High Yield Calendar

Total amount of high-yield bond offerings being marketed: $5.010 billion and €1.380 billion

WEEK OF SEPT. 19

BROOKSTONE INC.: $190 million senior notes due 2012 (B3/B); Goldman Sachs (books), UBS Investment Bank (co); Rule 144A; non-callable for four years; to finance its leveraged buyout by Osim International, J.W. Childs Associates and Temasek Holding Ltd.; Merrimack, N.H., product developer and specialty retail company; price talk 10¼%-10½%; pricing Friday.

SCHOOL SPECIALTY INC. $650 million in two parts: $425 million (increased from $350 million) senior notes due 2013, non-callable for four years (B3/CCC+), price talk 9¼%-9½%, and $225 million (decreased from $300 million) senior subordinated notes due 2015, non-callable for five years (Caa2/CCC+), price talk 200 basis points behind the senior notes; Banc of America Securities LLC, JP Morgan, Deutsche Bank Securities; Rule 144A with registration rights; to help finance the leveraged buyout of the company by Bain Capital and Thomas H. Lee Partners in a $1.5 billion transaction, and for general corporate purposes; Greenville, Wis., supplemental education company; pricing expected Friday.

RES-CARE INC.: $150 million senior notes due 2013 (B1/B); JP Morgan, Goldman Sachs & Co. (books), Jefferies & Co. (co); Rule 144A /Regulation S with registration rights; non-callable for four years; proceeds together with existing cash and short-term investments, to repurchase $150 million 10 5/8% senior notes due 2008 and to repay its existing term loan; Louisville-based company provides residential, therapeutic, job training and educational supports to people with developmental or other disabilities, to youth with special needs and to adults who are experiencing barriers to employment; price talk 7¾% area; pricing Friday afternoon.

DRIVETIME AUTOMOTIVE GROUP/DT ACCEPTANCE CORP.: $150 million senior notes due 2013 (B2/B-); UBS Investment Bank, Bear Stearns & Co. (joint), The Royal Bank of Scotland (co); Rule 144A; non-callable for four years; to repay debt and for general corporate purposes; the largest U.S. chain of automobile dealerships that sell and finance used vehicles to sub prime customers, headquarters in Phoenix; price talk 10¾%-11%.

WEEK OF SEPT. 26

COMSYS IT PARTNERS INC.: $150 million senior notes due 2013 (B2/B-); Wachovia Securities, Merrill Lynch & Co.; Rule 144A; non-callable for four years; proceeds together with new senior secured revolver, to repay existing senior credit facility and second-lien term loan; Houston-based information technology staffing company; roadshow started Sept. 14.

LIN TELEVISION CORP.: $175 million senior subordinated notes due 2015; JP Morgan, Goldman Sachs, Deutsche Bank Securities; Rule 144A/Regulation S; non-callable for five years; to repay a portion of the existing credit facility; television station owner-operator with headquarters in Providence, R.I.; roadshow expected to start Sept. 22; mid-7% yield expected; pricing expected early Sept. 26 week.

PREGIS CORP.: €100 million 7.5-year senior secured second-lien floating-rate notes, non-callable for one year (B3/B-) and $150 million senior subordinated notes due 2013, non-callable for four years (Caa1/CCC+); Credit Suisse First Boston; to help fund approximately $530 million acquisition of the Pactiv Corp.'s North American and European protective and flexible packaging businesses to an affiliate of AEA Investors LLC; Pactiv has headquarters in Lake Forest, Ill.; roadshow starts week of Sept. 19; pricing week of Sept. 26.

HELLAS TELECOMMUNICATIONS II: €1.28 billion equivalent in dollars and euros: €925 million senior secured floating-rate notes due 2012, non-callable for one year (B1/B/BB-), and HELLAS TELECOMMUNICATIONS III €355 million senior notes due 2013, non-callable for four years (B3/B-/B-); JP Morgan, Deutsche Bank Securities (joint), Lehman Brothers, Merrill Lynch & Co. (co's); to repay certain short-term borrowing facilities used to fund the acquisition of 80.87% of the shares of TIM Hellas Telecommunications SA by a consortium of private equity funds affiliated with Apax Partners and Texas Pacific Group, repay TIM Hellas' existing debt and purchase the minority shares of TIM Hellas; parent company of Troy GAC Telecommunications SA, TIM Hellas' majority shareholder; European roadshow started Sept. 19, U.S. roadshow starts Sept. 26; pricing expected Sept. 30.

AFFINION GROUP: $750 million in two parts: $250 million senior notes due 2013, non-callable for four years (B3/B-), and $500 million senior subordinated notes due 2015 (Caa1/B-), non-callable for five years; Credit Suisse First Boston, Deutsche Bank Securities (joint); to fund the acquisition by Apollo Management; global affinity direct marketer of membership, insurance and package enhancement products and services, roadshow started Sept. 21.

WHITING PETROLEUM CORP.: $250 million of its senior subordinated notes due 2014 (confirmed B2/expected B-); Merrill Lynch, JP Morgan, Lehman Brothers (joint), Banc of America Securities, KeyBanc, Raymond James, RBC Capital Markets, Wachovia Securities, Simmons & Co., Petrie Parker (co's); Rule 144A/Regulation S; to pay the cash portion of the North Ward Estes properties acquisition and to repay a portion Whiting Oil and Gas Corp. credit facility incurred in Postle properties acquisition; Denver-based energy company engaged in oil and natural gas acquisition, exploitation, exploration and production primarily in the Rocky Mountains, Permian Basin, Gulf Coast, Michigan and Mid-Continent regions of the United States; roadshow started Sept. 20; expected to price middle of Sept. 26 week.

MIDDLETOWN RANCHERIA GAMING ENTERPRISES: $50 million senior unsecured notes due 2012; Jefferies & Co.; Rule 144A for life; to refinance debt and fund a rennovation; gaming company owned and operated by the Middletown Rancheria band of Pomo Indians; roadshow started Sept. 19; pricing expected middle of Sept. 26 week.

THE NEIMAN MARCUS GROUP INC.: $2.175 billion notes in three parts: $850 million senior secured notes due 2013, non-callable for four years (B1), $750 million senior notes due 2015, non-callable for five years (B2), $575 million senior subordinated notes due 2015, non-callable for five years (B3); Credit Suisse First Boston, Banc of America Securities, Deutsche Bank Securities, Goldman Sachs & Co.; to support acquisition of the company by Texas Pacific Group and Warburg Pincus LLC.; high-end men's and women's apparel retailer based in Dallas; roadshow started Sept. 20; pricing expected week of Sept. 26.

CHART INDUSTRIES: $170 million senior subordinated notes due 2015 (B3/B-); Morgan Stanley, Citigroup; Rule 144A; non-callable for five years; also $240 million credit facility; to help fund First Reserve Corp.'s leveraged buyout of Chart Industries; Garfield Heights, Ohio, supplier of products and systems for low-temperature and cryogenic applications; roadshow started Sept. 22.

EXPECTED SEPTEMBER BUSINESS

SS&C TECHNOLOGIES INC.: $205 million subordinated notes; Wachovia Securities, JP Morgan, Bank of America (joint); Rule 144A; also senior secured credit facility; to fund $982 million LBO of the company by Carlyle Group; Carlyle Group will also contribute equity; Windsor, Conn., company delivers investment and financial management software and related services focused exclusively on the financial services industry; expected September or October.

ON THE HORIZON

AMADEUS GLOBAL TRAVEL DISTRIBUTION SA: €1 billion (approximate); Credit Suisse First Boston; to fund the LBO of the company by BC Partners and Cinven; travel reservations firm based in Madrid, Spain; expected during first half of 2005.

BRASKEM SA: $100 million perpetual senior notes (/BB-/BB-); Banco Itau; Rule 144A/Regulation S; non-callable for five years; Sao Paulo, Brazil, petrochemical company.

THE DOLAN FAMILY GROUP (CABLEVISION): $4.25 billion in a multi-tranche bond offering at the holding company level; also $2.8 billion credit facility at the operating company level via Bank of America and Merrill Lynch; proceeds to be used to take Cablevision Systems Corp. private; pending shareholder approval; Cablevision is a Bethpage, N.Y.-based telecom and cable business.

DACOM CORP.: $300 million notes due 2010 (expected ratings Ba3/BB-); Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for life; to refinance debt; South Korea-based integrated service provider of telecommunications and internet related services.

DRS TECHNOLOGIES INC. $700 million: $500 million senior notes and $200 million senior subordinated notes; also new bank debt and convertible notes; to help fund its acquisition of Engineered Support Systems Inc., a St. Louis-based diversified supplier of integrated military electronics, support equipment and technical services; committed financing from Bear Stearns & Co.; DRS Technologies is Parsippany, N.J.-based provider of technology products and services to defense, government intelligence and commercial customers; transaction expected to close by March 2006.

THE HERTZ CORP.: $3 billion bonds; Deutsche Bank Securities, Lehman Brothers and Merrill Lynch; to help fund the approximately $15 billion LBO of the company by Clayton, Dubilier & Rice Inc., The Carlyle Group and Merrill Lynch Global Private Equity from Ford Motor Co.; Park Ridge, N.J, vehicle rental company; 2006 business.

INTELSAT LTD.'s $7 billion acquisition of PANAMSAT HOLDING CORP.: $4 billion (approximate) minimum: PANAMSAT OPERATING CO. $572.9 million senior notes with the option to issue additional $663.57 million if PanAmSat 9% notes are refinanced, PANAMSAT HOLDING CO. $721.2 million in senior notes with option to issue additional $301.9 million if PanAmSat 10 3/8% notes are refinanced, INTELSAT OPERATING CO. up to $557 million of senior notes, INTELSAT HOLDING CO. up to $1.4155 billion in senior notes; also approximately $2.88 billion aggregate bank debt; financing provided by Deutsche Bank, Citigroup, Credit Suisse First Boston and Lehman Brothers; PanAmSat is a Wilton, Conn.-based satellite network operator; Intelsat is a Pembroke, Bermuda, satellite communications company; expected to be completed in 2006.

K. WAH CONSTRUCTION MATERIALS LTD.: $300 million and $500 million global bonds; Merrill Lynch & Co., Morgan Stanley; owner of Macau's Galaxy casino.

PER-SE TECHNOLOGIES INC.: $410 million in new debt including senior subordinated debt and bank debt; financing commitment from Bank of America; proceeds in addition to $240 million of Per-Se stock and cash on hand to help fund its acquisition of NDCHealth Corp.; Per-Se is an Alpharetta, Ga., provider of connective health care solutions to physicians and hospitals; transaction expected to be completed late 2005 or early 2006

PETROHAWK ENERGY CORP.: $170 million notes due 2013; BNP Paribas expected bookrunner; non-callable for four years; to back the consolidation of the bank debt of Petrohawk and soon-to-be-acquired Mission Resources Corp.; bank group includes BNP Paribas; Petrohawk is a Houston-based energy company; Mission Resources is a Houston-based independent exploration and production company.

TARGA RESOURCES INC.: $400 million high-yield bonds; Credit Suisse First Boston, Merrill Lynch & Co., Goldman Sachs & Co.; $1.45 billion credit facility; to help fund Targa's acquisition of Dynegy Inc.'s Midstream natural gas business for $2.35 billion; independent midstream energy company formed in 2003 by management and the global private equity firm Warburg Pincus; acquisition expected to close late October.

TRAVELEX GROUP: Sterling-denominated bonds, size of offering to be determined; Deutsche Bank Securities; a consortium led by Apax Partners signed an agreement in February 2005 to acquire a majority stake in Travelex, transaction expected to close in 2005; London-based foreign currency exchange services provider.

VENETIAN MACAU LTD.: $300 million floating-rate notes; Goldman Sachs

WYNN RESORTS (MACAU) SA: $744 million equivalent; Banc of America Securities LLC, Deutsche Bank Securities

PREFERRED SHARE OFFERINGS

CCFC PREFERRED HOLDINGS LLC (indirect subsidiary of Calpine Corp.): $400 million redeemable preferred shares due 2011; Regulation D; proceeds to be used as permitted by Calpine's existing bond indentures; San Jose, Calif., power producer.

ROADSHOWS

Started Sept. 14: COMSYS IT PARTNERS INC. $150 million; Wachovia Securities, Merrill Lynch

Started Sept. 19 in Europe, Sept. 26 in U.S.: HELLAS TELECOMMUNICATIONS II €1.28 billion equivalent; JP Morgan, Deutsche Bank Securities

Started Sept. 19: MIDDLETOWN RANCHERIA GAMING ENTERPRISES $50 million; Jefferies & Co.

Starts week of Sept. 19: PREGIS CORP. €100 million and $150 million; Credit Suisse First Boston

Started Sept. 20: THE NEIMAN MARCUS GROUP INC. $2.175 billion; Credit Suisse First Boston, Banc of America Securities LLC, Deutsche Bank Securities, Goldman Sachs & Co.

Started Sept. 21: WHITING PETROLEUM CORP. $250 million; Merrill Lynch, JP Morgan, Lehman Brothers

Started Sept. 21: AFFINION GROUP $750 million; Credit Suisse First Boston, Deutsche Bank Securities

Start expected Sept. 22: LIN TELEVISION CORP. $175 million; JP Morgan, Goldman Sachs, Deutsche Bank Securities

Started Sept. 22: CHART INDUSTRIES $170 million; Morgan Stanley, Citigroup

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