High Yield Calendar

Total amount of high-yield bond offerings being marketed: $4.095 billion

WEEK OF NOV. 15

VIDEOTRON LTEE.: $300 million add-on to its 6 7/8% senior notes due Jan. 15, 2014 (expected ratings Ba3/B+); Banc of America Securities, Citigroup (joint); Rule 144A with registration rights; callable after Jan. 15, 2009 at 103.438, 102.292, 101.146, par on or after Jan 15, 2012 equity clawback until Jan. 15, 2007 for 35% at 106.875; to refinance the company's term loan C and for general corporate purposes; original $335 million issue priced at par on Oct. 2, 2003; Montreal-based cable television operator; pricing Monday.

ROGERS WIRELESS INC.: $2.350 billion (approximate) U.S.$-denominated fixed- and floating-rate senior secured notes (Ba3//BB+) and fixed-rate senior subordinated notes (B2//BB-), and C$ fixed-rate senior secured notes (Ba3//BB+); Citigroup; Rule 144A; to make a C$1.750 billion distribution as a return of capital to RWCI, to repay C$850 million of inter-company subordinated debt owing to Rogers Communications Inc. (RCI) incurred in connection with Rogers Wireless' acquisition of Microcell Telecommunications Inc. and repay a portion of the outstanding advances under Rogers Wireless's amended credit facility, also incurred in connection with the Microcell acquisition; subsidiary of Toronto-based Rogers Wireless Communications Inc. which operates Canada's largest integrated wireless voice and data network; expected to price during Nov. 15 week.

ROGERS CABLE INC.: $420 million senior secured second priority notes (Ba3); Citigroup, JP Morgan; Rule 144A; to repay bank debt; Toronto-based cable television and high-speed internet service provider, a subsidiary of Rogers Communications Inc.; expected to price during Nov. 15 week.

NEENAH PAPER INC.: $200 million senior notes due 2014 (B1/B+); Citigroup, Goldman Sachs & Co., JP Morgan; Rule 144A; non-callable for five years; to help fund the $215 million spinoff of Kimberly-Clark Corp.'s North American paper and Canadian pulp operations; Neenah Paper, based in Dallas, manufactures and distributes premium and specialty paper grades; roadshow Nov. 9-17.

HORNBECK OFFSHORE SERVICES INC.: $225 million senior notes due 2014 (B1/BB-); Goldman Sachs & Co. (physical books), Bear Stearns & Co., Jefferies & Co. (joint bookrunners); Rule 144A; non-callable for five years; to repurchase 10 5/8% senior notes due 2008 and for general corporate purposes, which may include the acquisition, construction or retrofit of vessels; New Orleans-based provider of offshore supply vessels in the U.S. Gulf of Mexico and select international markets, and transporter of petroleum products through its fleet of ocean-going tugs and tank barges, primarily in the northeastern U.S. and in Puerto Rico; roadshow started Nov. 12; pricing expected Nov. 18.

AFC ENTERPRISES INC.: $155 million senior secured notes due 2011; SunTrust Robinson Humphrey; Rule 144A (no registration rights); non-callable for four years; to back AFC's sale of Church's Chicken brand to Crescent Capital Investments Inc. for $390 million; Atlanta-based franchisor and operator of 4,109 restaurants, bakeries and cafes in the U.S., Puerto Rico and 38 foreign countries under the brand names Popeyes, Chicken & Biscuits, Church's Chicken and Cinnabon, and the franchisor of Seattle's Best Coffee in Hawaii, on military bases and internationally; roadshow to start week of Nov. 15.

ALTRA INDUSTRIAL MOTION: $165 million senior secured notes due 2011 in fixed-rate and floating-rate tranches, sizes to be determined; Jefferies & Co.; Rule 144A; fixed-rate notes non-callable for four years, floating-rate notes non-callable for one year; to fund the acquisition of Colfax & Kilian; Quincy, Mass.-based company designs, produces and markets industrial power products; roadshow started Nov. 10; pricing Nov. 19.

TRAILER BRIDGE INC.: $80 million senior secured notes due 2011 (B3); Jefferies & Co.; Rule 144A/Regulation S; to fund the purchase for all the outstanding stock of Kadampanattu Corp. and to retire certain K. Corp. and Trailer Bridge debt, and to acquire certain containers and chassis currently leased to the company and used in its operations; Jacksonville, Fla.-based shipping company; roadshow Nov. 12-16.

PARK-OHIO HOLDINGS: $200 million senior subordinated notes due 2014; Lehman Brothers; non-callable for five years; to fund tender for $200 million 9¼% senior subordinated notes due 2007; Cleveland-based manufacturer of engineered parts for vehicles, electronics, agricultural and construction equipment and provider of supply chain logistics services; roadshow Nov. 15-19.

MAYNE GROUP LTD.: Dollar-denominated senior notes, size and maturity to be determined (existing senior ratings Ba1/BB); Morgan Stanley; Rule 144A/Regulation S; Melbourne, Australia, integrated pharmaceutical manufacturer and healthcare services provider; roadshow started Nov. 10 in Singapore, Hong Kong on Nov. 11, London on Nov. 12, U.S. roadshow starts Nov. 15.

NOVEMBER 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.

2004 BUSINESS

STAR GAS PARTNERS LP: $300 million public or private offering of debt securities; JP Morgan; also $300 million asset-based senior secured revolving credit facility; to support its working capital requirements for the near term; financing to close on or before Dec. 17 (based on expiration date of letter amendment and waiver under the credit agreement with Wachovia Bank NA and other lenders); Stamford, Conn.-based distributor of home heating oil and propane.

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.

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 about $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.

EGL HOLDING CORP.: $660 million of senior subordinated notes; also $780 million senior secured credit facility to be led by JP Morgan, Wachovia Securities and Merrill Lynch & Co.; also equity contribution; to help fund approximately $2.3 billion acquisition of Select Medical Corp; issuer is a new company formed by an investment group led by Welsh, Carson, Anderson & Stowe; acquisition to close first quarter of 2005.

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 LP; Wilsonville, Ore., video chain; expected end of the fourth quarter 2004, or early first quarter 2005.

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.

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

ALLIANCE LAUNDRY HOLDINGS INC.: up to $375 million of Income Deposit Securities 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.

COINMACH SERVICE CORP. 18.333 million (decreased from 21.05 million) Income Deposit Securities at approximately $14.25-$15.75 per IDS (increased from $13.50-$15.00) comprised of shares of class A common stock and $123 million (decreased from $135 million) senior secured notes due 2024; also separate third party $20 million offering of senior secured notes due 2024 (Caa1 on notes); $6.75 allocated to each note and $8.25 allocated to each share common stock; 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.); about $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 prescription optical retail chain owner.

RURAL LEC ACQUISITION LLC: 8.66 million (decreased from 9.1 million) Income Deposit Securities comprised of class A common stock and $65.1 million senior subordinated notes due 2019, estimated price range $15.20 and $16.80 per IDS; also separate $8.5 million offering of senior subordinated notes due 2019; CIBC World Markets, RBC Capital Markets UBS Investment Bank (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

Nov. 9-17: NEENAH PAPER INC. $200 million; Citigroup, Goldman Sachs & Co., JP Morgan

Started Nov. 10 ALTRA INDUSTRIAL MOTION: $165 million; Jefferies & Co.

Started Nov. 12: TRAILER BRIDGE INC. $80 million; Jefferies & Co.

Started Nov. 12: HORNBECK OFFSHORE SERVICES INC. $225 million; Goldman Sachs & Co.

Nov. 15-19: PARK-OHIO HOLDINGS: $200 million; Lehman Brothers, JP Morgan

Starts week of Nov. 15: AFC ENTERPRISES INC. $155 million; SunTrust Robinson Humphrey

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