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Total amount of dollar-denominated high-yield bond offerings being marketed: $270 million
WEEK OF MARCH 24
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; expected to price week of March 24.
DAN RIVER INC.: $150 million senior notes due 2009 (B3/B-); Deutsche Bank Securities; Rule 144A/Regulation S; non-call life; to repay debt; Danville, Va.-based fabric maker; roadshow March 18-27.
WEEK OF MARCH 31
VIVENDI UNIVERSAL: €1 billion in dollar and euro (2) tranches (sizes to be determined) due 2010 (expected ratings B1/B+); Goldman Sachs, JP Morgan, Banc of America Securities, RBS, Salomon Smith Barney; Rule 144A/Regulation S; non-callable for four years; also €2.5 billion credit facility; to refinance debt; roadshow starts March 26, pricing April 3 or 4.
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
HAYES LEMMERZ INTERNATIONAL, INC.: senior notes; 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 April 9; Northville, Mich.-based auto parts supplier.
LAIDLAW, INC.: $300 million senior secured notes (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.
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 19-27: DAN RIVER INC. $150 million; Deutsche Bank Securities; Rule 144A; 6 year maturity
Starts March 26: VIVENDI UNIVERSAL Euro 1 billion; Goldman Sachs, JP Morgan, Banc of America Securities, RBS, Salomon Smith Barney; Rule 144A/RegS; 7NC4
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