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Published on 3/17/2003 in the Prospect News High Yield Daily.

Total amount of dollar-denominated high-yield bond offerings being marketed: $1.1 billion

WEEK OF MARCH 17

NEXSTAR FINANCE: $50 million (proceeds) senior discount notes due 2013 (expected ratings Caa1/B-); Banc of America Securities, Bear Stearns; Rule 144A; non-callable for five years; to prefund acquisition payments, and general corporate purposes; Clarks Summit, Pa. television broadcaster; price talk 11½%-11¾%; expected to price Tuesday.

NYCO HOLDINGS: €225 million senior notes due 2013 (B3/B-); Credit Suisse First Boston; non-callable for four years; proceeds of proposed notes and junior mezzanine issuance to repay €305 million bridge finance facility for LBO; Norwegian pharmaceutical company; roadshow started March 11; price talk 11%-11¼%; pricing Tuesday.

SWIFT & CO.: $150 million 12½% senior subordinated notes due 2010 (B2 expected/B confirmed); Salomon Smith Barney, JP Morgan (joint); Rule 144A; callable on Oct. 1, 2006 at 106.25, one year later at 103.125, par on Oct. 1, 2008 and thereafter; to be sold by ConAgra Foods Inc., no proceeds to Swift; to price Tuesday.

UNIVERSAL CITY DEVELOPMENT: $500 million senior notes due 2010 (B2/B-); JP Morgan, Banc of America Securities (joint), Credit Suisse First Boston, Scotia Capital, Wachovia Securities (co's); Rule 144A; non-callable for four years; to repay debt; entertainment firm based in Orlando, Fla.; roadshow started March 11; pricing expected March 20.

BARNEY'S, INC.: $100 million (face) $90 million (proceeds) senior secured notes due 2008 (B3); Jefferies; Rule 144A; to repay debt and pay deferred rent obligations; wholly owned subsidiary of Barney's New York, Inc.; roadshow started March 10; pricing late in the week of March 17.

MTR GAMING GROUP, INC.: $130 million senior notes due 2010 (B+); Rule 144A; to repay credit facility and for general corporate purposes, including the repurchase of up to $30 million of common stock; Chester, W. Va. gaming company; roadshow March 10-21; expected to price late in the week of March 17.

WEEK OF MARCH 24

DAN RIVER INC.: $150 million senior notes due 2009 (B-); Deutsche Bank Securities; Rule 144A/Regulation S; T+50 make-whole call; to help refinance credit facility and redeem 10 1/8% senior subordinated notes due 2003; Danville, Va.-based fabric maker; roadshow March 19-27.

FIRST 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 company develops, produces and transports oil and natural gas in the Appalachian Basin.

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, Salomon Smith Barney, Credit Suisse First Boston and Merrill Lynch; to repay debt and for general corporate purposes; motion picture exhibitor headquartered in New York City.

ON THE HORIZON

RIVERWOOD HOLDING, INC.: senior notes (B-); along with proceeds of IPO and new term loan, to repay outstanding senior notes and senior subordinated notes and part of the borrowings on its revolving credit facility; Atlanta, Ga.-based paperboard company.

ROADSHOWS

March 10-21: MTR GAMING GROUP, INC. $130 million; Jefferies & Co.; Rule 144A; 8 year maturity

Started March 10: BARNEY'S, INC. $100 million ($90 million proceeds); Jefferies & Co.; Rule 144A; five-year maturity

Started March 11: UNIVERSAL CITY DEVELOPMENT $500 million; JP Morgan, Banc of America Securities; Rule 144A; 7NC4

March 19-27: DAN RIVER INC. $150 million; Deutsche Bank Securities; Rule 144A; 6 year maturity


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