High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $2.72 billion

RAYOVAC CORP.: $300 million senior subordinated notes due 2013 (B3/B-); Banc of America Securities (books), Citigroup (co); Rule 144A; non-callable for five years; to help finance Rayovac's acquisition of Remington Products Co. and retire Remington debt; Madison, Wis.-based battery and lighting device company; price talk 8½%-8¾%; expected to price mid-day Thursday.

LEVEL 3 COMMUNICATIONS, INC: $500 million senior notes due 2011 (CCC-); Citigroup, Credit Suisse First Boston (joint), UBS Investment Bank, JP Morgan, Morgan Stanley (co's); Rule 144A; non-callable for four years; proceeds, along with cash on hand, to repay $1.125 billion credit facility; Broomfield, Colo.-based information and communications company; roadshow Sept. 23-25; pricing expected Sept. 26.

MAJESTIC STAR CASINO LLC/MAJESTIC STAR CAPITAL CORP.: $270 million senior secured notes due 2010 (B expected/B2 confirmed); Jefferies & Co.; Rule 144A; non-callable for four years; three-year equity clawback; also $80 million four-year senior secured credit facility; to fund tender for notes; Gary, Ind.-based gaming company.

CHEVY CHASE BANK: $100 million: four million perpetual preferred shares for $25 par (expected B+); Friedman Billings Ramsey, Legg Mason; to redeem outstanding 13% non-cumulative preferred shares; price talk 8%-8½%; marketed via Sept. 16 conference call; price talk 8%-8¼%.

WEEK OF SEPT. 29

EMI GROUP PLC: €300 million senior notes due 2013 (Ba1/BBB-); Royal Bank of Scotland; Barclays Capital, Citigroup (joint); Rule 144A/Regulation S (with no registration rights); non-callable for five years; to refinance existing debt; London-based recording company; Europe and U.S. roadshows start Sept. 19 (one day U.S. presentation); price talk 8¾%-9%; pricing Monday.

KOPPERS INC.: $300 million senior secured notes due 2013 (B2/B); Credit Suisse First Boston; Rule 144A; to redeem 9 7/8% senior subordinated notes due 2007, repay part of credit facility and pay dividend to shareholders; Pittsburgh-based producer of carbon compounds and treated wood products; roadshow started Sept. 19; expected to price early in Sept. 29 week.

IMCO RECYCLING: $200 million senior secured notes due 2010 (B3/B-); JP Morgan (books) Citigroup, PNC (co's); Rule 144A; non-callable for four years; to repay debt; Irving, Tex.-based recycler of aluminum and zinc; roadshow started Sept. 23; pricing expected Oct. 1

ASPROPULSION CAPITAL BV: €200 million senior notes due 2013 (B2); Lehman Brothers, Citigroup, Goldman Sachs (joint); Rule 144A/Regulation S; callable with a T+50 make-whole call for first five years; to help fund LBO of FiatAvio SpA aviation engine business by The Carlyle Group; expected to price during week of Sept. 29.

VIDEOTRON LTEE. $325 million senior notes due January 15 2014; Banc of America Securities, Citigroup (joint); RBC, Scotia Capital, TD Securities, Harris Nesbitt, Credit Suisse First Boston, CIBC World Markets, NBF Securities; Rule 144A; non-callable for six years; also C$368 million credit facility; to refinance bank debt; Montreal-based Canadian cable television operator; roadshow starts Sept. 25; pricing Oct. 2 or 3.

PARKER DRILLING CO.: $175 million senior notes due 2013 (B-); Lehman Brothers, Deutsche Bank Securities (joint); Rule 144A/Regulation S; non-callable for five years; also new $150 million senior secured credit facility; to repay 5½% percent convertible subordinated notes due 2004, fund tender for $214.2 million outstanding 9¾% senior notes due 2006; Houston-based provider of contract drilling and drilling-related services; roadshow Sept 30-Oct. 2; pricing Oct. 3.

SEPTEMBER BUSINESS

DRS TECHNOLOGIES: $350 million bonds and bank financing (B2/B); Bear Stearns, Wachovia Securities; to help fund acquisition of Integrated Defense Technologies; defense electronics supplier based in Parsippany, N.J.; anticipated interest rate 7½%-8% on bonds.

ON THE HORIZON

BEVERLY ENTERPRISES, INC.: $100 million subordinated notes (/B/B+); primarily to pay debt, including but not limited to $180 million senior notes due 2006; Fort Smith, Ark. healthcare services provider to elderly.

THE SCOTTS CO.: $200 million in senior subordinated notes (B+); JP Morgan; also $1.2 billion credit facility; to fund tender for 8 5/8% senior subordinated notes due 2009, Citigroup and Banc of America Securities dealer managers; Marysville, Ohio company makes consumer products for lawn and garden care; consent solicitation expires Sept. 29.

IFCO SYSTEMS NV: €110 million eurobond due 2010; Deutsche Bank Securities; Rule 144A; to refinance existing debt; Amsterdam-based company.

QUALITY DISTRIBUTION, LLC: $125 million unsecured notes; part of financing that also includes $115 million IPO of common stock via Credit Suisse First Boston, Bear Stearns, Deutsche Bank Securities and $215 million credit facility; to repay existing credit facility, redeem 12½% senior subordinated secured notes, 10% senior subordinated notes and 12% junior PIK notes; Tampa, Fla. transportation company.

STATION CASINOS, INC.: senior subordinated notes to fund tender for $199 million 8 7/8% senior subordinated notes due 2008, Banc of America Securities and Deutsche Bank Securities, dealer managers; consent deadline Sept. 17.

VON HOFFMAN CORP.: $60 million to either 2007- or 2009-maturing notes; Credit Suisse First Boston; to help fund acquisition Lehigh Press, Inc.; St. Louis-based educational and commercial printer.

RESOURCE AMERICA, INC.: $30 million of 12% 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/83402/000095011603002731/s-3a.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.

SEAT PAGINE GIALLE: €1.2 billion bonds; to help fund €6 billion LBO by BC Partners, CVC, Investitori Associati and Permira

PINNACLE FOODS CORP.: high yield bonds; Deutsche Bank Securities, JP Morgan; also senior secured credit facility; to fund $485 million acquisition by JPMorgan Partners and C. Dean Metropoulos, from Hicks, Muse, Tate & Furst Inc.; expected to launch after Labor Day

MB TECH, INC.: high-yield non-convertible bond; to acquire the U.S. and German operating subsidiaries of Willtek, Inc. (Korea); Los Angeles-based manufacturer and distributor of satellite components.

EMERGING MARKETS CORPORATE OFFERINGS

KOREA EXCHANGE BANK CREDIT SERVICE CO. LTD. $100-$150 million of subordinated fixed-rate notes with warrants units (B3/CCC+); Credit Suisse First Boston; roadshow and pricing expected during week of Sept. 22.

BAVARIA: $500 million in bonds; Citigroup, ABN Amro; to refinance debt; Columbian brewer; to be marketed in U.S. and Europe.

SATELLITES MEXICANOS SA DE CV: $80 million floating-rate notes.

ROADSHOWS

Started Sept. 19: KOPPERS INC. $300 million; Credit Suisse First Boston; Rule 144A; 10-year

Sept. 22 week: KOREA EXCHANGE BANK CREDIT SERVICE CO. LTD. $100-$150 million; Credit Suisse First Boston

Sept. 22 week: ASPROPULSION CAPITAL BV: €200 million; Lehman Brothers, Citigroup, Goldman Sachs; Rule 144A/Regulation S; 10NC5

Started Sept. 23: IMCO RECYCLING $200 million; JP Morgan; Rule 144A; 7NC4

Sept. 23-25: LEVEL 3 COMMUNICATIONS, INC $500 million; Citigroup, Credit Suisse First Boston; Rule 144A; 8NC4

Starts Sept. 25: VIDEOTRON LTEE. $325 million; Banc of America Securities, Citigroup; Rule 144A; 11NC6

Sept. 30-Oct. 2: PARKER DRILLING CO. $175 million; Lehman Brothers, Deutsche Bank Securities; Rule 144A/Regulation S; 10NC5

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