High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $1.905 billion

WEEK OF MAY 5

FLEXTRONICS INTERNATIONAL LTD.: $400 million senior subordinated notes due 2013; Citigroup, Credit Suisse First Boston, Goldman Sachs; Rule 144A; non-callable for five years; to redeem 8¾% senior subordinated notes due 2007 and general corporate purposes; Singapore-based company provides manufacturing services to electronics companies; pricing Monday.

OXFORD INDUSTRIES, INC.: $175 million senior notes due 2011 (B2/B); Merrill Lynch (books), SunTrust Robinson Humphries (co); Rule 144A; non-callable for four years; to help finance acquisition of Viewpoint International, Inc.; Atlanta-based manufacturer and wholesale marketer of branded and private label apparel for men, women and children; roadshow began April 28; price talk 9%-9¼%; pricing May 6.

CMA CGM SA: €150 million senior notes due 2010 (B1/BB-); Citigroup (books), BNP Paribas, Natexis BP (co-lead); Rule 144A/Regulation S; non-callable for four years; to repay debt and acquire vessels; French container ship firm; roadshow April 28-May 2; expected to price May 5.

THORNBURG MORTGAGE: $150 million senior notes due 2013 (Ba1/BB-); Credit Suisse First Boston; Rule 144A; primarily to fund loans originated by company and to purchase additional adjustable-rate mortgage securities; single family residential mortgage lender based in Santa Fe, N.M.; roadshow started April 29; expected to price late in the week of May 5.

TITAN CORP.: $200 million senior subordinated notes due 2011; Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for four years; to redeem 5¾% convertibles; San Diego-based firm builds and launches technology-based businesses; roadshow starts May 1; expected to price May 9.

INTERLINE BRANDS: $200 million senior subordinated notes due 2011 (Caa1/B-); Credit Suisse First Boston, JP Morgan (joint); non-callable for four years; to fund recapitalization; Moorestown, N.J.-distributor of repair and maintenance products; roadshow started April 30; pricing May 9 or May 12.

WEEK OF MAY 12

CB RICHARD ELLIS: $200 million senior notes due 2010 (B1); Credit Suisse First Boston; Rule 144A; non-callable for four years; to help fund acquisition of Insignia Financial Group; El Segundo, Calif.-based real estate services company; roadshow starts Friday; expected to price during the week of May 12.

WEEK OF MAY 19

RHODIA: €700 million equivalent senior subordinated notes in dollars and euros due 2011; Goldman Sachs, Bear Stearns, BNP Paribas (joint); Rule 144A/Regulations S; to repay short-term debt; French specialty chemicals manufacturer; starts early in the week of May 5, pricing during week of May 19.

MEDEX, INC.: $150 million senior subordinated notes due 2013 (B3/B-); Lehman Brothers, Wachovia Securities (joint), Banc One Capital Markets (co); Rule 144A; also $200 million credit facility to help fund Medex and One Equity's leveraged buyout of Johnson & Johnson's Jelco peripheral IV catheter business; Dublin, Ohio-based seller of disposable and non-disposable critical care products; roadshow starts during week of May 5; pricing mid-week during the week of May 19.

MAY BUSINESS

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

APOGENT TECHNOLOGIES INC.: $250 million senior subordinated notes due 2013; Lehman Brothers; to help repurchase up to 15 million shares; Portsmouth, N.H. manufacturer of clinical diagnostic and life science research products; May business.

SAFILO: €225 million senior notes due 2013; Credit Suisse First Boston; non-callable for five years; to refinance bridge loan; Italian eyecare company; to price in early May.

WIMM-BILL-DANN FOODS: $150 million senior notes (B3/B+); UBS Warburg; Russia-based dairy and juice producer; to refinance existing indebtedness of $95 million and fund capital expenditures.

SECOND QUARTER

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.

HAYES LEMMERZ INTERNATIONAL, INC.: senior notes (B1/B+); Lehman Brothers, Citigroup (joint); part of Chapter 11 exit financing; company received commitment of up to $550 million of exit financing from Citigroup Inc. to support plan of reorganization; confirmation hearing set for May 7; Northville, Mich.-based auto parts supplier; expected to price in second quarter of 2003.

ON THE HORIZON

LAIDLAW, INC.: $300 million senior secured notes (B2/B+); part of Chapter 11 exit financing; company also obtaining new $825 million credit facility via Citigroup and Credit Suisse First Boston; Burlington, Ont. bus and health care transportation provider.

WACKENHUT CORRECTIONS CORP.: new debt; company also has committed financing from BNP Paribas that will involve a restructuring of the existing senior credit facility; to repurchase all 12 million shares of common stock held by Group 4 Falck A/S, its 57% majority shareholder for $132 million in cash; closing anticipated by the end of June 2003.

ROADSHOWS

April 28-May 2: CMA CGM SA €150 million; Citigroup; Rule 144A/Regulation S; 7NC4

Started April 28: RENT-A-CENTER, INC. $250 million; Lehman Brothers, JP Morgan, Morgan Stanley; Rule 144A; 7NC3 or 4

Started April 28: OXFORD INDUSTRIES, INC. $175 million; Merrill Lynch; Rule 144A; 8NC4

Started May 29: THORNBURG MORTGAGE $150 million; Credit Suisse First Boston; Rule 144A; 10-year maturity

Started May 1: TITAN CORP. $200 million; Credit Suisse First Boston; Rule 144A/Regulation S: 8NC4

Started week of April 28: INTERLINE BRANDS $200 million; Credit Suisse First Boston, JP Morgan; 8NC4

Started May 2: CB RICHARD ELLIS $200 million; Credit Suisse First Boston; Rule 144A; 7NC4

Starts early in the week of May 5 RHODIA Euro 700 million eqivalent; Goldman Sachs, Bear Stearns, BNP Paribas; Rule 144A/Regulation S; 8NC4

Starts during the week of May 5: MEDEX, INC. $150 million; Lehman Brothers, Wachovia Securities; Rule 144A; 10-year maturity

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