High Yield Calendar

Total amount of high-yield bond offerings being marketed: $3.050 billion and €500 million

WEEK OF JULY 25

SUNGARD DATA SYSTEMS INC.: $1.25 billion senior unsecured notes due 2013 (B3/B-); fixed-rate, non-callable for four years, price talk 9¼% area, and floating-rate notes, non-callable for two years, price talk Libor plus 450-475 basis points; Deutsche Bank Securities, JP Morgan, Citigroup, Goldman Sachs & Co., Morgan Stanley, Banc of America Securities (books), co-managers expected to emerge; Rule 144A; to help fund the $11.3 billion acquisition of the company by Solar Capital Corp., a group formed by Silver Lake Partners, Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. LP, Providence Equity Partners and Texas Pacific Group; Wayne, Pa.-based software company; books close Tuesday; expected to price Wednesday.

L-3 COMMUNICATIONS CORP.: $1 billion senior subordinated notes due 2015 (Ba3/BB+/BB); Lehman Brothers, Banc of America Securities (joint), Bear Stearns & Co. Credit Suisse First Boston, others (co's); Rule 144A; non-callable for five years; three-year 35% equity clawback; also $500 million convertibles; Rule 144A; to fund a portion of its acquisition of The Titan Corp.; L-3 Communications is a provider of intelligence, surveillance and reconnaissance systems, secure communications systems, aircraft modernization, training and government services and supplier of high technology products, has headquarters in New York City; investor call 12 p.m. ET Tuesday; pricing expected Wednesday afternoon.

FTI CONSULTING INC.: $175 million senior notes due 2013 (Ba2/B+); Goldman Sachs & Co., Banc of America Securities (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; three-year 35% equity clawback; also $125 million convertible senior subordinated notes; to repurchase at least $100 million of common shares, repay bank debt and general corporate purposes; Annapolis, Md., turnaround, restructuring, bankruptcy and related consulting services provider; roadshow started July 20; pricing expected July 28.

CORRAL INVESTMENT CO. (PREEM HOLDINGS): €500 million approximate senior floating-rate split-coupon notes and loans due 2010 to be sold in dollar and euro denominations; Deutsche Bank Securities; initial margin is Euribor plus 150 bps in cash and Euribor plus 650 bps PIK (total 8%); 1% cash coupon step-up after months 20, 30 and 36; callable at par after March 31, 2006, and at 102 after March 31, 2007; Preem Petroleum AB is a Stockholm, Sweden-based oil refining company; investor lunch scheduled for Tuesday.

WEEK OF AUG. 1

ACCO WORLD CORP.: $350 million of senior subordinated notes due 2015 (B2/B); Citigroup, Goldman Sachs & Co. (joint); Rule 144A/Regulation S; non-callable for five years; also $750 million credit facility; to finance repayment of special dividend notes issued to the company's stockholders, to repay existing debt of General Binding Corp. and Acco, related to Fortune Brands Inc.'s spinoff of Acco and merger of Acco with General Binding Corp. to form a new entity called Acco Brands; Acco is an Lincolnshire, Ill.-based supplier of branded office products; roadshow July 27-Aug. 2, pricing thereafter.

STANLEY-MARTIN COMMUNITIES LLC: $125 million senior subordinated notes due 2015 (B3/B-); Wachovia Securities; Rule 144A with registration rights; non-callable for five years; to refinance existing debt and for general corporate purposes; Washington, D.C.-area private home builder with headquarters in Reston, Va.; roadshow started July 25; pricing Aug. 3.

CARDTRONICS INC.: $150 million senior subordinated notes due 2013 (B-); Banc of America Securities (books), BNP Paribas (joint lead), JP Morgan (co); Rule 144A with registration rights; non-callable for four years; to repay bank debt; Houston-based company operates the largest network of automated teller machines in the United States and is a leading ATM operator in the U.K.; roadshow July 26-Aug. 3, with pricing thereafter.

SUMMER 2005 BUSINESS

GAMESTOP CORP.: $950 million senior unsecured guaranteed notes (Ba3/B+): $300 million senior unsecured guaranteed floating-rate notes due 2011 and $650 million senior unsecured guaranteed fixed-rate notes due 2012; Banc of America Securities LLC, Citigroup, Merrill Lynch & Co.; to fund acquisition of EB Games; GameStop is an electronic gaming company based in Grapevine, Texas, expected to be announced late in July 18 week.

GLOBAL TOYS ACQUISITION LLC: High-yield bonds; Deutsche Bank Securities, Banc of America Securities LLC; also a $2.85 billion U.S. asset-based debt facility, and a $350 million European working capital facility; to back the $6.6 billion Toys "R" Us Inc. acquisition by Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust; expected summer 2005.

SIRIUS SATELLITE RADIO INC.: $250 million senior secured notes due 2015; to redeem outstanding 15% senior secured discount notes due 2007 and 14½% senior secured notes due 2009, and for general corporate purposes; New York-based satellite radio broadcast company.

THE NEIMAN MARCUS GROUP INC.: $3.9 billion debt financing, including senior secured notes, revolving credit facility, term loans and possibly bridge loans; Credit Suisse First Boston to lead debt financing; to support acquisition of the company by Texas Pacific Group and Warburg Pincus LLC.

ON THE HORIZON

AMADEUS GLOBAL TRAVEL DISTRIBUTION SA: €1 billion (approximate); Credit Suisse First Boston, BNP Paribas plus others; 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.

BROOKSTONE INC.: $190 million senior notes; to finance its leveraged buyout; also $100 million five-year asset-based senior secured revolving credit facility via Bank of America, Goldman Sachs Credit Partners LP and UBS Securities; Merrimack, N.H., product developer and specialty retail 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.

CAITHNESS COSO PARTNERSHIPS/CAITHNESS COSO FUNDING CORP.: $90 million (approximate) subordinated secured notes due 2014 (Ba2//BB-) as part of overall $465 million bond offering; also includes $375 million senior secured bonds due 2019 (Baa3//BBB-); Rule 144A/Regulation S; to redeem about $208 million outstanding series B senior secured notes due in 2009, fund various reserve accounts, make loans to the Coso Partnerships to allow for distributions to their respective beneficial owners; special-purpose entities of Caithness Energy LLC, a privately held independent company with headquarters in New York City specializing in power generation, focusing on the development, acquisition, operation and management of renewable geothermal, wind and solar energy power projects, as well as environmentally friendly fossil-fueled projects.

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; roadshow started March 14 week in Asia, March 17 in London, March 18-21 in Boston and New York City.

HIT ENTERTAINMENT PLC: $172 million senior subordinated notes due 2013 (CCC+); also proposed $453 million credit facility via Merrill Lynch and Deutsche Bank, bank meeting July 13; to help fund Apax Partners' leveraged buyout of HIT Entertainment; London-based producer of children's television programming, including Barney and Friends and Bob the Builder.

PACIFIC ENERGY PARTNERS: High-yield bonds as part of the funding for $455 million acquisition of some terminal and pipeline assets from subsidiaries of Valero LP; $400 million five-year secured revolving credit facility and a $300 million 364-day bridge facility; Bank of America and Lehman Brothers; Long Beach, Calif., master limited partnership engaged in the business of gathering, transporting, storing and distributing crude oil and other related products.

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.

TIM HELLAS: Bond financing to back €1.1 billion buyout of the company by Apax Partners and Texas Pacific Group from Telecom Italia; Deutsche Bank Securities, JP Morgan, others; TIM Hellas is the Greek mobile telephone operation, of which Telecom Italia is the majority stake-holder; expected to close in July.

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.

SPLIT-RATED OFFERINGS

METHANEX CORP.: $150 million senior unsecured notes due 2015 (Ba1/BBB-/BBB); ABN Amro, BNP Paribas (joint), CIBC World Markets, RBC Capital Markets (co's); registered; non-callable for life; proceeds together with cash on hand, to repay in full the company's existing $250 million 7¾% notes; Vancouver, B.C., producer and marketer of methanol at facilities in North America, New Zealand and Chile; roadshow July 26 in New York, Wednesday in Boston; pricing thereafter.

PREFERRED STOCK OFFERINGS

ATP OIL & GAS CORP.: $100 million perpetual preferred stock; Credit Suisse First Boston; Rule 144A; non-callable for six months; to accelerate its development activities and for general corporate purposes; Houston-based company focused on development and production of natural gas and oil in the Gulf of Mexico and the North Sea; expected to price Thursday.

ROADSHOWS

Started July 18: SUNGARD DATA SYSTEMS INC. $1.25 billion; Deutsche Bank Securities, JP Morgan, Citigroup, Goldman Sachs & Co., Morgan Stanley, Banc of America Securities LLC

Started July 20: FTI CONSULTING INC. $175 million; Goldman Sachs & Co., Banc of America Securities LLC

Started July 25: STANLEY-MARTIN COMMUNITIES LLC $125 million; Wachovia Securities

July 26-Aug. 3: CARDTRONICS INC. $150 million; Banc of America Securities LLC

July 27-Aug. 3: ACCO WORLD CORP. $350 million; Citigroup, Goldman Sachs & Co.

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