High Yield Calendar

Total amount of high-yield bond offerings being marketed: $2.810 billion and €840 million

WEEK OF MAY 10

LAZY DAYS' R.V. CENTER INC.: $155 million senior notes due 2012 (B3/B-); Deutsche Bank Securities (books), Jefferies & Co., Wells Fargo Capital (co's); Rule 144A; non-callable for four years; to fund acquisition of the company by Bruckmann, Rosser, Sherrill & Co.; Tampa, Fla.-based recreational vehicle company; price talk 10¾%-11%; books close Monday.

CONSOLIDATED CONTAINER CO. LLC: $170 million senior secured second lien notes due June 15, 2009 (B3/CCC); Deutsche Bank Securities; Rule 144A/Regulation S; three-year PIK; non-callable for three years; also $245 million credit facility; to refinance existing debt; Atlanta manufacturer of rigid plastic containers; price talk 10½% area; pricing Tuesday.

MILACRON INC.: $225 million senior secured notes due 2011 (Caa1CCC+); Credit Suisse First Boston (books), JP Morgan, Lazard (co's); Rule 144A; non-callable for four years; to fund tender for $75 million term loan and Milacron Capital Holdings BV's €115 million 7 5/8% guaranteed bonds due 2005; Cincinnati-based global supplier of plastics-processing technologies and industrial fluids; price talk 12% area; pricing Tuesday afternoon.

REVLON CONSUMER PRODUCTS CORP.: $400 million senior unsecured notes due 2011 (CCC); Citigroup (physical books), joint bookrunners expected to emerge; Rule 144A; also $680 million credit facility; to fund tender for 12% senior secured notes due 2005, 8 1/8% senior notes due 2006 and 9% senior notes due 2006; subsidiary of New York cosmetics company Revlon, Inc; price talk 10¼%-10½%; pricing Wednesday.

DA-LITE SCREEN CO.: $160 million senior notes due 2011 (B2); Morgan Stanley (books); Rule 144A; callable at par plus full coupon in year three, par plus half coupon in year four, par plus quarter coupon in year five; to fund dividend to shareholders and repay debt; Warsaw, Ind.-based manufacturer of projection screens and presentation products; roadshow May 5-12.

ALPHA NATURAL RESOURCES: $200 million senior notes due 2012 (B3/CCC+); Credit Suisse First Boston (books), Citigroup, UBS Investment Bank (co's); Rule 144A; non-callable for four years; to refinance debt, fund distribution to parent ANR Holdings LLC; Abingdon, Va. company processes and sells steam and metallurgical coal; roadshow started May 5; pricing middle of May 10 week.

STENA AB: $250 million senior notes due 2024 (Ba3/BB-); JP Morgan, UBS Investment Bank, Citigroup; Rule 144A/Regulation S with registration rights; to repay debt and for general corporate purposes; Swedish shipping company; roadshow May 10-14.

BRENNTAG FINANCE GMBH: €190 million senior notes due 2014 (B3/B); Goldman Sachs & Co.; Rule 144A/Regulation S; non-callable for five years; guaranteed on a senior subordinated basis by a number of operating subsidiaries; to repay mezzanine debt and fund the acquisition of the company by Bain Capital; Mόlheim an der Ruhr, Germany-based distributor of specialty and industrial chemicals; roadshow started May 5; pricing mid-to-late in the week of May 10.

PROSIEBENSAT.1 MEDIA AG: €150 million senior notes due 2011 (BB+); JP Morgan, Deutsche Bank Securities (joint); non-callable for three years; to repay €338 million 5 7/8% notes due 2006; German television broadcaster and media services provider; roadshow early in May 10 week; expected to price Wednesday or Thursday.

SAMSONITE CORP.: $325 million Rule 144A/Regulation S notes in two tranches: $200 million senior subordinated notes due 2012, non-callalble for four years (B3/B-), via Merrill Lynch & Co., Deutsche Bank Securities (joint), Lehman Brothers, UBS Investment Bank (co's), and €105 million floating rate notes due 2011, non-callable for two years (B1/B+), via Deutsche Bank Securities, Merrill Lynch (joint), Lehman Brothers, UBS Investment Bank (co's); to retire outstanding 10¾% senior subordinated notes due 2008; Denver-based manufacturer, marketer and distributor of luggage and travel-related products; roadshow May 4-7 in Europe, May 10-14 in U.S.; pricing May 14.

DEBENHAMS FINANCE HOLDINGS PLC: £325 million senior notes due 2012 in sterling and euro tranches (B2/B); Credit Suisse First Boston, Morgan Stanley (joint); Rule 144A/Regulation S (no registration rights); non-callable for four years; to repay bridge loan put in place for December 2003 LBO by TPG, CVC Capital Partners and MLPE; U.K. department store company; roadshow started May 5; pricing late in the week of May 10.

GUNDLE/SLT ENVIRONMENTAL INC.: $150 million senior notes due 2012 (Caa1/B-); UBS Investment Bank (books), Jefferies & Co. (co); Rule 144A; non-callable for four years; also $65 million credit facility; to back acquisition of Gundle/SLT Environmental Inc. by Code Hennessy & Simmons LLC; Houston manufacturer and marketer of geosynthetic lining solutions, products and services; roadshow started May 4; pricing late in the May 10 week.

CORUS GROUP PLC: €500 million (approximate) senior notes due 2011; Credit Suisse First Boston (books) ABN Amro, HSBC, ING (co's); Rule 144A/Regulation S; non-callable for three years; to extend maturity of existing debt; London-based steel company; roadshow started May 4; pricing late in the week of May 10.

WEEK OF MAY 17

UGS PLM SOLUTIONS: $550 million senior subordinated notes due 2012 (B3/B-) in dollar and euro tranches; Citigroup, JP Morgan, Morgan Stanley (joint); Rule 144A/Regulation S; also $625 million credit facility; to finance acquisition of UGS PLM by BSW Holdings, Inc. from Electronic Data Systems Corp. for $2.05 billion in cash; Plano, Tex. provider of PLM software and related services; roadshow started May 3 week; expected to price May 18.

TERPHANE HOLDING CORP.: $100 million senior secured notes due 2009 (B-); Jefferies; Rule 144A; non-callable for three years; two-year 35% equity clawback; to fund a cash distribution to equity holders, and repay debt; producer of polyester films used in packaging and industrial applications, headquartered in Bloomfield, N.Y. and Sao Paulo, Brazil; roadshow May 6-21.

MAY BUSINESS

ADESA INC.: $125 million (downsized from $200 million) senior subordinated notes due 2011 (B1); also $375 million credit facility (upsized from $350 million) via UBS, Merrill Lynch & Co.; also an IPO of common shares; to finance Adesa's spin-off from Allete Inc.; Carmel, Ind. operator of used vehicle and auto salvage auctions; roadshow expected to start week of May 17.

LEINER HEALTH PRODUCTS: $150 million bonds, also $290 million credit facility to be led by UBS Investment Bank and Morgan Stanley; to back NorthCaste and Golden Gate Capital's recapitalization of Leiner Health Products; Carson, Calif.-based manufacturer of supplements, diet aids and pharmaceuticals; transaction expected to launch in early May.

MAAX INC.: $160 million senior subordinated notes (B-); Goldman Sachs & Co., Merrill Lynch & Co.; to finance LBO of Maax by J.W. Childs Associates LP, Borealis Private Equity LP and Ontario Municipal Employees Retirement System; Sainte-Marie de Beauce, Quebec-based manufacturer of bathroom products and accessories; roadshow later this month.

FINLAY ENTERPRISES, INC.: $200 million of bonds with likely 10-year maturity; Credit Suisse First Boston; Rule 144A; to fund tender for notes and debentures; wholly owned subsidiary of New York City-based jewelry retailer Finlay Fine Jewelry Corp.; possibly closing before end of May.

THIRD QUARTER

ROCKWOOD SPECIALTIES INC.: €500-€600 million high yield notes; Credit Suisse First Boston, Goldman Sachs & Co., UBS Investment Bank; to finance the €2.25 billion acquisition of MG Technologies CeramTec, Chemetall, Sachtleben and DNES divisions; the divisions will be combined with Rockwood; Princeton, N.J. chemical manufacturer' transaction expected to close third quarter of 2004.

2004 BUSINESS

KABEL DEUTSCHLAND GMBH: €1 billion-plus high yield bonds to fund purchase of former Deutsche Telekom assets Ish GmbH, Kabel BW and Iesy eKabel Hessen GmbH for €2.7 billion; Deutsche Bank, Goldman, Sachs & Co. advisors; largest cable network operator in Europe acquired in 2003 from Deutsche Telekom by a consortium of financial investors comprised of Apax Partners, Providence Equity Partners and Goldman Sachs Capital Partners; regulatory approval for the takeovers expected by fourth quarter of 2004.

ON THE HORIZON

CONCENTRA OPERATING CORP.: $150 million senior subordinated notes due 2012; Rule 144A; proceeds along with borrowings under amended senior credit agreement, together with $48 million of cash to fund tender for 13% senior subordinated notes due 2009, Credit Suisse First Boston dealer manager, and pay a dividend of approximately $97 million to Concentra Inc., its parent, to enable Concentra Inc. to pay a dividend to its stockholders; Addison, Tex company provides financial services to health care industry.

AMERICAN EQUITY INVESTMENT LIFE HOLDING CO.: $150 million senior notes due 2014 and 2016 (BB+); Merrill Lynch & Co., Raymond James, Advest, Wachovia Securities; off-the-shelf; non-callable for life; to refinance bank debt and general corporate purposes; West Des Moines, Iowa-based underwriter of annuity and insurance products; delayed May 7 pending Fitch rating.

NEXTEL PARTNERS: senior notes and new credit facility; Morgan Stanley & Co., JP Morgan; Rule 144A/Regulation S; to fund tender for $356.95 million of 11% senior notes due 2010, dealer managers, offer expires May 25; Kirkland, Wash-based wireless communications company.

TENNECO AUTOMOTIVE: $400 million senior subordinated notes; Rule 144A; also approximately $150 million issue of common stock via JP Morgan, Citigroup; to repurchase $500 million of 11 5/8% senior subordinated notes due 2009; Lake Forest, Ill. auto parts maker.

HOLLYWOOD ENTERTAINMENT: $600 million: $400 million senior notes $200 million senior subordinated notes; UBS Investment Bank; Rule 144A; to fund acquisition of Oscar by Carso Holdings Corp., a Delaware corporation formed by affiliates of Leonard Green & Partners, LP.

HYUNDAI MOTOR CO.: $150-$200 million offshore floating-rate bonds (Ba1/BB), maturity to be determined; to repay debt; South Korean auto maker; pre-marketing.

CELANESE AG: High yield bonds; Morgan Stanley Dean Witter, Deutsche Bank Securities; to help fund €3.1 billion LBO by Blackstone; Frankfurt, Germany industrial chemical company.

PANAMSAT CORP.: High yield bonds and new credit facility; hear Credit Suisse First Boston, Citigroup to lead both components; to finance $4.3 billion acquisition by Kohlberg Kravis Roberts & Co. from The DirecTV Group Inc., expected to be completed in second half of 2004; Wilton, Conn. satellite operator.

CABLECOM HOLDING AG: CHF450 million high yield bond issue (CCC+); CHF1.4 billion credit facility via BNP Paribas, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs & Co., JP Morgan; to refinance debt; Swiss cable TV company.

ADELPHIA COMMUNICATIONS CORP.: $3.3 billion 10-year senior unsecured notes; non-callable for five years; part of $8 billion bond and bank loan exit financing from Chapter 11; Deutsche Bank Securities; Greenwood Village, Colo. cable television company.

SEITEL, INC.: $180 million high-yield bonds to help fund exit from Chapter 11; Houston seismic information and technology company.

SICPA: €150 million; BNP Paribas, Credit Suisse First Boston.

GLOBAL MOTORSPORT GROUP INC.: $85 million senior secured notes due 2008 (B-); Jefferies & Co.; Rule 144A; non-callable for three years; to repay bank debt; Morgan Hill, Calif.-based aftermarket supplier of motorcycle parts.

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.

DNO ASA: Two new bond loans; to refinance existing bond loans and finance new investment in petroleum licenses, mainly on the Norwegian shelf; terms to be set at a board meeting in the last week of May.

US ONCOLOGY: $625 million high yield bonds to help fund LBO by Oiler Acquisition Corp., an affiliate of Welsh, Carson, Anderson & Stowe IX, LP; also $550 million senior secured credit facility via JPMorgan Chase Bank, Wachovia Bank and Citicorp North America Inc.

INCOME SECURITIES OFFERINGS IN THE MARKET

B&G FOODS HOLDINGS CORP.: $436-$466 million (proceeds) from sale of 30.05 million Enhanced Income Securities (EIS): made up of shares of class A common stock and $180.3 million senior subordinated notes due 2016, expected to price between $14.50 and $15.50 per EIS; ALSO separate offering of $25 million senior subordinated notes due 2016; RBC Capital Markets, Credit Suisse First Boston, Merrill Lynch & Co. (joint books), Lehman Brothers and Piper Jaffray; registered; to repay bank debt, call $220 million 9 5/8% senior subordinated notes due 2007 at 103.208 and repurchase preferred stock and a significant portion of outstanding class B common stock; Parsippany, N.J. manufacturer of food products.

EYE CARE CENTERS OF AMERICA: $375 million Income Units comprised of class A common stock and senior subordinated notes due 2014; Banc of America Securities, Merrill Lynch & Co. (books), Citigroup, Lehman Brothers (co's); proceeds along with available cash to repay credit facility, redeem $100 million 9 1/8% senior subordinated notes due May 1, 2008 and $50 million subordinated term notes, also redeem all outstanding preferred stock and repurchase common stock from existing shareholders; San Antonio, Tex. prescription optical retail chain owner.

ROADSHOWS

May 5-12: DA-LITE SCREEN CO. $160 million; Morgan Stanley; Rule 144A; 7NC3

Started May 3 week: UGS PLM SOLUTIONS $550 million; Citigroup, JP Morgan, Morgan Stanley; Rule 144A/Regulation S; eight-year

Started May 4: GUNDLE/SLT ENVIRONMENTAL INC. $150 million; UBS Investment Bank; Rule 144A; 8NC4

Started May 4: CORUS GROUP PLC: €500 million; Credit Suisse First Boston; Rule 144A/Regulation S; 7NC3

May 4-14: SAMSONITE CORP. $325 million; Merrill Lynch & Co., Deutsche Bank Securities; Rule 144A/Regulation S; 8NC4 and 7NC2

Started May 5: DEBENHAMS FINANCE HOLDINGS PLC £325 million; Credit Suisse First Boston, Morgan Stanley; Rule 144A/Regulation S; 8NC4

Started May 5: BRENNTAG FINANCE GMBH €190 million; Goldman Sachs & Co.; Rule 144A/Regulation S; 10NC5

Started May 5: ALPHA NATURAL RESOURCES $200 million; Credit Suisse First Boston; Rule 144A; 8NC4

May 6-21: TERPHANE HOLDING CORP. $100 million; Jefferies; Rule 144A; 5NC3

May 10-14: STENA AB $250 million; JP Morgan; Rule 144A/Regulation S; 20-year

Early in week of May 10: PROSIEBENSAT.1 MEDIA AG €150 million; JP Morgan, Deutsche Bank Securities; 7NC3

Starts week of May 17: ADESA INC. $125 million; UBS, Merrill Lynch & Co.; seven-year

RECENT SHELF FILINGS WITH THE SEC:

ALLIED WASTE INDUSTRIES, INC.: $2 billion shelf filed May 10 for debt securities, preferred stock, common stock, warrants, depositary shares, stock purchase contracts, stock purchase units and trust preferred securities; securities may be issued as convertibles; Scottsdale, Ariz. solid waste management company will use proceeds for general corporate purposes.

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