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Published on 2/14/2003 in the Prospect News High Yield Daily.

Total amount of scheduled dollar-denominated high-yield bond offerings is $3.665 billion

WEEK OF FEBRUARY 17

FASTENTECH, INC.: $175 million senior subordinated notes due 2011 (B3/B-); JP Morgan, Lehman Brothers (joint books), Bank One Capital Markets (co); Rule 144A; to repay debt and settle interest rate swaps; Minneapolis manufacturer and marketer of specialized fastener systems; roadshow Feb. 5-13; price talk 11¼%-11 ½%.

THE OLD EVANGELINE DOWNS LLC: $110 million senior secured notes due 2010 (B-); Jefferies & Co.; Rule 144A; to help fund construction and development of pari-mutuel horse racetrack with slot machines, to refinance existing debt; Lafayette, La.-based subsidiary of Peninsula Gaming; roadshow Feb. 3-13.

CITGO PETROLEUM CORP.: $550 million senior notes due 2011 (B+); Credit Suisse First Boston (books), BNY Capital Markets, JP Morgan, SunTrust Robinson Humphries, SG Cowen (co's); Rule 144A; non-callable for four years; to fund dividend to parent to redeem bonds due 2003; roadshow started Monday; crude oil refiner headquartered in Tulsa, Okla.; price talk 11% area; pricing Feb. 19.

DOANE PET CARE: $200 million senior notes due 2010 (B2/B-); Credit Suisse First Boston, JP Morgan (joint books); Rule 144A; non-callable for four years; to repay a portion of senior credit facility and to repay sponsor facility in full; Brentwood, Tenn.-based private pet food company; full roadshow Feb. 11-20.

OAO GAZPROM: $1 billion notes due 2013; Dresdner Kleinwort Wasserstein, Morgan Stanley (joint books); Rule 144A; non-callable; repay short-term debt; Russian natural gas producer and exporter; Europe and U.S. roadshows during week of Feb. 17; probably will price during week of Feb 17.

ON SEMICONDUCTOR CORP: $200 million senior secured first priority notes due 2010 (B); Rule 144A Salomon Smith Barney, Credit Suisse First Boston (joint); Rule 144A; non-callable for four years; to prepay a portion of Semiconductor Components' senior bank facilities; Phoenix-based manufacturer of semiconductors and electronics components; roadshow Feb. 18-25; pricing Feb. 25.

WEEK OF FEBRUARY 24

DIRECTV HOLDING LLC: $1.4 billion of senior subordinated notes due 2013 (B); Deutsche Bank Securities, Banc of America Securities, Credit Suisse First Boston, Goldman Sachs, Salomon Smith Barney (joint); Rule 144A; non-callable for five years; to repay debt under existing credit facilities, to fund Hughes Electronics Corp.'s business plan through projected cash flow breakeven and for Hughes' other corporate purposes; El Segundo, Calif. digital satellite television service provider; roadshow started Wednesday; pricing week of Feb. 24

2003 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

MOORE CORP. LTD.: $400-$500 million notes; also $850 million credit facility lead by Deutsche Bank, Salomon Smith Barney and Morgan Stanley; to help fund $1.3 billion acquisition of Wallace Computer Services Inc.; first quarter business.

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, UBS Warburg (joint); Rule 144A; to refinance debt; gaming firm.

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.

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.

ROADSHOWS

Feb. 3-13: THE OLD EVANGELINE DOWNS LLC $110 million; Jefferies & Co.; Rule 144A; 10

Feb. 5-13: FASTENTECH, INC. $175 million; JP Morgan, Lehman Brothers; Rule 144A; 10

Started Feb. 10: CITGO PETROLEUM CORP. $550 million; Credit Suisse First Boston; Rule 144A; 8NC4

Started Feb. 12: DIRECTV HOLDING LLC $1.4 billion; Deutsche Bank Securities, Credit Suisse First Boston, Goldman Sachs, Salomon Smith Barney; Rule 144A; 10NC5

Feb. 11-20: DOANE PET CARE $200 million; Credit Suisse First Boston, JP Morgan; Rule 144A; 7NC4

Week of Feb. 17: OAO GAZPROM $1 billion; Dresdner Kleinwort Wasserstein, Morgan Stanley; Rule 144A; 10NC

Starts Feb. 18: ON SEMICONDUCTOR CORP. $200 million; Salomon Smith Barney, Credit Suisse First Boston; Rule 144A; 7NC4


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