High Yield Calendar

Total amount of high-yield bond offerings being marketed: $2.985 billion and €335 million

WEEK OF OCT. 11

BOISE CASCADE LLC: $650 million: $250 million senior floating-rate notes due 2012 (confirmed B1/expected B+), callable immediately at 103, 102, 101, par, price talk Libor plus 300-325 basis points (originally eight-year non-call-four fixed-rate notes) and $400 million senior subordinated notes due 2014 (confirmed B2/expected B+), non-callable for five years, price talk 7¼%-7½%; JP Morgan, Lehman Brothers (joint), Deutsche Bank Securities, Goldman Sachs & Co. (co); Rule 144A; part of $3.555 billion financing of the LBO of Boise Cascade by Madison Dearborn Partners; paper and building products company is based in Boise, Ida.; expected to price Friday.

CITGO PETROLEUM CORP.: $250 million (increased from $200 million) senior notes due 2011 (existing ratings Ba3/BB); Lehman Brothers; Rule 144A; make-whole call first four years, then callable at premium; proceeds along with cash on hand to fund the tender its $550 million 11 3/8% senior notes due 2011; Tulsa, Okla.-based refining and chemical company; price talk 6 1/8% area; pricing mid-day Friday.

WEEK OF OCT. 18

IT HOLDING FINANCE SA: €185 million senior notes due 2012 (B3/B+); Merrill Lynch & Co. (books), Banca IMI (joint lead); Rule 144A/Regulation S (no registration rights); non-callable for four years; guaranteed by ITH and other subsidiaries; to refinance Gianfranco Ferre 7% notes due May 2005; Milan, Italy-based holding company for fashion brands including Versace, Dolce & Gabbana, and Roberto Cavalli; price talk 9¼%-9½%; pricing expected Monday.

MARKWEST ENERGY PARTNERS LP/FINANCE CORP.: $200 million senior notes due 2014 (B1/B+); JP Morgan, RBC Capital Markets (joint), Lehman Brothers, Wachovia Securities plus others (co's); Rule 144A; non-callable for five years; to repay revolver; Denver, Colo., natural gas production and transportation company; roadshow started Oct. 13; pricing expected Oct. 20.

NEW SKIES SATELLITES NV $285 million in two parts: $160 million senior floating-rate notes due 2011, non-callable for two years and $125 million senior subordinated notes due 2012, non-callable for four years; Deutsche Bank Securities (books), ABN Amro (co); Rule 144A; also new $535 million senior secured credit facility and new equity; to help fund The Blackstone Group's acquisition of the company for $956 million in cash, expected to close late 2004 or early 2005; The Hague, Netherlands-based fixed satellite communications company; roadshow started Oct. 14; pricing Oct. 21 or 22.

ODYSSEE FINANCING S.A. (EDITIS): €150 million senior notes due 2014; BNP Paribas, Credit Suisse First Boston, Lehman Brothers (joint); Rule 144A (no registration rights); non-callable for four years; to support Wendel Investissement's acquisition of certain publishing assets from Lagardere; Paris-based publisher of educational and consumer media, formerly Vivendi Universal Publishing; roadshow starts late in Oct. 11 week; pricing late in Oct. 18 week.

ADVANCED MICRO DEVICES, INC.: $600 million senior notes due 2012 (B-); Citigroup (books), Credit Suisse First Boston, Merrill Lynch & Co., Morgan Stanley (co's); Rule 144A/Regulation S; non-callable for four years; proceeds together with existing cash, to prepay existing term loan of company's indirect wholly owned German subsidiary, AMD Saxony Limited Liability Company & Co. KG; Sunnyvale, Calif.-based microchip maker; roadshow starts Oct. 15; pricing expected Oct. 22.

WEEK OF OCT. 25

HAWK CORP.: $100 million guaranteed senior notes due 2014 (B2/B); Jefferies & Co.; Rule 144A; non-callable for five years; to fund tender offer for $66.3 million of 12% senior notes due 2006 and repay bank debt; Cleveland, Ohio-based supplier of highly engineered friction products; roadshow Oct. 13-26

ROCKWOOD SPECIALTIES GROUP INC.: $625 million senior subordinated notes due 2014 in dollar and euro tranches (B3/B-); Credit Suisse First Boston, Goldman Sachs & Co., UBS Investment Bank (joint); Rule 144A/Regulation S with registration rights; to repay a bridge loan incurred to fund a portion of the acquisition of four business units (Sachtleben, Chemetall, CeramTec and DNES Custom Synthesis) of Dynamit Nobel from mg technologies AG (sponsors Kohlberg, Kravitz, Roberts & Co., CSFB Private Equity); Princeton, N.J., chemical manufacturer; European roadshow starts Oct. 18, U.S. to follow; pricing expected week of Oct. 25.

NATIONAL MENTOR INC.: $150 million senior subordinated notes due 2012 (B3/B-); Banc of America Securities, JP Morgan, UBS Investment Bank (joint); CIBC World Markets (co); Rule 144A; non-callable for four years; to refinance debt and redeem preferred stock held by Madison Dearborn Partners; Boston-based provider of home and community-based services for individuals with mental retardation and other developmental disabilities, at-risk youth and persons with acquired brain injury; roadshow Oct. 18-27; pricing late Oct. 25 week.

OCTOBER BUSINESS

ABRAXAS PETROLEUM: $125 million seior notes due 2009; Guggenheim Capital Markets; Rule 144a; non-callable for 2.5 years; also $40 million credit facility; to refinance debt; San Antonio, Tex.-based oil and gas exploration and production company with operations in Texas, Wyoming and western Canada; roadshow starts week of Oct. 11; pricing mid-to-late October.

HORNBACH-BAUMARKT-AG: Up to €200 million bonds; Deutsche Bank Securities; Rule 144A; to improve the company's long-term capital structure and to secure its liquidity for further growth; Bornheim bei Landau/Pfalz, Germany-headquartered company operates do-it-yourself retail markets and garden centers; October business.

TEXAS GENCO: $1.375 billion bonds; Goldman Sachs & Co., Morgan Stanley, Deutsche Bank Securities, Citigroup; to fund acquisition of Texas Genco by the Blackstone Group, Hellman & Friedman, Kohlberg Kravis Roberts and Texas Pacific Group; also $2.2 billion credit facility; Houston wholesale electric power generator; expected to price late October.

2004 BUSINESS

ON THE HORIZON

ADELPHIA COMMUNICATIONS CORP.: $3.3 billion 10-year senior unsecured notes; non-callable for five years; part of $8 billion bond and bank loan exit financing from Chapter 11; Deutsche Bank Securities; Greenwood Village, Colo. cable television company.

BUFFETS HOLDINGS INC.: 10-year senior notes in connection with IDS offering; Eagan, Minn., restaurant operator; to help refinance existing debt.

CANWEST MEDIA INC.: 8% senior subordinated notes due 2014; Rule 144A/Regulation S; to be sold in conjunction with exchange offer for Hollinger Participation Trust 12 1/8% senior notes due 2010; Winnipeg-based wholly-owned subsidiary of CanWest Global Communications Corp.

CHOCTAW RESORT DEVELOPMENT ENTERPRISE: Proposed offering of debt securities and new senior credit facility; to fund tender for 9¼% senior notes due 2009, Banc of America Securities dealer manager, expires Oct. 28; Mississippi-based tribal gaming, lodging and entertainment company.

STATS CHIPPAC LTD.: Senior notes; Rule 144A/Regulation S; to fund tender for ChipPac International Co. Ltd.'s $165 million 12¾% senior subordinated notes due 2009, Deutsche Bank Securities dealer manager, offer expires Oct. 4; service provider of semiconductor packaging design, assembly, test and distribution solutions, headquartered in Singapore and Fremont, Calif.

CBD MEDIA LLC: $75-$100 million senior notes due 2012; Rule 144A; also $25 million increase in existing $130 million term loan; proceeds along with cash to pay a dividend to Holdings' equity holders; sponsors include Spectrum Equity Investors and Cincinnati Bell; Cincinnati-based multi-media publisher of yellow and white pages directories.

COOPER STANDARD AUTOMOTIVE: $400 million bonds; Deutsche Bank, Lehman Brothers, Goldman Sachs & Co., UBS Investment Bank (joint); also $625 million credit facility; to help fund acquisition of Cooper-Standard by an entity formed by The Cypress Group and Goldman Sachs Capital Partners from Cooper Tire & Rubber Co. for approximately $1.165 billion; Novi, Mich.-based manufacturer of fluid handling systems, body sealing systems, and active and passive vibration control systems, primarily for automotive original equipment manufacturers; expected to close in fourth quarter.

GLOBAL MOTORSPORT GROUP INC.: $85 million senior secured notes due 2008 (B-); Jefferies & Co.; Rule 144A; non-callable for three years; to repay bank debt; Morgan Hill, Calif. aftermarket supplier of motorcycle parts.

HOLLYWOOD MERGER CORP.: $550 million in bonds; also $275 million credit facility to be led by UBS Securities LLC; part of its amended merger agreement with affiliates of Leonard Green & Partners L.P.; Wilsonville, Ore. video chain; expected end of the fourth quarter 2004, or early first quarter 2005.

IMCO RECYCLING: $100 million add-on to 10 3/8% senior secured notes due 2010; to help fund IMCO and Commonwealth merger, including refinancing of Commonwealth 10¾% senior subordinated notes due 2006, and Commonwealth and IMCO bank debt.

INTELSAT: New bonds and bank loan; Deutsche Bank Securities, Credit Suisse First Boston, Lehman Brothers; to help fund the approximately $5 billion acquisition of Intelsat by Zeus Holdings Ltd., a company formed by a consortium of funds advised by Apax Partners, Apollo Management, Madison Dearborn Partners and Permira; Intelsat is a Bermuda-based worldwide satellite telecommunications company; early fourth quarter of 2004.

NATIONAL WATERWORKS HOLDINGS INC.: $250 million senior PIK notes due 2014; Rule 144A; to fund dividend payment, sponsors JP Morgan Partners and Thomas H. Lee Partners; parent company of Waco, Tex.-based National Waterworks Inc., a distributor of water and wastewater transmission products and other equipment for municipal water systems and sewage-treatment plants.

PETROKAZAKHSTAN: $150 million notes due 2014 (Ba3/B+); JP Morgan; Regulation S; Calgary, Alta.-based vertically integrated international energy company is largest supplier of refined products in Kazakhstan, owning one of the country's three refineries.

VERIZON HAWAII: New high-yield bonds; also new credit facility to be led by JPMorgan, Goldman Sachs, Lehman Brothers (same banks to lead bond deal, although not necessarily in that order); to fund Carlyle Group's $1.65 billion acquisition of Verizon Hawaii from Verizon Communications Inc.; pending regulatory approvals.

VNU WORLD DIRECTORIES: Approximately $450 million equivalent bonds; JP Morgan; to fund Apax Partners Worldwide LLP and Cinven Ltd.'s €2.075 billion acquisition of the company from parent VNU NV, a Dutch information and media business.

INCOME SECURITIES OFFERINGS IN THE MARKET

ALASKA COMMUNICATIONS SYSTEMS GROUP INC.: $400 million income deposit securities: shares of Class A common stock and senior subordinated notes due 2019; Citigroup, CIBC World Markets, JP Morgan (books), Banc of America Securities, RBC Capital Markets, Jefferies & Co., KeyBanc Capital Markets (co's); proceeds, together with cash on hand, to fund cash payment to existing stockholders and to repay existing credit facility; Anchorage, Alaska provider of fixed line and mobile telecommunications services in Alaska.

ALLIANCE LAUNDRY HOLDINGS INC.: up to $375 million of income deposit securities (IDS) comprised of 20.63 million shares of class A common stock and $100 million senior subordinated notes due 2019; also separate offering of $13.9 million senior subordinated notes (Caal/CCC on notes); CIBC World Markets, Lehman Brothers (joint), UBS Investment Bank (co) estimated price $14.00 and $16.00 per IDS; company supplies washers and driers to laundromats.

BUFFETS HOLDINGS, INC.: $550 million Income Deposit Securities and senior subordinated notes; Credit Suisse First Boston (on left), Banc of America Securities LLC, CIBC World Markets (joint books), UBS Investment Bank (lead), JPMorgan, Piper Jaffray (cos); also new credit facility and 10-year senior notes; proceeds along with cash on hand to refinance outstanding debt and repurchase common stock, warrants and options from the existing holders; Eagan, Minn., restaurant operator.

CARROLS HOLDING CORP.: $475 million Enhanced Yield Securities comprised of shares of common stock and senior subordinated notes due 2016 and offerings of shares of common stock and senior subordinated notes due 2016; Lehman Brothers; proceeds, along new credit facility to repay existing bank debt and $170 million 9½% senior subordinated notes due 2008.

COINMACH SERVICE CORP. $383.15 million: 21.05 million income deposit securities at approximately $13.50-$15.00 per IDS comprised of shares of class A common stock and $135 million (decreased from $148.5 million) senior secured notes due 2024; also separate third party $20 million offering of senior secured notes due 2024 (Caa1 on notes); Merrill Lynch & Co. (books), Citigroup, Jefferies & Co., Deutsche Bank Securities, RBC Capital Markets, SunTrust Robinson Humphrey (co's); to redeem part of Coinmach Corp.'s 9% notes, repay bank debt and repurchase class A and class B preferred shares; Plainview, N.Y. supplier of coin and card operated laundry equipment.

DAVCO ACQUISITION HOLDING INC. 7.99 million Enhanced Income Securities (EIS), price range $14.50 and $15.50 per EIS: comprised of 7.99 class A common stock and $59 million senior subordinated notes due 2016, also separate offering of $7.5 million senior subordinated notes due 2016; RBC Capital Markets (books), KeyBanc Capital Markets, Oppenheimer, SunTrust Robinson Humphrey; both issues of notes guaranteed on an unsecured senior subordinated basis by all domestic subsidiaries (DavCo Operations Inc., FriendCo Restaurants, Inc., Heron Realty Corp. and MDF, Inc.); approximately $13.0 million of the proceeds will be used to repurchase class B common stock from Citicorp Venture Capital, Ltd. and affiliates; subsidiary of Crofton, Md.-based DavCo Restaurants Inc., the largest franchisee of Wendy's International, Inc.

EYE CARE CENTERS OF AMERICA: $375 million Income Units comprised of class A common stock and senior subordinated notes due 2014; Banc of America Securities, Merrill Lynch & Co. (books), Citigroup, Lehman Brothers (co's); proceeds along with available cash to repay credit facility, redeem $100 million 9 1/8% senior subordinated notes due 2008 and $50 million subordinated term notes, also redeem all outstanding preferred stock and repurchase common stock from existing shareholders; San Antonio, Tex. prescription optical retail chain owner.

FAIRPOINT COMMUNICATIONS INC.: 40.94 million income deposit securities; includes 40.94 million shares of class A common stock and $184.2 million (decreased from $209.8 million) senior subordinated notes due 2019; also separate offering of $30 million (decreased from $33 million) senior subordinated notes due 2019 (CCC+ notes only); CIBC World Markets, Deutsche Bank Securities, UBS Investment Bank (books), Banc of America Securities, Citigroup, Credit Suisse First Boston, RBC Capital Markets, Wachovia Securities (co's); to repay existing credit facility, fund tender for $115.2 million 9½% senior subordinated notes due 2008, $75 million floating-rate notes due 2008, $193 million 12½% senior subordinated notes due 2010, $225 million 11 7/8% senior notes due 2010; Charlotte, N.C. rural local-exchange carrier; expected price of $15.00 to $17.00 per IDS.

MERISANT WORLDWIDE, INC.: $775 million income deposit securities comprised of shares of class A common stock and senior subordinated notes due 2019, also separate offering of senior subordinated notes due 2019; Credit Suisse First Boston, RBC Capital Markets, Merrill Lynch & Co. (joint); to repay bank debt, repurchase discount notes, repurchase senior subordinated notes, repurchase class B common stock, fund payments under existing management incentive plans; formerly known as Tabletop Holdings, Inc., Chicago company markets low calorie tabletop sweeteners.

PRESTIGE BRANDS HOLDINGS, INC. $920 million income deposit securities: shares of Class A common stock and senior subordinated notes due 2019; also a separate offering of senior subordinated notes; Merrill Lynch & Co. Banc of America Securities; also new credit facility; to repay existing credit facility, purchase or redeem all of the 9¼% notes; purchase all senior preferred stock and class B preferred stock and purchase shares of class C common stock; Irvington, N.Y.-based cleaning products company.

RURAL LEC ACQUISITION LLC $190 million: 9.063 million income deposit securities comprised of class A common stock and $63.8 million (decreased from $69.7 million) senior subordinated notes due 2019, estimated price range $15.20 and $16.80 per IDS; also separate $8.4 million offering of senior subordinated notes due 2019; CIBC World Markets, RBC Capital Markets (leads), Deutsche Bank Securities, Harris Nesbitt, KeyBanc Capital Markets, Raymond James; to repay $81.2 million of long-term notes and $18 million Mid-Missouri Holding long-term notes and for general corporate purposes; Oneonta, Ala. provider of telephone services in Alabama and Missouri, plans to change name to Otelco Inc. before offering closes.

XERIUM TECHNOLOGIES, INC.: 28.1 million (decreased from 40.625 million) income deposit securities, expected offering price $15.20 and $16.80: securities comprised shares of class A common stock and $201 million (reduced from $298.6 million) senior subordinated notes due 2019, price range $15.20 and $16.80; also separate offering of $45.3 million (reduced from $52.4 million) of senior subordinated notes due 2019; CIBC World Markets (books), Citigroup, Merrill Lynch & Co., Robert W. Baird & Co., Calyon Securities, KeyBanc Capital Markets, Legg Mason (co's); to repay debt, including senior and mezzanine credit facilities and to redeem part of class A common stock; Westborough, Mass. manufacturer of clothing and machinery covers.

ROADSHOWS

Starts week of Oct. 11: ABRAXAS PETROLEUM $125 million; Guggenheim Capital Markets

Started Oct. 13: MARKWEST ENERGY PARTNERS LP/FINANCE CORP. $200 million; JP Morgan, RBC Capital Markets

Oct. 13-26: HAWK CORP. $100 million; Jefferies & Co.

Started Oct. 14: NEW SKIES SATELLITES NV $285 million; Deutsche Bank Securities

Starts Oct. 15: ADVANCED MICRO DEVICES, INC. $600 million; Citigroup

Starts late Oct. 11 week: ODYSSEE FINANCING S.A. (EDITIS) €150 million; BNP Paribas, Credit Suisse First Boston, Lehman Brothers

Starts Oct. 18: ROCKWOOD SPECIALTIES GROUP INC. $625 million; Credit Suisse First Boston, Goldman Sachs & Co., UBS Investment Bank

Oct. 18-27: NATIONAL MENTOR INC. $150 million; Banc of America Securities, JP Morgan, UBS Investment Bank

RECENT SHELF FILINGS WITH THE SEC:

PARALLEL PETROLEUM CORP. (Symbol: PLLL): $100 million shelf filed Oct. 13 for senior debt securities, subordinated debt securities, common stock, preferred stock and warrants; securities may be issued as convertibles; Midland, Tex., oil and gas exploration and production company will use proceeds for general corporate purposes.

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