High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $2.43 billion

WEEK OF APRIL 28

POLYONE CORP.: $250 million of senior notes due 2010 (B2/BB-); Citigroup (books), NatCity Investments, McDonald (co's); Rule 144A; non-callable for four years; to repay $87.8 million of senior debt maturing in Sept. 2003, to repay revolver, to reduce amount sold under accounts receivable facility; Cleveland-based polymer services company; roadshow April 22-30.

OWENS-BROCKWAY GLASSS CONTAINER, INC.: $800 million; Deutsche Bank Securities, Banc of America Securities; Rule 144A; $450 million senior secured notes due 2011, non-callable for four years; $350 million senior notes due 2013, non-callable for five years; to repurchase $300 million 7.85% senior notes due 2004 and permanently reduce revolver the secured credit agreement, which matures March 31, 2004; wholly-owned subsidiary of Owens-Illinois, Inc.; roadshow April 23-April 29; pricing expected April 30.

PHILLIPS-VAN HEUSEN CORP.: $150 million senior notes due 2013 (BB-); Credit Suisse First Boston, JP Morgan, Lehman Brothers (joint); Rule 144A; non-callable for five years; to repay $125 million bridge loan used to partially fund acquisition of Calvin Klein and for general corporate purposes; New York City-based apparel company; roadshow April 22-30; to price April 30.

CMA CGM SA: €150 million notes due 2010 (BB-); Citigroup (books), BNP Paribas, Natexis BP (co-lead); Rule 144A/Regulation S; non-callable for four years; to repay debt and acquire vessels; French container ship firm; roadshow April 28-May 2.

CORRECTIONS CORP. OF AMERICA: $200 million senior notes due 2011 (expected ratings B1/B); Lehman Brothers (books), Deutsche Bank Securities, UBS Warburg (co's); off the shelf; non-callable for four years; three-year equity clawback; to finance purchase of up to 90% of series B preferred stock, to finance redemption of series A preferred stock, to repurchase 3,362,899 shares of common stock to be issued on conversion of the $40 million convertible notes and to pay down term loan; Nashville private prison operator; roadshow April 23-May 2.

http://www.sec.gov/Archives/edgar/data/1070985/000095014403004442/g81691ae424a.htm

APRIL BUSINESS

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), Salomon Smith Barney, Credit Suisse First Boston (co's); to fund merger of Riverwood Holding Inc. and Graphic Packaging International Corp.

AES CORP.: $1 billion second priority senior secured notes; to fund cash tender for outstanding senior and subordinated notes and pay down $475 million of senior bank facility; Salomon Smith Barney and UBS Warburg LLC are joint dealer managers for the tender offer, which expires May 2; Arlington, Va. energy company; roadshow expected to start April 21.

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, Salomon Smith Barney, Credit Suisse First Boston and Merrill Lynch; to repay debt and for general corporate purposes; motion picture exhibitor headquartered in New York City.

HAYES LEMMERZ INTERNATIONAL, INC.: senior notes; Lehman Brothers, Salomon Smith Barney (joint); part of Chapter 11 exit financing; company received commitment of up to $550 million of exit financing from Citigroup Inc. to support plan of reorganization; confirmation hearing set for May 7; Northville, Mich.-based auto parts supplier; expected to price in second quarter of 2003.

ON THE HORIZON

LAIDLAW, INC.: $300 million senior secured notes (B2/B+); part of Chapter 11 exit financing; company also obtaining new $825 million credit facility via Citigroup and Credit Suisse First Boston; Burlington, Ont. bus and health care transportation provider.

ROADSHOWS

April 22-30: PHILLIPS-VAN HEUSEN CORP. $150 million; Credit Suisse First Boston, JP Morgan, Lehman Brothers; Rule 144A; 10NC5

April 22-30: POLYONE CORP. $250 million; Citigroup; Rule 144A; 7NC4

April 23-30: OWENS-BROCKWAY GLASSS CONTAINER, INC. $800 million (two tranches); Deutsche Bank Securities, Banc of America Securities; Rule 144A; 7NC4 and 10NC5

April 23-May 2: CORRECTIONS CORP. OF AMERICA $200 million; Lehman Brothers; shelf; 7NC4

April 28-May 2: CMA CGM SA €150 million; Citigroup; Rule 144A/Regulation S; 7NC4

RECENT SHELF FILINGS WITH THE SEC

ALARIS MEDICAL, INC.: $550 million shelf filed April 17 for debt securities, common stock, preferred stock, depositary shares, stock purchase units, stock purchase contracts and warrants; securities may be issued as convertibles; San Diego medication safety company will use proceeds to refinance some or all of its 11 1/8% senior discount notes due 2008 and Alaris Medical Systems' 11 5/8% senior secured notes due 2006 and 9¾% senior subordinated notes due 2006.

http://www.sec.gov/Archives/edgar/data/817161/000104746903013730/a2108729zs-3.htm

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