High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $200 million

WEEK OF AUG. 25

PGN EURO FINANCE 2003 LTD.: $200 million notes due 2013 (B-); Credit Suisse First Boston; (sub of PT Perusahaan Gas Negara); to fund gas pipeline project; price guidance 7¾% area; pricing expected week of Aug. 11.

ON THE HORIZON

ALLIED WASTE NORTH AMERICA, INC.: $750 million senior notes; part of refinancing that includes $250 million add-on term loan; bank deal via JP Morgan.

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.

RAYOVAC CORP.: $300 million senior subordinated notes; to help finance acquisition of Remington Products Co.; Madison, Wis. battery manufacturer and personal products company; expected to price within 60 days of Aug. 22 after roadshow.

RESOURCE AMERICA, INC.: $30 million of 12% 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/83402/000095011603002731/s-3a.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.

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

SATELLITES MEXICANOS SA DE CV: $80 million floating-rate notes.

PINNACLE FOODS CORP.: high yield bonds; Deutsche Bank Securities, JP Morgan; also senior secured credit facility; to fund $485 million acquisition by JPMorgan Partners and C. Dean Metropoulos, from Hicks, Muse, Tate & Furst Inc.; expected to launch after Labor Day

HUNTSMAN LLC: $300-600 million (anticipated sized $365 million) bond offering; Deutsche Bank Securities; to repay revolver; Salt Lake City-based chemical company; expected after Labor Day.

MB TECH, INC.: high-yield non-convertible bond; to acquire the U.S. and German operating subsidiaries of Willtek, Inc. (Korea); Los Angeles-based manufacturer and distributor of satellite components.

RECENT SHELF FILINGS WITH THE SEC:

BOWATER INC.: $750 million shelf filed Aug. 22 for common stock, preferred stock, depositary shares, warrants, stock purchase contracts, stock purchase units, debt securities and trust preferreds; securities may be issued as convertibles; Greenville, S.C. newsprint and paper products company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/743368/000101989203000115/forms3.txt

GRAFTECH INTERNATIONAL LTD.: $175 million shelf filed Aug. 18 for common stock, preferred stock, debt securities, depositary shares, warrants, securities purchase contracts and securities purchase units; securities may be issued as convertibles; Wilmington, Del. manufacturer of graphite- and carbon-based products will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/931148/000093244003000255/graftechforms3.txt

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