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Published on 5/1/2003 in the Prospect News High Yield Daily.

High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $1.88 billion

WEEK OF APRIL 28

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; price talk 7½%-7¾%; pricing Friday.

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

JAFRA COSMETICS INTERNATIONAL, SA de CV: $175 million senior subordinated notes due 2011 (B3/B-); Credit Suisse First Boston (books), Merrill Lynch (co); Rule 144A; non-callable for four years; also $100 million credit facility; to repay credit facility, redeem 11¾% senior subordinated notes due 2008, and make a distribution to equity holders; roadshow started April 23; price talk 10¾ %-11%, pricing Friday.

WEEK OF MAY 5

CMA CGM SA: €150 million senior notes due 2010 (B1/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; expected to price May 5.

OXFORD INDUSTRIES, INC.: $175 million senior notes due 2011 (B2); Merrill Lynch (books), SunTrust Robinson Humphries (co); Rule 144A; non-callable for four years; proceeds, together with borrowings under a new senior secured revolving credit facility and cash on hand, to finance the cash portion of the purchase price for its acquisition of Viewpoint International, Inc.; Atlanta-based manufacturer and wholesale marketer of branded and private label apparel for men, women and children; roadshow began April 28; pricing May 6.

THORNBURG MORTGAGE: $150 million senior notes due 2013 (Ba1/BB-); Credit Suisse First Boston; Rule 144A; primarily to fund loans originated by company and to purchase additional adjustable-rate mortgage securities; single family residential mortgage lender based in Santa Fe, N.M.; roadshow started April 29; expected to price late in the week of May 5.

TITAN CORP.: $200 million senior subordinated notes due 2011; Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for four years; to redeem 5¾% convertibles; San Diego-based firm builds and launches technology-based businesses; roadshow starts May 1; expected to price May 9.

INTERLINE BRANDS: $200 million senior subordinated notes due 2011 (Caa1/B-); Credit Suisse First Boston, JP Morgan (joint); non-callable for four years; to fund recapitalization; Moorestown, N.J.-distributor of repair and maintenance products; roadshow started April 30; pricing May 9 or May 12.

WEEK OF MAY 12

CB RICHARD ELLIS: $200 million senior notes due 2010 (B1); Credit Suisse First Boston; Rule 144A; non-callable for four years; to help fund acquisition of Insignia Financial Group; El Segundo, Calif.-based real estate services company; roadshow starts Friday; expected to price during the week of May 12.

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

APOGENT TECHNOLOGIES INC.: $250 million senior subordinated notes due 2013; Lehman Brothers; to help repurchase up to 15 million shares; Portsmouth, N.H. manufacturer of clinical diagnostic and life science research products; May business.

SAFILO: €225 million senior notes due 2013; Credit Suisse First Boston; non-callable for five years; to refinance bridge loan; Italian eyecare company; to price in early May.

MEDEX, INC.: $150 million senior subordinated notes due 2013 (B3/B-); Lehman Brothers, Wachovia Securities (joint), Banc One Capital Markets (co); Rule 144A; also $200 million credit facility to help fund Medex and One Equity's leveraged buyout of Johnson & Johnson's Jelco peripheral IV catheter business; Dublin, Ohio-based seller of disposable and non-disposable critical care products; expected during the first half of May.

WIMM-BILL-DANN FOODS: $150 million senior notes (B3/B+); UBS Warburg; Russia-based dairy and juice producer; to refinance existing indebtedness of $95 million and fund capital expenditures.

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, Citigroup, 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 (B1/B+); Lehman Brothers, Citigroup (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 28-May 2: CMA CGM SA €150 million; Citigroup; Rule 144A/Regulation S; 7NC4

Started April 28: RENT-A-CENTER, INC. $250 million; Lehman Brothers, JP Morgan, Morgan Stanley; Rule 144A; 7NC3 or 4

Started April 28: OXFORD INDUSTRIES, INC. $175 million; Merrill Lynch; Rule 144A; 8NC4

Started May 29: THORNBURG MORTGAGE $150 million; Credit Suisse First Boston; Rule 144A; 10-year maturity

Started May 1: TITAN CORP. $200 million; Credit Suisse First Boston; Rule 144A/Regulation S: 8NC4

Started week of April 28: INTERLINE BRANDS $200 million; Credit Suisse First Boston, JP Morgan; 8NC4

Starts May 2: CB RICHARD ELLIS $200 million; Credit Suisse First Boston; Rule 144A; 7NC4


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