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Published on 10/20/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $5.34 billion and €500 million deals being marketed

OCTOBER 19 WEEK

MOHEGAN TRIBAL GAMING: $200 million senior secured second-lien notes due 2017; Deutsche Bank Securities Inc., Goldman Sachs & Co., Bank of America Merrill Lynch, Wells Fargo Securities, Calyon Securities, Citigroup Global Markets Inc. (joint); Rule 144A for life; non-callable for four years; to repay bank debt; Uncasville, Conn.-based gaming and entertainment company; price talk 12% to 12¼% yield with 2 to 3 points of OID (also covenant changes); pricing Wednesday morning.

NAVISTAR INTERNATIONAL CORP.: $1 billion senior unsecured notes due 2021; Credit Suisse, J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co.; SEC registered; non-callable for five years ($50 million callable each year at 103 during non-call period); to refinance term loan and for general corporate paper; Warrensville, Ill.-based truck producer; to be marketed on Wednesday, priced on Thursday afternoon.

BOISE INC.: $300 million notes due 2017; J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch (joint); to repay term loan borrowings; Boise, Idaho-based manufacturer of packaging and paper products; pricing expected Oct. 23.

NAVIOS MARITIME HOLDINGS INC./NAVIOS MARITIME FINANCE (US) INC.: $375 million first-priority ship mortgage notes due 2017 (weak double-B ratings expected); Bank of America Merrill Lynch, J.P. Morgan Securities Inc. (joint), Goldman Sachs & Co., Commerzbank, DVB Capital Markets, DnB NOR (co's); Rule 144A; non-callable for four years; to repay bank debt and purchase vessels (company will set up escrow account for $105 million to purchase the vessels); Piraeus, Greece-based seaborne shipping and logistics company; pricing late Oct. 19 week.

CAMPOFRIO FOOD GROUP: €500 million senior notes due 2016 (B1); Deutsche Bank, RBS; Madrid, Spain-based processed meat company; roadshow started Oct. 20; pricing late Oct. 19 week.

OCTOBER 26 WEEK

REYNOLDS GROUP: $1.8 billion equivalent senior secured notes due 2016, $1.1 billion, €450 million, tranche sizes subject to change; Credit Suisse; Rule 144A/Regulation S with registration rights; non-callable for three years; to fund the acquisition of Reynolds Consumer Products by SIG group, and refinance SIG's senior secured term loan; Reynolds is a Richmond, Va., manufacturer of consumer packaging and wraps; full roadshow during Oct. 19 and Oct. 26 weeks; pricing late Oct. 26 week.

MURRAY ENERGY CORP.: $440 million senior secured notes due 2015 (/B+/); Goldman Sachs & Co. (books), Jefferies & Co. (joint lead); Rule 144A for life; proceeds together with available cash to repay all of the debt outstanding under its existing credit facilities; Pepper Pike, Ohio-based coal producer; roadshow starts Monday.

DELUXE ENTERTAINMENT SERVICES GROUP INC.: $600 million first-lien notes due 2017 (B1/B); Credit Suisse Securities, J.P. Morgan Securities Inc. (joint); Rule 144A; non-callable for four years (10% of issue callable at 103 each year during the non-call period); to refinance bank debt; Hollywood, Calif.-based digital cinema services company; price talk 12% area yield, discounted 2 points to 3 points.

UNIVERSAL CITY DEVELOPMENT PARTNERS LTD.: $625 million two-part deal: $400 million senior notes due 2015, non-callable for three years, and $225 million senior subordinated notes due 2016, non-callable for four years; J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. Inc.; Rule 144A/Regulation S with registration rights; to refinance bank debt, fund tender for notes due 2010 and for general corporate purposes; Orlando, Fla.-based vacation destination and theme park operator; roadshow Oct. 26-29; pricing expected Oct. 20.

EXPECTED OCTOBER BUSINESS

GCI INC.: $400 million senior notes due 2019 (existing ratings B3/B-); to retire senior credit facility; Longwood, Fla.-based telecommunications services provider; expected to launch late Oct. 19 week.

DONINGTON HOLDINGS: £135 million first-lien notes due 2016; Citigroup; to refinance redevelopment of Donington Park for Formula One racing; Derby, England-based motor racing enterprise.

ON THE HORIZON

CDW CORP.: $1.94 billion notes: $890 million senior unsecured cash-pay notes due 2015 (Caa1/CCC+), $300 million senior unsecured PIK toggle notes due 2015 (Caa1/CCC+) and $750 million senior subordinated notes due 2017 (Caa2/CCC+); J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

GENERAL MOLY: $540 million to $700 million debt financing including high-yield bonds, leveraged loans and possibly convertibles; Credit Suisse and Barclays, arrangers; to fund the Mt. Hope molybdenum project, located in central Nevada; also $240 million to $400 million of equity; formerly Idaho General Mines, General Moly is a Lakewood, Colo.-based molybdenum mineral development, exploration and mining company.

INFORMA GLOBAL MARKETS: High-yield notes (Ba2/BB), size to be determined; JPMorgan; London-based real-time capital markets information services provider; originally scheduled as early September business, pending market conditions.

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.

ROADSHOWS

Through Oct. 20: MOHEGAN TRIBAL GAMING $200 million; Deutsche Bank Securities Inc., Goldman Sachs & Co., Bank of America Merrill Lynch, Wells Fargo Securities, Calyon Securities, Citigroup Global Markets Inc.

To price Oct. 23: BOISE INC. $300 million; J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch.

Pricing late Oct. 19 week: NAVIOS MARITIME HOLDINGS INC./NAVIOS MARITIME FINANCE (US) INC. $375 million; Bank of America Merrill Lynch, J.P. Morgan Securities Inc.

Oct. 19 and Oct. 26 weeks: REYNOLDS GROUP $1.8 billion equivalent; Credit Suisse

Starts Oct. 19: MURRAY ENERGY CORP. $440 million; Goldman Sachs & Co.

Started Oct. 20: CAMPOFRIO FOOD GROUP €500 million; Deutsche Bank, RBS

Oct. 26-29: UNIVERSAL CITY DEVELOPMENT PARTNERS LTD. $625 million; J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. Inc.


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