High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $5.62 billion

WEEK OF MAY 19

INGLES MARKETS, INC.: $100 million add on to 8 7/8% senior subordinated notes due Dec. 1, 2011 (Ba3/B+ existing); Banc of America Securities, Wachovia Securities; Rule 144A; Callable on Dec. 1, 2006 at 104.438, 102.903, 101.369, par on Dec. 1, 2009; equity clawback until Dec. 1, 2004 for 35% at 108.875; to repay debt and general corporate purposes; Asheville, N.C.-based supermarket operator; pricing Tuesday afternoon.

EL PASO PRODUCTION HOLDING CO.: $1.2 billion senior notes due 2013 (B+); Credit Suisse First Boston, Citigroup (joint), Banc of America Securities, Deutsche Bank Securities, Lehman Brothers, Scotia Capital (co's); Rule 144A; non-callable for five years; to repay $1.2 billion of intercompany obligation to El Paso incurred in retirement of Trinity River financing; price talk 7½%-7¾%; pricing Tuesday.

RHODIA: €1 billion (equivalent) in two dollar tranches and two euro tranches; Goldman Sachs, Bear Stearns, BNP Paribas (joint); Rule 144A/Regulations S: €400 billion (equivalent) senior notes due 2010 (Ba2/BB), non-callable for four years, dollar-denominated notes price talk 7 3/8%-7 5/8%, euro-denominated notes 37.5 basis points area behind the dollar notes; €600 (equivalent) senior subordinated notes due 2011 (Ba3/BB-), non-callable for four years, dollar-denominated notes price talk 150 basis points area behind the dollar-denominated senior notes, euro-denominated subordinated tranche price talk 37.5 basis points area behind the dollar-denominated senior subordinated tranche; to repay short-term debt and for general corporate purposes; French specialty chemicals manufacturer; roadshow started week of May 5, pricing Tuesday.

ADVANCED ACCESSORY SYSTEMS LLC: $150 million guaranteed senior notes due 2011 (B2); Deutsche Bank Securities (books), Credit Suisse First Boston (joint lead); Rule 144A; non-callable for four years; to help fund LBO of company from JP Morgan Partners by Castle Harlan, including repayment of $125 million of 9¾% guaranteed senior subordinated notes; Sterling Heights, Mich.-based automotive parts maker; price talk 10¾%-11%; pricing Tuesday.

HARD ROCK HOTEL INC.: $140 million second lien notes due 2013 (B3/B); Banc of America Securities (books); Rule 144A; non-callable for five years; to repay all outstanding debt, including the tender/consent for $120 million 9¼% senior subordinated notes due 2005, and pay a $15 million dividend; company owns and operates the Hard Rock Hotel & Casino in Las Vegas; price talk 8 7/8% area; pricing Tuesday morning.

APOGENT TECHNOLOGIES INC.: $250 million senior subordinated notes due 2013 (Ba2/BB+); Lehman Brothers; Rule 144A; non-callable for five years; to help repurchase up to 15 million shares; Portsmouth, N.H. manufacturer of clinical diagnostic and life science research products; roadshow started May 14; pricing during the week of May 19.

HAYES LEMMERZ INTERNATIONAL, INC.: $225 million senior notes due 2010 (expected ratings B1/B+); Citigroup, Lehman Brothers (joint); Rule 144A; non-callable for three years; part of Chapter 11 exit financing; Northville, Mich.-based auto parts supplier; roadshow started May 13; pricing May 20.

NORAMPAC INC.: $250 million senior notes due 2013 (Ba2); Deutsche Bank Securities, CIBC World Markets (joint); Rule 144A; non-callable for five years; to refinance debt and call existing notes; Canadian producer of corrugated packaging and containerboard; roadshow May 19-20.

RENT-WAY, INC.: $215 million senior secured notes due 2010; Citigroup; Rule 144A; non-callable for four years; to help repay bank debt; Erie, Pa. rental-purchase store operator; roadshow May 13 through May 21.

HUNTSMAN LLC: $250 million of senior notes due 2010 (B3/B-); Deutsche Bank Securities, Credit Suisse First Boston; Rule 144A; noncallable for four years; Salt Lake City-based company manufactures products for the chemicals, plastics, detergent, personal care, rubber and packaging industries; roadshow May 15-21.

LAIDLAW, INC.: $400 million senior notes due 2011 (B2/B+); Citigroup, Credit Suisse First Boston (joint); non-callable for four years; Rule 144A; part of Chapter 11 exit financing; Burlington, Ont. bus and health care transportation provider; roadshow started May 13; pricing expected May 22.

PLIANT CORP.: $250 million senior secured notes due 2009 (B3); JP Morgan, Deutsche Bank Securities (joint), Credit Suisse First Boston; Rule 144A; non-callable for three years; to repay borrowings under credit facilities; packaging company headquartered in Schaumburg, Ill.; roadshow started May 15; pricing May 22.

ALON USA: $150 million of senior notes due 2011; Merrill Lynch, Credit Suisse First Boston; Rule 144A; non-callable for four years; to refinance debt and for general corporate purposes; refiner/marketer of petroleum products; roadshow May 14-22; pricing expected May 22.

IMPRESS GROUP BV: €150 million senior guaranteed notes due 2007 (B2/B-); Deutsche Bank Securities; Rule 144A/Regulation S; non-callable for one year; to repay bank debt and for general corporate purposes; Dutch packaging company; Europe-only roadshow; pricing May 22

CRUM & FORSTER: $200 million notes due 2013 (B1/BB); JP Morgan (books), Banc of America Securities, RBC (joint leads); Rule 144A; non-callable for five years; to repay Fairfax debt; Morristown, N.J. insurance company; roadshow began May 16; pricing May 22.

GRAHAM PACKAGING: $100 million add-on to 8¾% senior subordinated notes due Jan. 15, 2008; Deutsche Bank Securities, Citigroup (joint); Rule 144A; currently callable at 104.375, then on Jan. 15, 2004 at 102.917, one year later at 101.458, par on Jan. 15, 2006 and thereafter; to repay term loan; plastic packaging company based in York, Pa.; roadshow May 19-22; pricing May 22 or 23.

THOMAS & BETTS: $125 million due 2013 (Ba1/BBB-); Credit Suisse First Boston, Wachovia Securities, Banc of America Securities (joint); registered; non-callable for five years; three-year equity clawback; to refinance 8½% senior notes due 2004; Memphis-based electronics components company; roadshow started May 19; pricing May 22.

UNIVERSAL COMPRESSION HOLDINGS: $175 million senior notes due 2010 (B1/B+); Lehman Brothers, Merrill Lynch, Wachovia (joint); Rule 144A; non-callable for four years; to redeem 9 7/8% senior discount notes due 2008; natural gas compression services company headquartered in Houston; roadshow started May 16; pricing middle of May 19 week.

VERTIS INC.: $250 million add-on to its 10 7/8% senior notes due June 15, 2009 (B3/B-); Deutsche Bank Securities, JP Morgan (joint); Rule 144A; callable on June 15, 2006 at 105.4375, 102.7188, par on June 15, 2008 and thereafter; equity clawback: Until June 15, 2005 for 35% at 110.875; to repay debt; Baltimore-based provider of integrated marketing services; roadshow started May 13; pricing during week of May 19.

NEW WORLD RESTAURANT GROUP, INC.: $160 million senior secured notes due 2008; Jefferies & Co.; Rule 144A; to repay debt including the senior secured increasing-rate notes due June 2006; Hamilton, N.J. restaurant operator; roadshow begins week of May 19.

WEEK OF MAY 26

TRANSMONTAIGNE INC.: $200 million senior subordinated notes due 2010 (B+); UBS Warburg (books), Wachovia Securities, BNP Paribas, SG Cowen (co's); Rule 144A; callable with a make-whole call for the first four years then at a premium; to repay existing term loan; Atlanta/Denver-based company provides integrated services to petroleum industry; roadshow started May 15; pricing expected May 28.

QUALITY DISTRIBUTION, LLC/QD CAPITAL CORP.: $175 million senior secured notes due 2008 (B-); Credit Suisse First Boston (books), Deutsche Bank Securities (co); Rule 144A; non-callable for three years; to repay bank debt; Tampa, Fla.-based operater of tank truck fleets; roadshow started May 16; pricing during the week of May 26.

TEXAS INDUSTRIES, INC.: $600 million senior notes due 2011 (B1/BB-); Banc of America Securities, UBS Warburg (joint), Banc One Capital Markets, Wells Fargo, SunTrust Robinson Humphrey, Comerica, Hibernia; Rule 144A; non-callalble for four years; to repurchase up to $283 million outstanding senior notes, repay existing credit facility, repurchase trade receivables previously sold under accounts receivable facility, retire $95.5 million of variable-rate industrial development revenue bonds; Dallas-based maker of cement and structural steel; roadshow May 20-30; pricing May 30.

MAY BUSINESS

PROVINCE HEALTHCARE CO.: $150 million senior subordinated notes due 2013 (B3); Merrill Lynch, Wachovia Securities (joint), Banc of America Securities, Citigroup (co's); registered; non-callable for five years; three-year equity clawback for 35%; to repay debt and for working capital and general corporate purposes, including future hospital acquisitions; expected to close in May.

http://www.sec.gov/Archives/edgar/data/1044942/000095014403006717/g82721e424b3.htm

RIVERWOOD HOLDING INC./GRAPHIC PACKAGING INTERNATIONAL CORP.: $1.5 billion financing in high yield bonds and bank debt; notes via 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.

SECOND 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 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.

ON THE HORIZON

WACKENHUT CORRECTIONS CORP.: new debt; company also has committed financing from BNP Paribas that will involve a restructuring of the existing senior credit facility; to repurchase all 12 million shares of common stock held by Group 4 Falck A/S, its 57% majority shareholder for $132 million in cash; closing anticipated by the end of June 2003.

KAPPA BEHEER BV: €95 million add-on to 10 5/8% senior subordinated notes due 2009 (B); Rule 144A; to redeem 12½% senior subordinated notes due 2009.

ROADSHOWS

May 13-21: RENT-WAY, INC.: $215 million; Citigroup

Started May 13: LAIDLAW, INC.: $400 million senior secured notes due 2011; Citigroup and Credit Suisse First Boston

Started May 13: HAYES LEMMERZ INTERNATIONAL, INC. $225 million; Citigroup, Lehman Brothers; Rule 144A; 7NC3

Started May 13: VERTIS INC.: $250 million; Deutsche Bank Securities, JP Morgan; Rule 144A add-on to 10 7/8% notes due June 15, 2009

May 14-22: ALON USA $150 million; Merrill Lynch, Credit Suisse First Boston; Rule 144A; 8NC4

Started May 14: APOGENT TECHNOLOGIES INC. $250 million; Lehman Brothers; Rule 144A; 10NC5

Started May 15: TRANSMONTAIGNE INC. $200 million; UBS Warburg; Rule 144A; 7NC4

Started May 15: PLIANT CORP. $250 million; JP Morgan, Deutsche Bank Securities; Rule 144A; 6NC3

May 15-21: HUNTSMAN LLC $250 million; Deutsche Bank Securities, Credit Suisse First Boston; Rule 144A; 7NC4

Through May 21 (Europe only): IMPRESS GROUP BV €150 million; Deutsche Bank Securities; Rule 144A/Regulation S; 4NC1

Started May 16: QUALITY DISTRIBUTION, LLC/QD CAPITAL CORPORATION $175 million; Credit Suisse First Boston; Rule 144A; 5NC3

Started May 16: UNIVERSAL COMPRESSION HOLDINGS $175 million; Lehman Brothers, Merrill Lynch, Wachovia; Rule 144A; 7NC4

Started May 16: CRUM & FORSTER $200 million; JP Morgan; Rule 144A; 10NC5

May 19-20: NORAMPAC INC. $250 million; Deutsche Bank Securities, CIBC World Markets; Rule 144A; 10NC5

May 19-22: GRAHAM PACKAGING $100 million; Deutsche Banc Securities, Citigroup; Rule 144A

Starts during week of May 19: NEW WORLD RESTAURANT GROUP, INC. $160 million; Jefferies & Co.; Rule 144A; 5NC3

May 20-30: TEXAS INDUSTRIES, INC. $600 million; Banc of America Securities, UBS Warburg; Rule 144A; 8NC4

May 20-22: THOMAS & BETTS $125 million; Credit Suisse First Boston, Wachovia Securities, Banc of America Securities; registered; 10NC5

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