High Yield Calendar: $1.261 billion deals being marketed

WEEK OF MAY 21

FONTAINEBLEAU LAS VEGAS HOLDINGS, LLC/FONTAINEBLEUA LAS VGAS CAPITAL CORP.: $675 million second-mortgage notes due 2015 (Caa1/CCC+); Banc of America Securities LLC (left books), Barclays Capital, Deutsche Bank Securities, Merrill Lynch & Co. (joint books), Daiwa Securities, RBS Greenwich Capital (co's); Rule 144A with registration rights; non-callable for four years; to repay debt and fund the design, development, construction and opening of the Fontainebleau Las Vegas; destination resort; price talk 10 3/8% area; books close Thursday at 10 a.m. ET, pricing at noon ET.

CHR INTERMEDIATE HOLDING CORP. (holding company for COMPUCOM SYSTEMS): $150 million senior floating-rate toggle notes due 2013 (Caa1/B-); Banc of America Securities LLC (left bookrunner), Citigroup (joint bookrunner), Jefferies & Co., PNC Capital Markets (co's); Rule 144A for life; callable in three months at par; two 50 basis points step-ups after 15 and 27 months; to fund a dividend; issuer is holding company and sole stockholder of Compucom Systems, Inc., a Dallas-based information technology services provider; price talk Libor plus 700 to 725 bps at 98.50; books close mid-day Thursday, pricing thereafter.

RURAL CELLULAR CORP.: $115.5 million senior subordinated notes due 2013 (Caa2); Bear Stearns & Co.; Rule 144A for life; to redeem 11 3/8% senior subordinated debentures due 2010; Alexandria, Minn.-based wireless provider; to price Thursday.

PSYCHIATRIC SOLUTIONS INC.: $200 million add-on to 7¾% senior subordinated notes due 2015 (B3/B-); Citigroup, Merrill Lynch (joint books), Banc of America Securities LLC, JP Morgan (co's); Rule 144A with registration rights/Regulation S; callable on July 15, 2010 at 103.875; to help fund the acquisition and tender offer; original $220 million issue priced at par on June 30, 2005; Franklin, Tenn., behavioral health services provider; roadshow May 23-24.

WEEK OF JUNE 4

TRISTAN OIL LTD: $120 million add-on to 10½% senior secured notes due Jan 1, 2012 (confirmed B2/existing B+); Jefferies & Co.; Rule 144A/Regulation S; callable on Jan. 1, 2009 at 105.25; equity clawback until July 1, 2009 for 35% at 110.50; guaranteed on a senior secured basis by affiliates Kazpolmunay LLP (KPM) and Tolkynneftegaz LLP (TNG) for working capital and general corporate purposes of KPM and TNG, including future capital expenditures; original $300 million issue priced at par on Dec. 13, 2006; British Virgin Islands oil and gas exploration and production company operating primarily in Kazakhstan; investor call May 24; pricing June 4 week.

EXPECTED JUNE BUSINESS

BIOMET INC.: $2.565 billion in senior unsecured and/or senior subordinated unsecured high-yield notes; Banc of America Securities LLC; also $4.35 billion senior secured credit facility; to finance LBO by Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. and TPG in a transaction with a total equity value of about $10.9 billion, expected to be completed by Oct. 31, 2007; Biomet is a Warsaw, Ind., designer and manufacturer of musculoskeletal medical products; expected June business.

EUROFINS SCIENTIFIC: €68 million perpetual securities; Dresdner Kleinwort, HSBC; non-callable for seven years; for general corporate purposes; Brussels-based life sciences company.

EXPECTED SECOND QUARTER BUSINESS

GREAT ATLANTIC & PACIFIC TEA CO. INC.: $780 million senior secured high-yield bonds; Banc of America Securities LLC, Lehman Brothers, also $600 million ABL revolver; to help fund its purchase of Pathmark Stores Inc. for $1.3 billion in cash, stock and debt assumption or retirement, expected to be completed during the second half of A&P's fiscal 2007 year, structure of financing and timing pending market conditions; A&P is a Montvale, N.J.-based supermarket chain.

THE SERVICEMASTER CO.: $1.15 billion high-yield bonds; Banc of America Securities LLC, Citigroup, JP Morgan; also $3.35 billion credit facility; to fund the LBO of the company by Clayton, Dubilier & Rice, Inc., total enterprise value is $5.5 billion; expected late second-quarter business.

RIVERDEEP INTERACTIVE LEARNING USA: $820 million senior subordinated notes; Credit Suisse, Citigroup (joint); proceeds along with $1.87 billion senior bank debt, $750 million mezzanine debt and $1.5 billion equity to fund the acquisition of Houghton Mifflin by Riverdeep from Thomas H. Lee Partners, Bain Capital Partners, LLC and Blackstone Group for $3.4 billion; Riverdeep, based in Dublin, Ireland, is a publisher of interactive products for the consumer and school markets.

ON THE HORIZON

AFFILIATED COMPUTER SERVICES INC.: $2.515 billion of high-yield notes and $4.05 billion senior secured credit facility; to help finance public-to-private bid by Darwin Deason, founder and chairman, and Cerberus Capital Management LP for about $8.2 billion; Citigroup has provided the bidders with a "highly confident" letter regarding its ability to raise the necessary debt; investment partners are prepared to enter into negotiations with the company immediately and are ready to move quickly to complete the transaction; Dallas-based provider of business process outsourcing and information.

CATALINA MARKETING CORP.: $490 million high-yield bonds and $760 million credit facility in LBO financing via Morgan Stanley, Bear Stearns & Co., Goldman Sachs & Co.; Catalina, St. Petersburg, Fla., provider of behavior-based promotional messaging, loyalty programs and direct-to-patient information, is being acquired by Hellman & Friedman Capital Partners VI, LP for $1.7 billion, in transaction expected to be completed during third quarter of 2007.

CLEAR CHANNEL COMMUNICATIONS INC.: $2.6 billion high-yield bonds (decreased from $4.1 billion) and $19.525 billion credit facility (upsized from $17.375 billion); Citigroup, Deutsche Bank, Morgan Stanley, Credit Suisse, RBS Greenwich Capital and Wachovia are lead banks on the debt financing; to help back its leveraged buyout by Thomas H. Lee Partners, LP and Bain Capital Partners, LLC, expected to be completed by the end of 2007; also $3.44 billion sponsor equity; San Antonio media and entertainment company.

COMMUNITY HEALTH SYSTEMS INC.: $3.365 billion unsecured notes; Credit Suisse, Wachovia Securities, backed by $3.365 billion bridge loan; also $6.95 billion credit facility; to help fund acquisition of Triad Hospitals Inc.; Nashville operator of general acute care hospitals in non-urban communities; expected in market during second or third quarter of 2007.

CONSUMER SOURCE INC.: $150 million second-lien loan and/or notes; to fund dividend to Primedia Inc., which Primedia will use to extinguish all existing bank debt; Consumer Source is a New York-based publisher and distributor of free real estate and automobile guides.

DOLLAR GENERAL CORP. $2.1 billion bonds: $1.45 billion senior unsecured notes, $650 million senior subordinated notes, backed up by $2.1 billion bridge loans via Goldman Sachs, Citigroup, Lehman Brothers, Wachovia ; also $3.5 billion credit facility; to help fund LBO, expected to close third quarter of 2007; Goodlettsville, Tenn., discount retailer.

HARMAN INTERNATIONAL INDUSTRIES INC.: $1.74 billion high-yield bonds; also new credit facility; Banc of America Securities LLC, Credit Suisse, Goldman Sachs & Co., Lehman Brothers; part of financing for LBO by Kohlberg Kravis Roberts & Co. LP and GS Capital Partners, expected in the third quarter; manufacturer of high fidelity audio products.

INTEGRA TELECOM INC.: $215 million senior notes; Deutsche Bank and CIBC have provided the company with the commitment letter to purchase the notes; also $965 million revolver via Deutsche Bank, Morgan Stanley and CIBC; to help fund the acquisition of Minneapolis-based Eschelon Telecom, Inc. and repay Eschelon debt; transaction expected to close in third quarter of 2007; Integra is a Portland, Ore.-based provider of telecommunications and internet services for businesses.

INVERNESS MEDICAL INNOVATIONS INC.: $317.5 million senior subordinated notes (decreased from $450 million) backed by bridge from UBS and General Electric Capital Corp.; also $1.3 billion credit facility; financing for acquisition of Biosite Inc.; Inverness is a Waltham, Mass.-based diagnostic devices company.

LAUREATE EDUCATION INC. $1.05 billion: $725 million senior unsecured notes and $325 million senior subordinated notes, also $1.15 billion credit facility; financing led by Goldman Sachs, Citigroup; to help fund LBO expected to close in June; Baltimore-based provider of higher education.

MYLAN LABORATORIES INC.: $2.85 billion senior notes and $4.85 billion credit facility in financing led by Merrill Lynch, Citigroup and Goldman Sachs & Co.; to help fund acquisition of Merck KgaA's generic business, expected to close in the second half of 2007; Canonsburg, Pa., pharmaceutical company.

SOURCE INTERLINK COS. INC.: High-yield bonds and bank debt to fund acquisition of Primedia Inc.'s Enthusiast Media division, expected to close mid-summer; single-B credit ratings expected, 9% area expected interest rate on bonds; Bonita Springs, Fla., provider of merchandising and fulfillment services for home entertainment products.

TELESAT: $900 million senior notes and $2.2 billion credit facility; Morgan Stanley, UBS Investment Bank to lead financing; to help fund acquisition of Telesat by a joint venture company formed by Loral Space & Communications Inc. and the Public Sector Pension Investment Board, expected to close by mid-2007; new company will be one of the world's largest operators of telecommunications satellites, with a combined fleet of 11 satellites and four additional satellites to be launched over the next three years.

TRIBUNE CO.: $2.1 billion senior notes or senior subordinated notes backed up by $2.1 billion bridge via Merrill Lynch, JPMorgan, Citigroup and Bank of America; also $10.133 billion credit facility; to help finance public-to-private transaction; Chicago-based media company; expected to be completed by end of 2007.

PRIVATE PLACEMENT

ENERGY XXI GULF COAST INC.: $700 million senior notes due 2013 (Caa2/CCC); Jefferies & Co., BNP Paribas, RBS Greenwich Capital (joint lead placement agents); Regulation D/Regulation S; non-callable for three years; to finance acquisition and repay debt; subsidiary of Houston-based Energy XXI (Bermuda) Ltd.; price talk 10% to 10¼%; pricing Thursday morning.

BIO SOLUTIONS MANUFACTURING INC.: $31.2 million senior secured notes due 2014 with warrants; Regulation D/Regulation S; to finance up to 12 biodiesel fuel facilities and for working capital and general corporate purposes; Las Vegas-based developer of microbiological products for waste bioremediation.

INCOME DEPOSIT SECURITIES

OTELCO INC. 3 million income deposit securities representing 3 million shares of class A common stock and $22.5 million 13% senior subordinated notes due 2019; CIBC World Markets, UBS Investment Bank, Raymond James; to pay down term loan that matures on July 3, 2011; Oneonta, Ala., traditional wireline telephone services provider in several rural communities in Alabama, Maine and Missouri.

ROADSHOWS

May 23-24: PSYCHIATRIC SOLUTIONS INC. $200 million; Citigroup, Merrill Lynch

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