High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $4.725 billion

WEEK OF APRIL 19

CURATIVE HEALTH SERVICES, INC.: $185 million senior notes due 2011 (B3/B-); UBS Investment Bank; Rule 144A; non-callable for four years; to finance acquisition of Critical Care Systems; Hauppauge, N.Y.-based specialty pharmacy services and specialty healthcare services provider to patients with chronic and serious medical conditions; price talk 9¾%-10%; pricing Tuesday morning.

CHARTER COMMUNICATIONS OPERATING LLC/CAPITAL CORP.: $1.5 billion senior secured second lien notes (B-) due 2012, non-callable for life, price talk 8 1/8% area, and due 2014, non-callable for five years, price talk 8 3/8% area; JP Morgan, Banc of America Securities, Citigroup, Credit Suisse First Boston (joint); Rule 144A; to refinance subsidiaries' bank debt; St. Louis-based cable television and communications services provider; expected to price late Tuesday.

CHC HELICOPTER CORP.: $250 million senior subordinated notes due 2014 (B2/B); Merrill Lynch & Co., Scotia Capital; Rule 144A; non-callable for five years; to fund tender for €94.25 million 11¾% senior subordinated notes due 2007; St. Johns, Newfoundland-based provider of helicopter services to oil and gas industry; roadshow April 12-20

IPCS INC.: $180 million senior unsecured notes due 2012 (B3/CCC); Credit Suisse First Boston, Bear Stearns & Co. (joint); Rule 144A; to refinance senior secured debt as company exits from Chapter 11; roadshow started April 13; pricing late in the April 19 week; Sprint PCS affiliate serving midwestern region.

INVISTA: $575 million (decreased from $1.2 billion) of eight-year senior note units (B1) in dollar and euro tranches, to be issued by KoSa Lux Finance B.V., Arteva Global Holdings B.V., KoSa UK Finance B.V. and KoSa Canada Co.; JP Morgan, Credit Suisse First Boston (joint), Citigroup ABN Amro, BNP Paribas, Credit Lyonnais, ING, Scotia Capital, SG Cowen, The Royal Bank of Scotland, Tokyo-Mitsubishi (co's); Rule 144A/Regulation S; non-callable for four years; also $2.05 billion (increased from $1.8 billion) credit facility; Koch will contribute $2.2 billion in equity; to make payments in connection with the previously announced acquisition of Invista, to prepay KoSa bank debt and general corporate purposes; Wilmington, Del. integrated fiber and intermediates business; roadshow started April 13; pricing expected April 23.

WASTE SERVICES INC.: $160 million senior subordinated notes due 2014 (B-); Lehman Brothers (books) CIBC World Markets (co); non-callable for five years; proceeds along with borrowings under a planned new $160 million credit facility and private equity placement to repay its existing credit facilities and fund its previously announced acquisitions in Florida; integrated solid waste services company based in Burlington, Ontario; roadshow started April 16; expected to price April 23.

WEEK OF APRIL 26

SEA CONTAINERS LTD.: $150 million senior notes due 2014 (B3/B); Citigroup (books), Lazard, Fortis, Scotia Capital (co's); registered; non-callable for five years; to retire $80 million 12½% debentures due Dec. 1, 2004 at par, acquisitions currently under negotiation, or other corporate purposes; marine container lessor, passenger and freight transport operator and leisure industry investor based in Hamilton, Bermuda; roadshow April 19-26.

EMMIS OPERATING CO.: $350 million senior subordinated notes with maturity and call structure to be determined (expected ratingss B2/B-); Goldman Sachs & Co., Deutsche Bank Securities, Banc of America Securities, Credit Suisse First Boston (joint); Rule 144A; also new $1 billion senior credit facility; to repay bank debt, repurchase or redeem Emmis Operating Co. subordinated notes and all or a portion of the Emmis Communications senior discount notes; wholly owned subsidiary of Emmis Broadcasting Corp., Indianapolis-based diversified media firm with radio broadcasting, television broadcasting and magazine publishing operations; roadshow starts April 23; pricing expected April 28.

GIANT INDUSTRIES INC. $150 million senior subordinated notes due 2014; Banc of America Securities (books), BNP Paribas (joint lead); registered; non-callable for five years; also selling three million common shares of stock; to tender and/or redeem its $150 million of 9% senior subordinated notes due 2007 at 103.25 and redeem 24% of its $195 million 11% senior subordinated notes due 2012 at 111 via the equity clawback; Scottsdale, Ariz.-based refiner and marketer of petroleum products; roadshow April 15-27; pricing expected April 27.

AMSCAN HOLDINGS INC.: $175 million senior subordinated notes due 2014 (B3/B-); Goldman Sachs & Co. (physical books), Credit Suisse First Boston (joint bookrunner); Rule 144A/Regulation S; non-callable for five years; to help fund acquisition of Amscan by Berkshire Partners and Weston Presidio from GS Capital Partners, including the tender for its $110 million 9 7/8% senior subordinated notes; Elmsford, N.Y. manufacturer and distributor of decorative party goods; roadshow starts April 20; pricing during April 26 week.

APRIL BUSINESS

REGAL CINEMAS BONDS CORP.: $400 million subordinated notes; Credit Suisse First Boston; Rule 144A; also $1.35 billion senior secured credit facility; to fund tender for Regal Cinemas Corp.'s $350 million 9 3/8% senior subordinated notes due 2012 and pay an extraordinary dividend of $5.00 per share to holders of class A and class B common stock, and for general corporate purposes including potential acquisitions; roadshow expected to start late in April 19 week.

POLYPORE INC.: $200 million guaranteed senior subordinated unsecured notes due 2012 (Caa1); JP Morgan (books), Bear Stearns & Co., Lehman Brothers, UBS Investment Bank (co's); Rule 144A with registration rights; non-callable for four years; also $495 million credit facility; to help fund Warburg Pincus LLC's acquisition of Polypore from The InterTech Group Inc. and GTCR Golder Rauner LLC, expected to be completed in second quarter; North Charleston, S.C. manufacturer of specialized microporous filtration products; expected to launch during week of April 19.

RADNET MANAGEMENT CO., INC. (PRIMEDEX): $150 million senior notes due 2012 (Caa1/B); Citigroup; Rule 144A/Regulation S; non-callable for four years; to repay debt; wholly owned subsidiary of Primedex Health Systems, Inc., a Los Angeles-based provider of diagnostic imaging outpatient services in California; price talk 11¼%-11½%.

GUNDLE/SLT ENVIRONMENTAL INC.: $150 million high yield bonds; UBS Investment Bank; 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; expected in early April.

CONTINENTAL CHEMICAL HOLDINGS LTD.: $150 million notes due 2009 (B1/B+); UBS Securities; Rule 144A/Regulation S; Singapore-based maker of intermediate chemicals and specialty resin products; expected to price in April.

RHODIA: €600 million equivalent notes (issuer ratings B3/B; senior subordinated debt ratings Caa1/CCC+); Credit Suisse First Boston, BNP Paribas, Goldman Sachs & Co.; Rule 144A/Regulation S; also €450 million equivalent rights issue; to refinance bank debt; specialty chemical manufacturer headquartered in France; expected to price mid-April.

TELE COLUMBUS: €475 million in senior notes due 2010 and senior subordinated notes due 2011, sizes to be determined; Merrill Lynch & Co.; Rule 144A/Regulation S; to fund the acquisition of Telecolumbus by BC Partners from Deutsche Bank; cable television and communications services company based in Hanover, Germany; roadshow started April 15 in Europe.

MAY BUSINESS

UGS PLM SOLUTIONS: $1 billion split between high yield and bank transactions; bond deal to be led by Citigroup, JP Morgan, Morgan Stanley; to help support acquisition of UGS PLM by Bain Capital, Silver Lake Partners and Warburg Pincus from Electronic Data Systems Corp. for $2.05 billion in cash; Plano, Tex. provider of PLM software and related services; expected May business.

SECOND QUARTER

B&G FOODS HOLDINGS CORP.: senior debt offering, likely high yield bonds; Lehman Brothers; also common stock and subordinated notes IPO via RBC Capital Markets, Credit Suisse First Boston, Merrill Lynch & Co., Lehman Brothers and Piper Jaffray; registered deal; 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. company manufacturer of shelf-stable food products across the U.S., Canada and Puerto Rico.

ON THE HORIZON

PREMCOR REFINING GROUP INC.: $400 million senior notes in tranches due 2011 and 2014; 2011 notes will be bullets, 2014 notes will be non-callable for five years; Credit Suisse First Boston, Morgan Stanley, Citigroup (joint books), UBS (co); off shelf; also selling 13 million common shares; to finance the recently announced acquisition of Delaware City refining complex located in Delaware City, Delaware from Motiva Enterprises LLC and general corporate purposes; Old Greenwich, Conn.-based petroleum refiner.

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, L.P.

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.

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.

LABRANCHE & CO. INC.: New senior notes; Rule 144A; to fund tender for 9 ½% senior notes due August 2004 and 12% senior subordinated notes due March 2007, Credit Suisse First Boston dealer manager, expires May 3, 2004; New York City-based financial specialist firm.

ADESA INC.: $150 million of high yield unsecured notes, Merrill Lynch & Co., UBS Investment Bank, also $500 million credit facility; to replace and repay the company's existing credit facility, pay a $100 million dividend to Allete, repay $200.2 million of outstanding debt owed to unaffiliated third parties and repay all outstanding intercompany debt owed to Allete and its subsidiaries, which totaled $136.1 million as of Dec. 31, 2003; Carmel, Ind. operator of used vehicle and auto salvage auctions; expected to launch early May.

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.

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.

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.

ROADSHOWS

April 12-20: CHC HELICOPTER CORP. $250 million; Merrill Lynch & Co.; Rule 144A; 10NC5

Started April 13: IPCS INC. $180 million; Credit Suisse First Boston, Bear Stearns & Co.; Rule 144A; eight-year

Started April 13: INVISTA: $575 million; JP Morgan, Credit Suisse First Boston; Rule 144A/Regulation S; 8NC4

Started April 15: TELE COLUMBUS €475 million; Merrill Lynch & Co.; Rule 144A/Regulation S; 6- and 7-year

April 15-27: GIANT INDUSTRIES INC. $150 million; Banc of America Securities; registered; 10NC5

Started April 16: WASTE SERVICES INC. $160 million; Lehman Brothers; 10NC5

April 19-26: SEA CONTAINERS LTD. $150 million; Citigroup; registered; 10NC5

Starts week of April 19: POLYPORE INC. $200 million; JP Morgan; Rule 144A; 8NC4

Starts late in April 19 week: REGAL CINEMAS BONDS CORP. $400 million; Credit Suisse First Boston; Rule 144A

Starts April 20: AMSCAN HOLDINGS INC. $175 million; Goldman Sachs & Co.; Rule 144A/Regulation S; 10NC5

Starts April 23: EMMIS OPERATING CO. $350 million; Goldman Sachs & Co.; Rule 144A

RECENT SHELF FILINGS WITH THE SEC:

VCA ANTECH, INC. (Symbol: WOOF): $250 million shelf filed April 14 for common stock, preferred stock, debt securities and warrants; securities may be issued as convertibles; Los Angeles animal health care services company will use proceeds for acquisitions, to reduce debt or for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/817366/000101143804000105/form_s-3.txt

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