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Published on 1/7/2003 in the Prospect News High Yield Daily.

Total amount of scheduled dollar-denominated high-yield bond offerings is $325 million

WEEK OF JAN. 13

AMERICAN MEDIA INC.: $150 million senior subordinated notes due 2011 (eight year) (B2/B-); JP Morgan (books), Bear Stearns (co); Rule 144A; non-callable for four years; to fund acquisition of Weider Publications; Boca Raton, Fla.-based publisher of National Enquirer, Star, Weekly World News, other newspapers and magazines; roadshow starts Jan. 9; pricing expected Jan. 16.

REMINGTON ARMS CO. INC.: $175 million senior notes due 2011 (B2); Credit Suisse First Boston (books), Goldman Sachs, Wachovia Securities (co's); Rule 144A; non-callable for four years; to fund recapitalization; Madison, N.C. sporting goods company, roadshow starts Jan. 8; pricing Jan. 17

2003 FIRST QUARTER

LEGRAND, SA: €600 million equivalent 10-year notes in euro and dollar tranches; Credit Suisse First Boston, Lehman Brothers (joint books), RBS (co); non-callable for five years; to partially fund LBO by Kohlberg Kravis Roberts & Co. LP and Wendel Investissement from Schneider Electric SA; Limoges, France electrical distribution and industrial control and automation services; expected during the first quarter of 2003.

TRW AUTOMOTIVE: over $1 billion in high yield notes; JP Morgan, Lehman Brothers, Deutsche Bank Securities; $3.257 billion in financing including approximately 40% high-yield notes and approximately 60% bank loans; to help fund $4.725 billion acquisition of the company by the Blackstone Group; Livonia, Mich. supplier of automotive components; expected during first quarter of 2003.

DOLE FOOD CO.: Up to $450 million of bonds to help fund leveraged buyout by DHM Acquisition Co. vehicle of company chairman David H. Murdock; with up to $1.15 billion of senior secured credit facilities via Deutsche Bank, Scotia Capital and Bank of America; Westlake Village, Calif. fresh fruit, vegetables and flowers company.

TRUMP CASINO HOLDINGS, LLC/TRUMP CASINO FUNDING, INC.: $470 million mortgage notes due 2011; Credit Suisse First Boston, Deutsche Bank Securities (books), UBS Warburg (co); Rule 144A; to refinance debt; gaming firm; possible January business.

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

AMERIPATH INC.: new high yield issuance; Credit Suisse First Boston and Deutsche Bank; also $375 million credit facility; to help fund the merger with Amy Acquisition Corp., a corporation formed by Welsh, Carson, Anderson & Stowe to be completed before April 30, 2003. The transaction is valued at approximately $839.4 million; Riviera Beach, Fla. provider of cancer diagnostics, genomic, and related information services; anticipated first quarter of 2003.

WILLIAM LYON HOMES: $200 million senior notes due 2012 (B3); UBS Warburg (books), Salomon Smith Barney (co); registered; non-callable for five years; equity clawback; to repay debt including $71 million 12½% notes due 2003 (issued by The Presley Cos.); Newport Beach, Calif. homebuilder; will price during 2002 pending market conditions.

FISHER SCIENTIFIC INTERNATIONAL: Senior subordinated notes; Credit Suisse First Boston, Deutsche Bank Securities, JP Morgan; to refinance $600 million of 9% senior subordinated notes due 2008; wholesale distributor of scientific equipment based in Hampton, N.H.

MERIDIAN AUTOMOTIVE SYSTEMS, INC.: $250 million senior subordinated notes due 2012; Credit Suisse First Boston; Rule 144A, non-callable for five years; concurrent with $150 million IPO; to repay outstanding indebtedness; Dearborn, Mich. auto parts supplier.

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.

DOANE PET CARE: $200 million (approximately) senior notes (B-); JP Morgan; to repay existing debt; Brentwood, Tenn.-based private pet food company.

ROADSHOWS

Starts Jan. 8: REMINGTON ARMS CO. INC. $175 million; Credit Suisse First Boston; Rule 144A; 8NC4

Starts Jan. 9: AMERICAN MEDIA INC. $150 million; JP Morgan; Rule 144A; 8NC4

RECENT SHELF FILINGS

ACCREDO HEALTH, INC. (Symbol: ACDO): $500 million shelf filed Jan. 7 for debt securities, preferred stock, depositary shares, common stock and warrants; securities may be issued as convertibles; Memphis, Tenn. pharmacy services company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1068887/000095014403000153/0000950144-03-000153-index.htm

JARDEN CORP. (Symbol: JAH): $150 million shelf filed Jan. 7 for debt securities, preferred stock, common stock and warrants; securities may be issued as convertibles; Rye, N.Y. maker of home food preservation products will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/874601/000095013603000021/0000950136-03-000021-index.htm


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