High Yield Calendar

Total amount of high-yield bond offerings being marketed: $2.630 billion and €1.060 billion

WEEK OF JUNE 21

PRIDE INTERNATIONAL, INC.: $400 million senior notes due 2014 (BB-); Citigroup, Banc of America Securities, Deutsche Bank Securities; Rule 144A; non-callable for five years; also $800 million credit facility; to retire 9 3/8% senior notes due 2007 and 10% senior notes due 2009; Houston-based drilling contractor; roadshow June 15-21; pricing June 21.

KABEL DEUTSCHLAND GMBH: €700 million equivalent senior notes due 2014 (B3//B+) in dollar and euro tranches; Deutsche Bank Securities, Morgan Stanley (physical books), Goldman Sachs & Co., Citigroup (joint bookrunners); Rule 144A/Regulation S with registration rights; non-callable for five years; to help fund purchase of former Deutsche Telekom assets Ish GmbH, Kabel BW and Iesy eKabel Hessen GmbH for €2.7 billion; largest cable network operator in Europe; European roadshow started June 7 at Deutsche Bank Securities European high yield conference, expected to price during June 21 week.

RANGE RESOURCES CORP.: $100 million add-on to 7 3/8% senior subordinated notes due 2013 (B3/B); JP Morgan, UBS Investment Bank, Banc of America Securities, Harris Nesbitt, Credit Lyonnais, Wachovia Securities; Rule 144A; Callable after July 15, 2008 at 103.688, 102.458, 101.229, par on or after July 15, 2011; equity clawback for 35% at 107.375 until July 15, 2006; to partially fund acquisition of 50% of Great Lakes Energy Partners, LLC that Range does not currently own, or general corporate purposes; Fort Worth oil and gas company operating in Permian, Mid-Continent, Gulf Coast and Appalachian regions; original $100 million priced July 16, 2003; roadshow started June 16; pricing June 22.

SEITEL, INC.: $190 million senior notes due 2012 (expected ratings B3/B-); UBS Investment Bank (books), Jefferies & Co. (co); Rule 144A; non-callable for four years; to fund exit from Chapter 11; Houston seismic information and technology company; roadshow June 15-23; pricing June 23.

AMES TRUE TEMPER: $150 million senior subordinated notes due 2012 (Caa1); Banc of America Securities (books), Wachovia Securities (co); Rule 144A; non-callable for four years; to help fund Castle Harlan's LBO of Ames True Temper from Wind Point Partners; Camp Hill, Pa. manufacturer of non-motorized lawn and garden tools; roadshow June 15-23.

PARAMOUNT RESOURCES: $125 million senior notes due 2014 (expected ratings B2/B); UBS Investment Bank (books), Harris Nesbitt, CIBC World Market, Scotia Capital (co's); public; non-callable for five years; to fund acquisition of Chevron Oil & Gas assets from Enerplus; Calgary, Alta.-based oil and gas exploration and development company; roadshow June 22-24; pricing June 24.

PIERRE FOODS: $125 million senior subordinated notes due 2012 (B3/B-); Banc of America Securities, Wachovia Securities (joint); Rule 144A; non-callable for four years; to fund the LBO by Madison Dearborn Partners, including the tender for the senior notes due 2006; Cincinnati producer of cooked branded and private label protein, bakery products and microwaveable sandwiches; roadshow June 16-24; expected to price late in the June 21 week.

WORNICK CO.: $125 million senior secured notes due 2011 (B2/B+); Jefferies & Co. (books), CIBC World Markets (co); Rule 144A; non-callable for four years; to fund acquisition of Wornick by Veritas Capital; Cincinnati-based provider of military food rations and other packaged food products; roadshow started June 16; pricing late in the week of June 21.

MEDICAL DEVICE MANUFACTURING, INC.: $190 million senior subordinated notes due 2012 (B-); Credit Suisse First Boston; Rule 144A; non-callable for four years; subsidiary of UTI Corp., subsidiary of UTI Corp., a Collegeville, Pa. provider of metal and plastic components, assemblies, and finished devices to medical device OEM's; roadshow started June 15.

K2 INC.: $150 million senior notes due 2014 (Ba3); JP Morgan, Banc of America Securities; Rule 144A; Treasuries plus 50 bps make-whole call first five years, then callable at a premium; also $75 million equity offering; to help fund acquisition of Volk Sports, Marker Group, Marmot Mountain Ltd. and to repay debt; Carlsbad, Calif. sporting goods manufacturer; roadshow started June 17; pricing June 25.

SICPA: €160 million senior notes due 2011; Credit Suisse First Boston, BNP Paribas (joint); Rule 144A/Regulation S; non-callable for three years; to repay bank debt; Lausanne, Switzerland-based ink manufacturer; European roadshow started June 18; pricing late in June 21 week or early in June 28 week.

DUERR AG: €200 million senior subordinated notes due 2011; Deutsche Bank Securities; Rule 144A/Regulation S; non-callable for four years; also €400 million bank loan; to repay bank debt; Stuttgart, Germany automotive parts supplier; roadshow starts June 22 in Europe.

WEEK OF JUNE 28

MEDCATH HOLDINGS CORP.: $150 million senior notes due 2012; Banc of America Securities, Wachovia Securities, Citigroup (joint), JP Morgan (co); Rule 144A/Regulation S; non-callable for four years; also $200 million senior secured credit facility; to repay debt and general corporate purposes; wholly owned subsidiary of Charlotte, N.C.-based MedCath Corp., a healthcare provider focused primarily on the diagnosis and treatment of cardiovascular disease; roadshow June 21-29.

HORIZON LINES HOLDING CORP.: $250 million senior notes due 2012 (B3); Goldman Sachs & Co., UBS Investment Bank (joint), ABN Amro (co); Rule 144A; non-callable for four years; also $275 million credit facility; to help fund Castle Harlan Inc.'s acquisition of Horizon Lines from Carlyle Group for $650 million; Charlotte, N.C., container shipping company; Roadshow June 22-30.

JUNE BUSINESS

US ONCOLOGY: $675 million via Rule 144A: $200 million senior notes due 2012 (B-), non-callable for four years, and $475 million senior subordinated notes due 2014 (B-), non-callable for five years; Citigroup, JP Morgan, Wachovia Securities; also $500 million senior secured credit facility; to help fund LBO by Oiler Acquisition Corp., an affiliate of Welsh, Carson, Anderson & Stowe IX, LP; Houston cancer treatment services company; expected to price in June.

THIRD QUARTER

ROCKWOOD SPECIALTIES INC.: €500-€600 million high yield notes; Credit Suisse First Boston, Goldman Sachs & Co., UBS Investment Bank; to help finance €2.25 billion acquisition of MG Technologies CeramTec, Chemetall, Sachtleben and DNES divisions; Princeton, N.J. chemical manufacturer; transaction expected to close third quarter of 2004.

ON THE HORIZON

TUI AG: €250 million floating-rate notes due 2009; The Royal Bank of Scotland, WestLB; Regulation S; to refinance short- and medium-term debt; Hanover, Germany-based tourism group, with operations in shipping and logistics; "near future" transaction according to June 15 press release.

BELDEN & BLAKE: $150 million bonds and $200 million bank deal (approximate amounts); Goldman Sachs & Co.; to help fund tender for $225 million 9 7/8% senior subordinated notes due 2007; North Canton, Ohio natural gas and oil exploration, development and production company in Appalachian and Michigan basins.

BOB EVANS FARMS: $190 million debt securities; NatCity Investments; to fund acquisition of Tustin, Calif.-based SWH Corporation (Mimi's Cafe) for $182 million in cash, including assumption of $78.7 million of debt, expected to be completed in July; Columbus, Ohio-based Bob Evan Farms owns and operates 561 family restaurants in 21 states.

AMERICAN EQUITY INVESTMENT LIFE HOLDING CO.: $150 million senior notes due 2014 and 2016 (BB+); Merrill Lynch & Co., Raymond James, Advest, Wachovia Securities; off shelf; non-callable for life; to refinance bank debt and general corporate purposes; West Des Moines, Iowa underwriter of annuity and insurance products; delayed May 7 pending Fitch rating.

HOLLYWOOD ENTERTAINMENT: $600 million: $400 million senior notes $200 million senior subordinated notes; UBS Investment Bank; Rule 144A; to fund acquisition of Oscar by Carso Holdings Corp., a corporation formed by affiliates of Leonard Green & Partners, LP.

PANAMSAT CORP.: High-yield bonds and new credit facility; Credit Suisse First Boston, Citigroup to lead both components; to finance $4.3 billion acquisition by Kohlberg Kravis Roberts & Co. from DirecTV Group Inc., expected to be completed in second half of 2004; Wilton, Conn. satellite operator.

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.

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.

REFCO GROUP LTD.: Bond and bank deal; financing to be led by Bank of America, Credit Suisse First Boston and Deutsche Bank; to help fund acquisition of company by Thomas H. Lee Partners, in a transaction valued at $2.25 billion; New York City provider of risk management and investment services.

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.

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; New York City motion picture exhibitor.

DNO ASA: Two new bond loans; to refinance existing bond loans and finance new investment in petroleum licenses, mainly on the Norwegian shelf.

INCOME SECURITIES OFFERINGS IN THE MARKET

ALASKA COMMUNICATIONS SYSTEMS GROUP INC.: $400 million income deposit securities: shares of Class A common stock and senior subordinated notes due 2019; Citigroup, CIBC World Markets, JP Morgan (books), Banc of America Securities, RBC Capital Markets, Jefferies & Co., KeyBanc Capital Markets (co's); proceeds, together with cash on hand, to fund cash payment to existing stockholders and to repay existing credit facility; Anchorage, Alaska provider of fixed line and mobile telecommunications services in Alaska.

ALLIANCE LAUNDRY HOLDINGS INC.: up to $375 million of income deposit securities (IDS) comprised of 20.4 million shares of class A common stock and $116.4 million senior subordinated notes due 2019; also separate offering of $16.2 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.

AMERICAN SEAFOODS CORP.: approximately $674 million of income deposit securities and 15-year notes: 39.5 million IDSs comprised of shares of class A common stock and $171.9 million of notes due June 15, 2019, also separate offering of $27.7 million notes due June 15, 2019; CIBC World Markets, Merrill Lynch & Co. (leads), UBS Investment Bank (joint lead), Credit Suisse First Boston, RBC Capital Markets, Legg Mason, KeyBanc Capital Markets, SunTrust Robinson Humphrey, Piper Jaffray, Wells Fargo Securities, Scotia Capital, Morgan Joseph & Co.; to indirectly redeem additional equity from owners of affiliate, American Seafoods, LP.

B&G FOODS HOLDINGS CORP.: approximately $450 million proceeds from sale of 28.4 million Enhanced Income Securities (EIS), representing 28.4 million shares of class A common stock and $196.2 million senior subordinated notes due 2016; Also separate offering of $26.5 million senior subordinated notes due 2016; RBC Capital Markets, Credit Suisse First Boston, Merrill Lynch & Co. (joint books), Lehman Brothers and Piper Jaffray; registered; to repay bank debt, call $220 million 9 5/8% senior subordinated notes due 2007 at 103.208 and repurchase preferred stock and a significant portion of outstanding class B common stock; Parsippany, N.J. manufacturer of food products.

COINMACH SERVICE CORP.: $400 million income deposit securities (Caa1) comprised of shares of class A common stock and senior secured notes due 2024; also separate offering of senior secured notes due 2024; Merrill Lynch & Co.; 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.: $161 million Enhanced Income Securities comprised of class A common stock and senior subordinated notes due 2016, also separate offering of senior subordinated notes due 2016; RBC Capital Markets (books), KeyBanc Capital Markets, Oppenheimer, SunTrust Robinson Humphrey; 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, Tex. prescription optical retail chain owner.

FAIRPOINT COMMUNICATIONS INC.: $750 million income desposit securities; includes shares of class A common stock and senior subordinated notes due 2019; also separate offering of senior subordinated notes due 2019 (CCC+ notes only); CIBC World Markets, Citigroup, Deutsche Bank Securities (books), Banc of America Securities, Credit Suisse First Boston, RBC Capital Markets, UBS Investment Bank, Wachovia Securities (co's); to repay existing credit facility, fund tender for $115.2 million 9½% senior subordinated notes due 2008, $75 million floating-rate notes due 2008, $193 million 12½% senior subordinated notes due 2010, $225 million 11 7/8% senior notes due 2010; Charlotte, N.C. rural local-exchange carrier.

IOWA TELECOMMUNICATIONS SERVICES INC.: $725 million income deposit securities comprised of shares of common stock and senior subordinated notes due 2014, also separate offering of senior subordinated notes due 2014; CIBC World Markets, Citigroup, Lehman Brothers, UBS Investment Bank, Jefferies & Co., Legg Mason, RBC Capital Markets; to repay debt; Newton, Iowa telecommunications company.

MERISANT WORLDWIDE, INC.: $700 million income deposit securities comprised of shares of class A common stock and senior subordinated notes due 2019, also separate offering of senior subordinated notes due 2019; Credit Suisse First Boston, RBC Capital Markets, Merrill Lynch & Co. (joint); to repay bank debt, repurchase discount notes, repurchase senior subordinated notes, repurchase class B common stock, fund payments under existing management incentive plans; formerly known as Tabletop Holdings, Inc., Chicago company markets low calorie tabletop sweeteners.

RURAL LEC ACQUISITION LLC: $190 million income deposit securities comprised of class A common stock and senior subordinated notes due 2019; CIBC World Markets, RBC Capital Markets; 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.

TRANSCORE HOLDINGS INC.: $375 million Enhanced Yield Securities comprised of class A common stock and senior subordinated notes due 2016, also separate offering of senior subordinated notes due 2016; Lehman Brothers; proceeds, along with a new credit facility, to repay existing credit facility, redeem common and preferred stock and make other payments to security holders and employees; Harrisburg, Pa. provider of information technology to toll road operators, state departments of transportation, trucking companies and freight brokers.

UAP HOLDING CORP.: $680 million income deposit securities and senior subordinated notes due 2019: $640 million of income deposit securities comprised of 32 million securities to price at approximately $20.00 per security, to include shares of common stock (valued at $11.41 per share), and $275 million of senior subordinated notes due 2019 (valued at $8.59 per note); also separate offering of $39.7 million senior subordinated notes due 2019 (Caa3 on both debt offerings); Credit Suisse First Boston, UBS Investment Bank, CIBC World Markets (joint), Goldman, Sachs & Co., Merrill Lynch & Co (co's); to take out preferred stock owned by ConAgra and stock owned by company executives and Apollo Management V LP; subsidiary of United Agri Products, the former ConAgra agricultural products business.

VALOR COMMUNICATIONS GROUP, INC.: $875 million income deposit securities: shares of class A common stock and senior subordinated notes due 2019, also separate offer of senior subordinated notes due 2019 (CCC+ on both debt offerings), notes non-callable for seven years; CIBC World Markets, Merrill Lynch & Co., Lehman Brothers (joint), Banc of America Securities, JP Morgan (co's); to purchase subsidiaries' stock and repay debt; Irving, Tex.-based telecommunications provider.

XERIUM TECHNOLOGIES, INC.: $700 million income deposit securities comprised of shares of class A common stock and senior subordinated notes due 2019; also separate offering 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

Started June 7 in Europe, June 11 in U.S.: KABEL DEUTSCHLAND GMBH €700 million equivalent; Deutsche Bank Securities

Started June 15: MEDICAL DEVICE MANUFACTURING, INC. $190 million; Credit Suisse First Boston

June 15-23: SEITEL, INC. $190 million; UBS Investmet Bank

June 15-21: PRIDE INTERNATIONAL, INC. $400 million; Citigroup, Banc of America Securities, Deutsche Bank Securities

June 15-23: AMES TRUE TEMPER $150 million; Banc of America Securities

Started June 16: RANGE RESOURCES CORP. $100 million add-on; JP Morgan

Started June 16: WORNICK CO. $125 million; Jefferies & Co.

June 16-24: PIERRE FOODS $125 million; Banc of America Securities, Wachovia Securities

Started June 17: K2 INC. $150 million; JP Morgan

Started June 18 in Europe: SICPA €160 million; Credit Suisse First Boston, BNP Paribas

June 21-29: MEDCATH HOLDINGS CORP. $150 million; Banc of America Securities, Wachovia Securities, Citigroup

Starts June 22 in Europe: DUERR AG €200 million; Deutsche Bank Securities

June 22-24: PARAMOUNT RESOURCES $125 million; UBS Investment Bank

June 22-30: HORIZON LINES HOLDING CORP. $250 million; Goldman Sachs & Co., UBS Investment Bank

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