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Published on 9/8/2003 in the Prospect News High Yield Daily.

High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $2.92 billion

WEEK OF SEPT. 8

DOBSON COMMUNICATIONS CORP.: $600 million senior notes due 2013; Lehman Brothers, Morgan Stanley, Bear Stearns (joint); Rule 144A/Regulation S; non-callable for five years; also $700 million credit facility; to refinance and replace existing credit facilities, fund repurchase of $189 million 12¼% Dobson/Sygnet Communications Co. senior notes, repurchase part of Dobson's 12¼% senior preferred stock; Oklahoma City-based rural cellular telephone services provider; roadshow starts Sept. 9; pricing late Sept. 8 week.

TOM BROWN, INC./TOM BROWN RESOURCES FUNDING CORP.: $225 million in units of senior subordinated notes due 2013 (Ba3/expected BB-); Goldman Sachs (books), JPMorgan, Merrill Lynch (joint leads), BNP Paribas, Citigroup, Scotia Capital, Wachovia (co-managers); off-the-shelf; non-callable for five years; to repay debt incurred in acquisition of Matador Petroleum Corp. and to repay other debt; Denver-based oil and gas exploration and production company; roadshow started Sept. 5; expected to price Sept. 11 or 12.

http://www.sec.gov/Archives/edgar/data/14803/000095012303010133/d08800b3e424b3.txt

QUINTILES TRANSITIONAL CORP. (Pharma Services): $450 million senior subordinated notes due 2013 (B3/expected B); Citigroup; Rule 144A with registration rights; non-callable for five years; also $75 million revolver and $315 million senior secured term loan B; to fund LBO by One Equity Partners, LLC and repay debt; Research Triangle Park, N.C.-based service provider to healthcare industry; roadshow Sept. 3-12; pricing Sept. 12.

COMPANHIA BRASILEIRA DE BEBIDAS (AmBev): $300 million notes due 2013; Citigroup (Fitch BBB-); Rule 144A/Regulation S; to fund capital expenditures, repay short-term debt and general corporate purposes; subsidiary of Sao Paolo, Brazil-based brewer (Companhia de Bebidas das Americas); business for the week of Sept. 8.

INNOVA S de RL de CV: $200 million of senior unsecured notes, in seven-year non-call-four and 10-year non-call five tranches (B2/B+); Citigroup, JP Morgan; Rule 144A/Regulation S (with registration rights); to partially refinance $375 million of senior notes due in 2007; company provides satellite television service in Mexico; roadshow during Sept. 8 week.

GAZPROM: €500 million (upsizing anticipated); Deutsche Bank Securities, UBS Investment Bank; now on road in Europe and Asia Sept. 10-15.

PT BANK RAKYAT INDONESIA: $150 million bonds; UBS Investment Bank; 100% owned by government of Indonesia; roadshow Sept. 8-12.

WEEK OF SEPT. 15

BUCKEYE TECHNOLOGIES INC.: $200 million senior notes due 2013 (B3/B+); Citigroup, UBS Investment Bank (joint); Rule 144A; non-callable for five years; to redeem 8½% senior subordinated notes due 2005 and repay bank debt; Memphis, Tenn. manufacturer of specialty cellulose and absorbent products; roadshow Sept. 4-15.

BRODER BROTHERS: $175 million senior notes due 2010 (B3/B-); UBS Investment Bank (books), Banc One Capital Markets (co); Rule 144A; non-callable for four years; to help fund acquisition of Alpha, sponsored by Bain Capital, and repay Broder and Alpha debt; Plymouth, Mich.-based distributor of imprintable sportswear and accessories; roadshow Sept. 5-16; expected to price on or about Sept. 16.

MAJESTIC STAR CASINO LLC/MAJESTIC STAR CAPITAL CORP.: $270 million senior secured notes due 2010; Jefferies & Co.; Rule 144A; non-callable for four years; three-year equity clawback; also $80 million four-year senior secured credit facility; to fund tender for notes; Gary, Ind.-based gaming company; roadshow started Sept. 5; expected to price during Sept. 15 week.

SEPTEMBER BUSINESS

DRS TECHNOLOGIES: $350 million bonds and bank financing; Bear Stearns, Wachovia Securities; to help fund acquisition of Integrated Defense Technologies; defense electronics supplier based in Parsippany, N.J.; anticipated interest rate 7½%-8% on bonds; first or second week in September.

ON THE HORIZON

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

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.

QUALITY DISTRUBUTION, LLC: $125 million unsecured notes; part of financing that also includes $115 million IPO of common stock offering via Credit Suisse First Boston, Bear Stearns, Deutsche Bank Securities and $215 million credit facility; to repay existing credit facility, redeem 12½% senior subordinated secured notes, 10% senior subordinated notes and 12% junior PIK notes; Tampa, Fla. transportation company.

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.

BAVARIA: $500 million in bonds; Citigroup; to refinance debt; to be marketed in U.S. and Europe.

VON HOFFMAN CORP.: $60 million to either 2007- or 2009-maturing notes; Credit Suisse First Boston; to help fund acquisition Lehigh Press, Inc.; St. Louis-based educational and commercial printer.

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.

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.

ROADSHOWS

Sept. 3-12: QUINTILES TRANSITIONAL CORP. $450 million; Citigroup; Rule 144A; 10NC5

Sept. 4-15: BUCKEYE TECHNOLOGIES INC. $200 million; Citigroup, UBS Investment Bank; Rule 144A; 10NC5

Started Sept. 5: MAJESTIC STAR CASINO LLC/MAJESTIC STAR CAPITAL CORP. $270 million; Jefferies & Co.; Rule 144A; 7NC4

Started Sept. 5: TOM BROWN, INC./TOM BROWN RESOURCES FUNDING CORP. $225 million; Goldman Sachs; off-the-shelf; 10NC5

Sept. 5-16: BRODER BROTHERS $175 million; UBS Investment Bank, Banc One Capital Markets; Rule 144A; 7NC4

During week of Sept. 8: INNOVA S. de R.L. C.V.: $200 million; Citigroup, JP Morgan; Rule 144A/Regulation S (with registration rights); 7NC4 and 10NC5

Sept. 8-12: PT BANK RAKYAT INDONESIA $150 million; UBS Investment Bank

Starts Sept. 9: DOBSON COMMUNICATIONS CORP. $600 million; Lehman Brothers, Morgan Stanley, Bear Stearns; Rule 144A/Regulation S; 10NC5

Sept. 10-15: GAZPROM: €500 million; Deutsche Bank Securities, UBS Investment Bank


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