High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $4.548 billion

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; price talk 9¼%-9½%; pricing Thursday.

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; price talk 10¼%-10½%; pricing Thursday afternoon.

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; price talk 10 5/8% area; pricing Friday.

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; price talk 9%-9¼%; pricing Friday.

http://www.sec.gov/Archives/edgar/data/1119639/000119312503012475/d424b2.htm

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.

MERISANT CO.: $200 million senior subordinated notes due 2013 (B2/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.

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.

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 started June 24; pricing June 27.

LNR PROPERTY CORP.: $250 million of senior subordinated notes due 2013; Citigroup, Credit Suisse First Boston (joint); Rule 144A/Regulation S; $216 million to redeem 9 3/8% senior subordinated notes due 2008 at 104.688, also to reduce secured and unsecured senior debt and for general corporate purposes; Miami-based REIT; roadshow started June 23; pricing Friday.

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.

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, expected to price early n the week of 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.

HEIDELBERGCEMENT AG: $708 million (equivalent) senior notes due 2010 (Ba1/existing BB+); Deutsche Bank Securities, Citigroup, Royal Bank of Scotland (joint); Rule 144A/Regulation S; non-callable for four years; to refinance debt; roadshow started June 23; pricing during the week of June 30

ORBITAL SCIENCES CORP.: $135 million of senior notes due 2011 (B+); Banc of America Securities (books), Jefferies (co); Rule 144A; to refinance $135 million outstanding 12% second priority secured notes due 2006; Dulles, Va. developer and manufacturer small space and missile systems for commercial, civil government and military customers; roadshow started June 25; expected to price middle of June 30 week.

JUNE BUSINESS

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.

WEEK OF JULY 7

ARDAGH GLASS: €175 million senior notes due 2013; BNP Paribas, Citigroup (joint); Rule144A/Regulation S; non-callable for five years; to refinance debt; Dublin, Ireland glass bottle manufacturer; European roadshow starts June 30, U.S. roadshow starts July 7; expected to price June 8.

JULY BUSINESS

MEDCO HEALTH SOLUTIONS, INC.: $500 million senior notes due 2013 (Ba1/BBB); 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.

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

ROCKWOOD SPECIALTIES GROUP INC.: $375 million senior subordinated notes due 2011 (B-); Rule 144A; also $535 million senior secured bank facilities; co. pulled $295 million equivalent 10-year deal, via Merrill Lynch and J.P. Morgan during Summer 2001.

ROADSHOWS

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

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

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

Started June 23: LNR PROPERTY CORP. $250 million; Citigroup, Credit Suisse First Boston (joint); Rule 144A/Regulation S; 10-year maturity

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

Started June 25: ORBITAL SCIENCES CORP. $135 million; Banc of America Securities; Rule 144A; 8-year maturity.

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

Starts June 30 in Europe, July 7 in U.S.: ARDAGH GLASS euro 175 million; BNP Paribas, Citigroup; Rule144A/Regulation S; 10NC5

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

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