High Yield Calendar

Total amount of high-yield bond offerings being marketed: $830 million and €1.10 billion

WEEK OF AUG. 1

DUANE READE INC.: $50 million series B senior secured floating-rate notes due Dec. 15, 2010 (Caa1/CCC-), callable after Dec. 15, 2006 at 102, 101, par on and after Dec. 15, 2008, equity clawback until Dec. 15, 2006 for 35% at par plus applicable coupon; Banc of America Securities; Rule 144A with registration rights; to repay bank debt; New York drugstore chain; $160 million priced at three-month Libor plus 450 basis points on Dec. 8, 2004; however, new notes will trade under a separate Cusip; pricing Thursday.

BASELL POLYOLEFINS: €1.1 billion equivalent senior notes due 2015 in dollar- and euro-denominated tranches (B2/B-), dollar-denominated tranche $600 million minimum, final tranche sizes to be determined; Merrill Lynch & Co., Credit Suisse First Boston (books), ABN Amro, Deutsche Bank Securities (co's); Rule 144A/Regulation S; non-callable for five years; to partially fund the leveraged buyout of Basell by Access Industries; Basell is a joint venture owned by BASF and Shell Chemical, which manufactures polyolefins for applications in appliances, food and beverage packaging, has headquarters in Hoofddorp, The Netherlands; 8½%-8¾%; pricing Friday.

LIFECARE HOLDINGS INC.: $150 million senior subordinated notes due 2013 (Caa1/CCC+); Banc of America Securities, JP Morgan (joint); Rule 144A; make-whole call at Treasuries plus 50 basis points for first four years, then callable at a premium; to fund the acquisition of the company by The Carlyle Group; Plano, Texas-based operator of long-term acute care hospitals; price talk 9%-9¼%; pricing Friday.

WEEK OF AUG. 8

INTCOMEX: $130 million second-priority senior secured notes due 2010 (Caa1/B-); Banc of America Securities (books), UBS Investment Bank (co); Rule 144A with registration rights; to repay debt, pay dividend to shareholders and general corporate purposes; value-added distributor of information technology products to Latin America and the Caribbean, has headquarters in Miami, Fla.; investor call scheduled for Aug. 8.

DOLLARAMA GROUP: $200 million senior subordinated notes due 2012 (B3/B-); Citigroup, JP Morgan, RBC Capital Markets; non-callable for four years; to repay debt; Canadian dollar store retail chain with headquarters in Montreal; roadshow Aug. 2-9, pricing thereafter.

MAC-GRAY CORP.: $125 million senior notes due 2015 (B1/B+); JP Morgan; Rule 144A/Regulation S; non-callable for five years; to repay bank debt; Cambridge, Mass., contractor of debit-card- and coin-operated laundry facilities in multi-unit housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes, contracts laundry rooms under long-term leases; roadshow started Aug. 2; pricing middle of Aug. 8 week.

AHERN RENTALS INC.: $175 million second-priority senior secured notes due 2013 (B3/B-); CIBC World Markets (books), Banc of America Securities (co); Rule 144A with registration rights; non-callable for four years; to repay debt; equipment rental business located in southwestern U.S., headquarters in Las Vegas, Nev.; roadshow Aug. 2-11; pricing Aug. 11.

SUMMER 2005 BUSINESS

GAMESTOP CORP.: $950 million senior unsecured guaranteed notes (Ba3/B+): $300 million senior unsecured guaranteed floating-rate notes due 2011 and $650 million senior unsecured guaranteed fixed-rate notes due 2012; Banc of America Securities LLC, Citigroup, Merrill Lynch & Co.; to fund acquisition of EB Games; GameStop is an electronic gaming company based in Grapevine, Texas, expected to be announced late in July 18 week.

GLOBAL TOYS ACQUISITION LLC: High-yield bonds; Deutsche Bank Securities, Banc of America Securities LLC; also a $2.85 billion U.S. asset-based debt facility, and a $350 million European working capital facility; to back the $6.6 billion Toys "R" Us Inc. acquisition by Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust; expected summer 2005.

THE NEIMAN MARCUS GROUP INC.: $3.9 billion debt financing, including senior secured notes, revolving credit facility, term loans and possibly bridge loans; Credit Suisse First Boston to lead debt financing; to support acquisition of the company by Texas Pacific Group and Warburg Pincus LLC.

ON THE HORIZON

AMADEUS GLOBAL TRAVEL DISTRIBUTION SA: €1 billion (approximate); Credit Suisse First Boston; to fund the LBO of the company by BC Partners and Cinven; travel reservations firm based in Madrid, Spain; expected during first half of 2005.

BRASKEM SA: $100 million perpetual senior notes (/BB-/BB-); Banco Itau; Rule 144A/Regulation S; non-callable for five years; Sao Paulo, Brazil, petrochemical company.

BROOKSTONE INC.: $190 million senior notes; to finance its leveraged buyout; also $100 million five-year asset-based senior secured revolving credit facility via Bank of America, Goldman Sachs Credit Partners LP and UBS Securities; Merrimack, N.H., product developer and specialty retail company.

THE DOLAN FAMILY GROUP (CABLEVISION): $4.25 billion in a multi-tranche bond offering at the holding company level; also $2.8 billion credit facility at the operating company level via Bank of America and Merrill Lynch; proceeds to be used to take Cablevision Systems Corp. private; pending shareholder approval; Cablevision is a Bethpage, N.Y.-based telecom and cable business.

DACOM CORP.: $300 million notes due 2010 (expected ratings Ba3/BB-); Credit Suisse First Boston; Rule 144A/Regulation S; non-callable for life; to refinance debt; South Korea-based integrated service provider of telecommunications and internet related services; roadshow started March 14 week in Asia, March 17 in London, March 18-21 in Boston and New York City.

HIT ENTERTAINMENT PLC: $172 million senior subordinated notes due 2013 (CCC+); also proposed $453 million credit facility via Merrill Lynch and Deutsche Bank, bank meeting July 13; to help fund Apax Partners' leveraged buyout of HIT Entertainment; London-based producer of children's television programming, including Barney and Friends and Bob the Builder.

K. WAH CONSTRUCTION MATERIALS LTD.: $300 million and $500 million global bonds; Merrill Lynch & Co., Morgan Stanley; owner of Macau's Galaxy casino.

PACIFIC ENERGY PARTNERS: High-yield bonds as part of the funding for $455 million acquisition of some terminal and pipeline assets from subsidiaries of Valero LP; $400 million five-year secured revolving credit facility and a $300 million 364-day bridge facility; Bank of America and Lehman Brothers; Long Beach, Calif., master limited partnership engaged in the business of gathering, transporting, storing and distributing crude oil and other related products.

PETROHAWK ENERGY CORP.: $170 million notes due 2013; BNP Paribas expected bookrunner; non-callable for four years; to back the consolidation of the bank debt of Petrohawk and soon-to-be-acquired Mission Resources Corp.; bank group includes BNP Paribas; Petrohawk is a Houston-based energy company; Mission Resources is a Houston-based independent exploration and production company.

SCHOOL SPECIALTY INC.: $525 million in senior unsecured and senior unsecured subordinated bridge facilities; also $665 million senior secured credit facility via JP Morgan and Bank of America expected in September; financing also includes up to $150 million pay-in-kind loans under a senior unsecured subordinated bridge facility, a $175 million trade receivables commercial paper co-purchase conduit facility and $460 million in equity financing from Bain Capital Partners LLC; to help finance Bain's leveraged buyout of the company in a $1.5 billion transaction including assumption of non-convertible debt totaling $101 million, and for general corporate purposes; Greenville, Wis., education company.

TIM HELLAS: Bond financing to back €1.1 billion buyout of the company by Apax Partners and Texas Pacific Group from Telecom Italia; Deutsche Bank Securities, JP Morgan, others; TIM Hellas is the Greek mobile telephone operation, of which Telecom Italia is the majority stakeholder; expected to close in July.

TRAVELEX GROUP: Sterling-denominated bonds, size of offering to be determined; Deutsche Bank Securities; a consortium led by Apax Partners signed an agreement in February 2005 to acquire a majority stake in Travelex, transaction expected to close in 2005; London-based foreign currency exchange services provider.

VENETIAN MACAU LTD.: $300 million floating-rate note; Goldman Sachs.

WYNN RESORTS (MACAU) SA: $744 million equivalent; Banc of America Securities LLC, Deutsche Bank Securities.

ROADSHOWS

Started Aug. 2: MAC-GRAY CORP. $125 million; JP Morgan

Aug. 2-9: DOLLARAMA GROUP: $200 million; Citigroup, JP Morgan, RBC Capital Markets

Aug. 2-11: AHERN RENTALS INC. $175 million; CIBC World Markets

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