Total amount of dollar-denominated high-yield bond offerings being marketed: $2.188 billion

WEEK OF JUNE 30

JACUZZI BRANDS, INC.: $370 million senior secured notes due 2010 (B3/B); Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for four years; to help repay debt under existing credit facilities and redeem 7 1/8% senior notes due 2003, 11 ½% senior notes due 2005 and 7 ½% senior notes due 2006; West Palm Beach, Fla. manufacturer and distributor of bath and plumbing products; price talk 9 ¾%-10%; pricing June 30.

HEIDELBERGCEMENT AG: $708 million (equivalent) senior notes due 2010 (Ba1/existing BB+); Deutsche Bank Securities, Citigroup, Royal Bank of Scotland (joint); Rule 144A/Regulation S; non-callable for four years; to refinance debt; roadshow started June 23; price talk 7 ½%-7 ¾%; pricing expected on July 1.

WACKENHUT CORRECTIONS CORP.: $150 million senior unsecured notes due 2013 (B1/B); BNP Paribas, Lehman Brothers (joint); Rule 144A/Regulation S; non-callable for five years; to help fund repurchase of 12 million shares of common stock from Group 4 Falck A/S and to refinance existing credit facility; Palm Beach Gardens, Fla.-based privatized correctional management services provider; roadshow started late in week of June 16; expected to price during week of June 23.

MOHEGAN TRIBAL GAMING AUTHORITY: senior subordinated financing; Banc of America Securities and Citigroup dealer managers on tender for $300 million of 8 ½% senior subordinated notes due 2009; quick-to-market transaction anticipated, expected to price early n the week of June 30.

TEKSID SPA: €250 million in two tranches (dollars and euros) of senior notes due 2011 (B2/B-); JP Morgan; non-callable for four years; to fund LBO by Questor Partners, JP Morgan Partners, Private Equity Group and AIG; Barcelona, Spain producer of metallurgical products for automotive industry; Europe roadshow began June 27, U.S. roadshow starts July 8; pricing expected during week of June 30.

ORBITAL SCIENCES CORP.: $135 million of senior notes due 2011 (B+); Banc of America Securities (books), Jefferies (co); Rule 144A; to refinance $135 million outstanding 12% second priority secured notes due 2006; Dulles, Va. developer and manufacturer small space and missile systems for commercial, civil government and military customers; roadshow started June 25; expected to price middle of June 30 week.

JUNE BUSINESS

PHARMA SERVICES: $450 million senior subordinated notes (B3); Citigroup; also $425 million credit facility; to fund the LBO of Quintiles; Durham, N.C. provider of product development and commercial development solutions to pharmaceutical, biotechnology and medical device industries.

SECOND QUARTER

RIVERWOOD HOLDING INC./GRAPHIC PACKAGING INTERNATIONAL CORP.: $1.5 billion financing in high yield bonds and bank debt; notes via Goldman Sachs, 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.

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.

WEEK OF JULY 7

ARDAGH GLASS: €175 million senior notes due 2013; BNP Paribas, Citigroup (joint); Rule144A/Regulation S; non-callable for five years; to refinance debt; Dublin, Ireland glass bottle manufacturer; European roadshow starts June 30, U.S. roadshow starts July 7; expected to price July 8.

ROCKWOOD SPECIALTIES GROUP INC.: $375 million senior subordinated notes due 2011 (B-); JP Morgan, Merrill Lynch, Goldman Sachs; Rule 144A; also $535 million senior secured bank facilities; to fund recapitalization plan; Princeton, N.J. chemical co.; roadshow starts late in the week of June 23 or early in the week of June 30; pricing on or around July 10.

CALPINE CORP.: $1.8 billion second-priority senior secured notes and term loans; Goldman Sachs; Rule 144A; also new $500 million first priority lien working capital revolver; to repay approximately $950 million of Term Loan B, $450 million under the working capital revolvers, and outstanding public debt in open-market purchases; San Jose, Calif.-based independent power producer; roadshow started June 27; pricing during the week of July 7.

JULY BUSINESS

MEDCO HEALTH SOLUTIONS, INC.: $500 million senior notes due 2013 (Ba1/BBB); Goldman Sachs, JP Morgan, Citigroup; also $1.15 billion senior secured credit facility; public; callable; 35% equity clawback for three years; to help pay cash dividend to Merck; roadshow expected in July.

ON THE HORIZON

SEMINIS INC.: $175 million (minimum) high-yield bonds; also new credit facility led by Citigroup and Bank of Montreal; part of merger agreement with Savia, SA de CV

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

UNITED STATES CAN COMPANY: $125 million second priority senior secured notes; Rule 144A/Regulation S; to fund a partial paydown the senior secured bank facility and increase availability under the revolver for working capital and general corporate purposes; wholly owned subsidiary of U.S. Can Corp., a manufacturer of steel containers for personal care, household, automotive, paint and industrial products, based in Lombard, Ill.

ROADSHOWS

Started late in week of June 16: WACKENHUT CORRECTIONS CORP. $150 million; BNP Paribas, Lehman Brothers; Rule 144A/Regulation S; 10NC5

Started June 23: HEIDELBERGCEMENT AG €600 million; Deutsche Bank Securities, Citigroup, Royal Bank of Scotland; Rule 144A/Regulation S; 7NC4

Started June 25: ORBITAL SCIENCES CORP. $135 million; Banc of America Securities; Rule 144A; 8-year maturity.

Starts June 30: CALPINE CORP.: $1.8 billion (bonds and loans); Goldman Sachs; Rule 144A

Started in Europe June 27, U.S. to start July 8: TEKSID S.P.A. euro 250 million; JP Morgan; 8NC4

Starts June 30 in Europe, July 7 in U.S.: ARDAGH GLASS euro 175 million; BNP Paribas, Citigroup; Rule144A/Regulation S; 10NC5

Starts late in the week of June 23 or early in the week of June 30: ROCKWOOD SPECIALTIES GROUP INC. $375 million; JP Morgan, Merrill Lynch, Goldman Sachs; Rule 144A; 8-year maturity

Starts in July: MEDCO HEALTH SOLUTIONS, INC. $500 million; Citigroup, JP Morgan, Goldman Sachs; 10-year maturity

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