketing began June 11; roadshow starts June 23.

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.

SECOND QUARTER

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.

JULY BUSINESS

MEDCO HEALTH SOLUTIONS, INC.: $500 million senior notes due 2013; 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.

http://www.sec.gov/Archives/edgar/data/1170650/000119312503008107/ds1a.htm

ON THE HORIZON

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

MORTON'S RESTAURANT GROUP: $100 million (face), $85 million (proceeds) senior secured notes due 2010 (B2/B); Jefferies & Co.; New Hyde Park, N.Y. restaurant owner-operator

ROADSHOWS

June 13-25: ALARIS MEDICAL INC. $200 million; Bear Stearns, Citigroup, UBS Investment Bank; off-the-shelf; 8NC4

Started June 16: WORLDSPAN LP $315 million; Lehman Brothers, Deutsche Bank Securities; 8NC4

Underway June 17: RELIANT RESOURCES, INC. $350 million; Banc of America Securities, Goldman Sachs, Deutsche Bank Securities, Barclays Capital; Rule 144A; 7-year maturity

June 17-24: AVIALL, INC. $200 million; Credit Suisse First Boston, Wachovia Securities; Rule 144A; 8NC4

June 18-26: BALLY TOTAL FITNESS HOLDING CORP. $200 million; Deutsche Bank Securities; 8NC4

Started June 18: VOUGHT AIRCRAFT INDUSTRIES, INC. $250 million; Lehman Brothers, Goldman Sachs; Rule 144A; 8NC4

Started June 18: MOBIFON HOLDINGS B.V. $233 million; Goldman Sachs; Rule 144A; 6NC3

Started June 18: MERISANT CO. $200 million; Credit Suisse First Boston; Rule 144A; 10NC5

Started June 19: DIGITALNET, INC. $125 million; Banc of America Securities; Rule 144A; 7NC4

Started June 20: JACUZZI BRANDS, INC. $370 million; Credit Suisse First Boston; Rule 144A/Regulation S; 7NC4

Started late in week of June 16: WACKENHUT CORRECTIONS CORP. $150 million; BNP Paribas, Lehman Brothers; Rule 144A/Regulation S; 10NC5

June 23-26: PETROBRAS INTERNATIONAL FINANCE CO. $500 million; Bear Stearns, Deutsche Bank Securities; public; 10NC

Starts June 23: HEIDELBERGCEMENT AG €600 million; Deutsche Bank Securities, Citigroup, Royal Bank of Scotland; Rule 144A/Regulation S; 7NC4

Starts June 23: AVONDALE MILLS, INC. $150 million; Wachovia Securities; Rule 144A/Regulation S; 10-year maturity

Starts June 24: PG&E CORP. $600 million; Lehman Brothers; Rule 144A; 5NC3

Starts in Europe week of June 23, U.S. to follow: TEKSID S.P.A. euro 250 million; JP Morgan; 8NC4

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

RECENT SHELF FILINGS WITH THE SEC

SMITHFIELD FOODS, INC.: $750 million shelf filed June 20 for common shares, preferred shares, depositary shares, warrants, senior debt securities, subordinated debt securities, trust preferred securities, stock purchase contracts and stock purchase units; securities may be issued as convertibles; Smithfield, Va. pork and beef processor will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/91388/000095016803002183/ds3.htm

XTO ENERGY INC.: $1 billion shelf filed June 20 for debt securities, preferred stock, common stock and warrants; securities may be issued as convertibles; Fort Worth, Texas independent energy company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/868809/000119312503011696/ds3.htm

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