High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $4.225 billion

WEEK OF OCT. 27

ONDEO NALCO CO.: $1.8 billion equivalent in four tranches, sizes to be determined: dollar and euro senior notes due 2011 (B2/B), non-callable for four years; dollar and euro senior subordinated notes due 2013 (Caa1/B-), non-callable for five years; Citigroup, Banc of America Securities, Deutsche Bank Securities, Goldman Sachs, JP Morgan, UBS Investment Bank (joint); Rule 144A; to help fund acquisition of Nalco by Blackstone, Apollo and Goldman Sachs Partners from Suez SA; Naperville, Ill. chemical and water treatment company; European roadshow started Oct. 15, U.S. started Oct. 20; pricing expected Oct. 29.

NEIGHBORCARE, INC.: $225 million senior subordinated notes due 2013 (Ba3/B+); Goldman Sachs, UBS Investment Bank (joint), Lehman Brothers, JP Morgan (co's); Rule 144A; non-callable for five years; to repay a portion of the existing debt and for general corporate purposes; Kennett Square, Pa. provider of healthcare services to the elderly; roadshow Oct 21-29; pricing expected Oct. 30.

GAYLORD ENTERTAINMENT CO.: $225 million senior notes due 2013 (B3/B-); Banc of America Securities, Deutsche Bank Securities, CIBC World Markets (joint), Citigroup, Fleet Securities (co's); Rule 144A; non-callable for five years; to repay subordinated term loan and mezzanine loan and to repay ResortQuest International, Inc. debt; Nashville hospitality and entertainment company; roadshow Oct. 20-29.

O'CHARLEY'S INC.: $125 million senior subordinated notes due 2013 (Ba3/B); Wachovia Securities; Rule 144A/Regulation S; non-callable for five years; proceeds together with proceeds from a recent sale and leaseback transaction to repay term loan and part of revolver; Nashville-based company operates restaurants in the Southeast and Midwest; roadshow begins Oct. 20 week.

TELEX COMMUNICATIONS INC.: $125 million senior secured notes due 2008 (B); Jefferies; Rule 144A/Regulation S; non-callable for three years; to repay debt; Minneapolis manufacturer of audio and communications equipment; roadshow Oct. 24-Oct. 31.

WEEK OF NOV. 3

RIVER ROCK ENTERTAINMENT AUTHORITY: $190 million senior secured notes due 2011 (B+); CIBC World Markets; Rule 144A; non-callable for four years; to help fund construction of authority's expansion project, to repay $54 million of debt and to fund settlement of litigation; Native American gaming complex in Sonoma, Calif.; roadshow Oct. 23-Nov. 4; pricing on Nov. 4.

QUALITY DISTRIBUTION, LLC: $125 million senior subordinated notes due 2010 (B3/B-); Credit Suisse First Boston, Deutsche Bank Securities (joint), Bear Stearns, JP Morgan (co's); Rule 144A; non-callable for four years; part of financing that also includes $112 million IPO of common stock and $235 million credit facility; to repay existing credit facility, redeem 12½% senior subordinated secured notes, 10% senior subordinated notes and 12% junior PIK notes; Tampa, Fla. transportation company; roadshow Oct. 27-Nov. 6.

MASSEY ENERGY CO.: $360 million unsecured senior notes due 2010; UBS Investment Bank (books), Citigroup, PNC; Rule 144A/Regulation S; non-callable for four years; to permanently repay debt under senior secured term loan, to retire revolver and for general corporate purposes; Richmond, Va. coal company; roadshow Oct. 28-Nov. 6; pricing expected Nov. 6.

JENOPTIK AG: €150 million notes due 2010 (Ba3/BB-/BB); Goldman Sachs, HVB; Rule 144A/Regulation S; non-callable for four years; to strengthen capital base, reduce short-term debt and finance growth; Jena, Germany technology company; roadshow starts Oct. 27 in London; pricing week of Nov. 3.

NOVEMBER BUSINESS

GENERAL NUTRITION COS. INC.: high yield notes and new credit facility; Lehman Brothers, JP Morgan; to help support LBO by Apollo Management LP from Royal Numico NV; Pittsburgh producer and seller of nutritional supplements; November business.

ON THE HORIZON

BERRY PLASTICS CORP.: $110 million add-on to the 10 ¾% senior subordinated notes due July 15, 2012; Rule 144A; callable on July 15, 2007 at 105.375, 103.583, 101.792, par on July 15, 2010 and thereafter; equity clawback until July 15, 2005 for 35% at 110.75; also $375 million credit facility via Goldman Sachs and JP Morgan; to fund acquisition of Landis Plastics, Inc.; Evansville, Ind. manufacturer of plastic containers, drink cups and housewares.

IMS METER HOLDINGS: senior subordinated debt; also new credit facility led by Credit Suisse First Boston and Goldman Sachs; to help support leveraged buyout of Invensys plc metering business; Raleigh, N.C. manufacturer of water, gas, electric and heat meters for the utility industry.

RESOURCE AMERICA, INC.: $30 million of 12% 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/83402/000095011603002731/s-3a.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.

SEAT PAGINE GIALLE: €1.2 billion bonds; to help fund €6 billion LBO by BC Partners, CVC, Investitori Associati and Permira

PINNACLE FOODS CORP.: high yield bonds; Deutsche Bank Securities, JP Morgan; also senior secured credit facility; to fund $485 million acquisition by JPMorgan Partners and C. Dean Metropoulos, from Hicks, Muse, Tate & Furst Inc.; expected to launch after Labor Day

MB TECH, INC.: high-yield non-convertible bond; to acquire the U.S. and German operating subsidiaries of Willtek, Inc. (Korea); Los Angeles-based manufacturer and distributor of satellite components.

MICHAEL FOODS, INC.: New bonds and bank loan; Banc of America Securities; to finance the LBO by Thomas H. Lee Partners.

EMERGING MARKETS CORPORATE OFFERINGS

INDOSAT FINANCE CO. BV: $300 million guaranteed notes due 2010 (B2/B+); ING (global coordinator and books), Barclays Capital , Goldman Sachs (books); Rule 144A/Regulation S; non-callable for five years; to repay debt raised by issuer's cellular unit; subsidiary of P.T. Indonesian Satellite Corp. Tbk; roadshow started Oct. 21; price talk 7 ½%-8%.

RELIANCE INDUSTRIES: $750 million bond due 2008 (existing ratings Ba2/BB); Credit Suisse First Boston; diversified Indian company; expected to price during week of Nov. 3.

EMERGING MARKETS OFFERINGS ON THE HORIZON

KOREA EXCHANGE BANK CREDIT SERVICE CO. LTD. $100-$150 million of subordinated fixed-rate notes due 2013 (B3/CCC+) with warrants; Credit Suisse First Boston; non-callable for five years; Rule 144A/Regulation S.

PT BANK MANDIRI: up to $400 million of new debt securities; expected first quarter of 2004.

SATELLITES MEXICANOS SA DE CV: $80 million floating-rate notes.

ROADSHOWS

Started Oct. 15 in Europe: NALCO CO. $1.8 billion equivalent; Citigroup, Banc of America Securities, Deutsche Bank Securities, Goldman Sachs, JP Morgan, UBS Investment Bank; Rule 144A; 8NC4 and 10NC5

Oct. 20-29: GAYLORD ENTERTAINMENT CO. $225 million; Banc of America Securities, Deutsche Bank Securities, CIBC World Markets; Rule 144A; 10NC5

Started Oct. 21: INDOSAT FINANCE CO. B.V. $300 million; Goldman Sachs; Barclays Capital, ING; 10-year maturity

Oct. 21-29: NEIGHBORCARE, INC. $225 million; Goldman Sachs, UBS Investment Bank; Rule 144A; 10NC5

Started Oct. 20 week: O'CHARLEY'S INC. $125 million; Wachovia Securities; Rule 144A/Regulation S; 10NC5

Oct. 23-Nov. 4: RIVER ROCK ENTERTAINMENT AUTHORITY $190 million; CIBC World Markets; Rule 144A; 8NC4

Oct 24-29: TELEX COMMUNICATIONS INC. $125 million; Jefferies; Rule 144A/Regulation S; 5NC3

Oct. 27-Nov. 6: QUALITY DISTRIBUTION, LLC $125 million; Credit Suisse First Boston, Deutsche Bank Securities; Rule 144A; 7NC4

Starts Oct. 27: JENOPTIK AG €150 million; Goldman Sachs, HVB; Regulation S; 7NC4

Oct. 28-Nov. 6: MASSEY ENERGY CO. $360 million; UBS Investment Bank; Rule 144A/Regulation S; 7NC4

RECENT SHELF FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION

G&K SERVICES, INC.: $200 million shelf filed Oct. 22 for debt securities, class A common stock and securities warrants; debt may be issued as convertibles; Minnetonka, Minn. provider of corporate uniforms and related products will use proceeds for working capital, the repayment of indebtedness, to expenditures in connection with acquisitions and for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/39648/000095013403013799/c80203sv3.htm

MAGNA ENTERTAINMENT CORP.: $300 million shelf filed Oct. 23 for debt securities, class A subordinate voting stock and securities warrants; debt may be issued as convertibles; Aurora, Ont. owner and operator of horse racetracks will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1093273/000090514803003665/efc3-0775_5324724fms3.txt

PEABODY ENERGY CORP.: $1.25 billion shelf filed Oct. 22 for debt securities, common stock, preferred stock, preferred stock purchase rights, warrants and units; securities may be issued as convertibles; St. Louis coal company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1242381/000095012303011611/y90838sv3.htm

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