High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $3.215 billion

WEEK OF OCT. 6

UNIVERSAL HOSPITAL SERVICES: $250 million senior notes due 2011 (B3/B-); Goldman Sachs, Credit Suisse First Boston (joint), CIBC World Markets, Jefferies & Co. (co's); Rule 144A; non-callable for four years; to fund tender for $135 million 10¼% senior notes due 2008; Bloomington, Minn.-based provider of medical equipment outsourcing and services to the health care industry; roadshow started Sept. 29 week; price talk 10 1/8%-10 3/8%; pricing Wednesday.

PHIBRO ANIMAL HEALTH CORP: $105 million senior secured notes units due 2007 (B2/B-): PHILBRO ANIMAL HEALTH CORP.: $85 million; PHILLIPPS BROTHERS NETHERLANDS III BV: $20 million; Jefferies & Co.; Rule 144A; non-callable for two years; to redeem part of existing senior subordinated notes, repay bank debt and a seller note owed to Pfizer; Fort Lee, N.J. manufacturer/marketer of animal health products (formerly Philipp Brothers Chemicals, Inc.); roadshow started Sept. 26; expected to price late in Oct. 6 week.

NORCRAFT COMPANIES: $150 million senior subordinated notes due 2011 (B3/B-); UBS Investment Bank (books), Wachovia Securities; Rule 144A; non-callable for four years; to finance LBO by Saunders Karp & Megrue and Trimaran; Eagan, Minn. manufacturer of kitchen and bathroom cabinetry; roadshow started Oct. 2.

WEEK OF OCT. 13

DRS TECHNOLOGIES, INC.: $200 million senior subordinated notes due 2013 (B2/B); Bear Stearns (books), Wachovia Securities (joint lead), Fleet Securities (co); Rule 144A; to help fund acquisition of Integrated Defense Technologies including repayment of that company's debt; Parsippany, N.J. defense electronics supplier; roadshow begins Oct. 7; anticipated interest rate 7½%-8%; pricing expected Oct. 15.

MOUNTAIN GODS RESORT & CASINO: $185 million senior notes due 2010 (B); Citigroup; Rule 144A with registration rights; non-callable for four years; interest reserve account for first three interest payments; to fund the remaining construction and equipment costs of the casino, repay debt, fund interest reserve account; South Central N.M.-based resort and casino owned by the Mescalero Apache tribe; roadshow Oct. 8-16.

NATIONAL NEPHROLOGY ASSOCIATES, INC.: $150 million senior subordinated notes due 2011 (B3); Banc of America Securities (books), JP Morgan, RBC (joint leads), Harris Nesbitt (co); Rule 144A; non-callable for four years; to repay bank debt, and fund payment of first phase of Saint Barnabas assets acquisition; Nashville-based provider of dialysis services; roadshow Oct. 8-16.

BOISE CASCADE CORP.: $500 million senior unsecured notes in two parts (Ba2/BB): due 2010, non-callable for life with a T+50 make-whole call, and due 2013, non-callable for five years with a T+50 make-whole call; Goldman Sachs; off-the-shelf; to repay debt under credit facility, help fund acquisition of OfficeMax, Inc. and general corporate purposes; company Boise, Ida. provider of office, building and paper products; roadshow starts Oct. 9; pricing expect Oct. 16.

NATIONSRENT COS. INC.: $225 million senior secured notes due 2010 (B2/BB-); Jefferies & Co., Wachovia Securities (joint); Rule 144A; non-callable for four years; to repay bank debt; Fort Lauderdale, Fla.-based provider of rental equipment; roadshow started Oct. 6; pricing week of Oct. 13.

WEEK OF OCT. 20

PARAMOUNT RESOURCES LTD.: $150 million senior notes due 2010 (B2/B); UBS Investment Bank (books), CIBC World Markets, Harris Nesbitt, Scotia Capital (co's); public; non-callable for four years; equity clawback of 35% for three years; to repay debt under senior secured credit facility and general corporate purposes; Calgary, Alberta natural gas company; roadshow starts Oct. 14; pricing expected Oct. 20 week.

ON THE HORIZON

BEVERLY ENTERPRISES, INC.: $100 million subordinated notes (/B/B+); primarily to pay debt, including but not limited to $180 million senior notes due 2006; Fort Smith, Ark. healthcare services provider to elderly.

JENOPTIK AG (company ratings -/BB-/BB): €100 million long-term debt; to strengthen capital base, reduce short-term debt and finance growth; Jena, Germany technology company.

QUALITY DISTRIBUTION, LLC: $125 million unsecured notes; part of financing that also includes $115 million IPO of common stock 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.

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

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

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.

EMERGING MARKETS CORPORATE OFFERINGS

MTS (Mobile TeleSystems): up to $500 million senior unsecured notes due 2010 (Ba3/B+); ING, Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for four years; to refinance existing debt; Russian mobile telephone service operator; price talk 8 5/8% area; pricing Wednesday.

VITRO SA de CV: $250 million senior unsecured notes due 2013 (B2/B-); Citigroup, Credit Suisse First Boston (joint); Rule 144A; non-callable for five years; to redeem notes and repay other debt; Europe roadshow started late in Sept. 29 week, in U.S.; price talk 11½%-12%; pricing Friday.

BAVARIA SA: $400 million senior unsecured notes due 2010 (Ba3/BB/BB); Citigroup (books), ABN Amro; Rule 144A; non-callable for four years; to refinance acquisition debt; Columbian brewer; to be marketed in U.S. and Europe.

KOREA EXCHANGE BANK CREDIT SERVICE CO. LTD. $100-$150 million of subordinated fixed-rate notes due 2013 (B3/CCC+) with warrants; Credit Suisse First Boston; non-callable for five years; Rule 144A/Regulation S; pricing expected Oct. 6 week.

EMERGING MARKETS OFFERINGS ON THE HORIZON

MMK FINANCE SA: Up to $300 million, maturity up to five years (Ba3/B/BB-); UBS Investment Bank, ABN Amro; Regulation S only; guaranteed by OJSC Magnitogorsk Iron & Steel Works; Europe-only roadshow started Oct. 1.

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

ROADSHOWS

Started Sept. 26: PHIBRO ANIMAL HEALTH CORP $105 million; Jefferies & Co.; Rule 144A; 4NC2

Started Oct. 2: NORCRAFT COMPANIES $150 million; UBS Investment Bank; Rule 144A; 8NC4

Started Oct. 6: NATIONSRENT COS. INC. $225 million; Jefferies & Co., Wachovia Securities; Rule 144A; 7NC4

Oct. 7-15: DRS TECHNOLOGIES, INC. $200 million; Bear Stearns; Rule 144A; 10-year

Oct. 8-16: MOUNTAIN GODS RESORT & CASINO $185 million; Citigroup; Rule 144A; 7NC4

Oct. 8-16: NATIONAL NEPHROLOGY ASSOCIATES, INC. $150 million; Banc of America Securities; Rule 144A; 8NC4

Starts Oct. 9: BOISE CASCADE CORP. $500 million; Goldman Sachs; shelf; 7NC and 10NC5

RECENT SHELF FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION:

BROOKS AUTOMATION, INC.: $200 million shelf filed Oct. 7 for common stock, preferred stock and debt securities; securities may be issued as convertibles; Chelmsford, Mass. semiconductor equipment company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/933974/000095013503005082/b47991basv3.htm

CV THERAPEUTICS, INC.: $300 million shelf filed Oct. 3 for debt securities, preferred stock, common stock, equity warrants and debt warrants; securities may be issued as convertibles; includes $47.5 million previously registered but unsold; Palo Alto, Calif. biopharmaceutical company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/921506/000119312503057443/ds3.htm

MATRIA HEALTHCARE, INC.: $150 million shelf filed Oct. 3 for common stock, preferred stock, debt securities, depositary shares, warrants and units; securities may be issued as convertibles; Marietta, Ga. disease management company will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1007228/000095014403011292/g85160sv3.txt

TERAYON COMMUNICATION SYSTEMS, INC.: $125 million shelf filed Oct. 7 for common stock, preferred stock, debt securities and warrants; debt securities may be issued as convertibles; Santa Clara, Calif. broadband equipment maker will use proceeds for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/1052303/000089161803005086/f93461orsv3.htm

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