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Published on 11/12/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $4.17 billion and €580 million deals being marketed

NOVEMBER 9 WEEK

REVLON CONSUMER PRODUCTS CORP.: $330 million senior secured notes due 2015; Citigroup Global Markets Inc., Bank of America Merrill Lynch, Credit Suisse Securities, J.P. Morgan Securities Inc.; Rule 144A/Regulation S with registration rights; non-callable for three years; secured by second lien on term loan collateral; proceeds, together with other cash, to fund tender for $340.5 million 9½% senior notes due April 2011; New York City-based cosmetics and beauty care products company; price talk 10% area, pricing Friday.

COLUMBUS INTERNATIONAL, INC.: $450 million senior secured notes due 2014 (B2/B); Citigroup, Standard Bank, RBC Capital Markets (joint); Rule 144A for life; non-callable; to fund capital expenditure and prepay operating company debt; undersea cable network services provider; price talk 11% to 11½%; roadshow continues through Thursday, pricing after.

NOVEMBER 16 WEEK

CLEARWIRE COMMUNICATIONS and CLEARWIRE FINANCE, INC.: $1.45 billion senior secured notes due 2015; J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Morgan Stanley & Co., Jefferies & Co. (joint); Rule 144A for life; non-callable for three years; to repay bank debt and for general corporate purposes; Kirkland, Wash.-based wireless broadband services provider; roadshow Nov. 11-17, investor call Nov. 12; pricing expected Nov. 18.

ALTRA HOLDINGS, INC.: $200 million senior secured notes due 2016 (expected ratings B1/B+); Jefferies & Co. Bank of America Merrill Lynch, J.P. Morgan Securities Inc. (joint), KeyBanc Capital Markets, Stephens Inc. (co's); Rule 144A/Regulation S with registration rights; non-callable for three years; to repurchase or redeem Altra's 9% notes and to repay TB Wood's revolver; Quincy, Mass.-based manufacturer of mechanical power transmission and motion control products; roadshow Nov. 12-17, investor call 11 a.m. ET on Nov. 13.

STONEMOR OPERATING LLC: $150 million senior notes due 2017; Bank of America Merrill Lynch (books), Raymond James, TD Securities (co's); Rule 144A with registration rights; non-callable for four years; to repay revolver debt and redeem part of the outstanding series B senior secured notes due 2012; Bristol, Pa.-based owner/operator of cemeteries; roadshow until Nov. 18; pricing thereafter.

CLOUD PEAK ENERGY RESOURCES LLC and CLOUD PEAK ENERGY FINANCE CORP.: $600 million senior unsecured notes due 2016, non-callable for four years, and due 2019, non-callable for five years; Morgan Stanley & Co., Credit Suisse, RBC Capital Markets Corp. (books), Calyon Securities, J.P. Morgan Securities Inc., Scotia Capital, SG Corporate & Investment Banking, Wells Fargo Securities (senior co's), BMO Securities, Citigroup Global Markets Inc., ING, Natixis Bleichroeder, PNC Capital Markets, Raymond James, SunTrust Robinson Humphrey Inc., Capital One Securities (co's); Rule 144A/Regulation S; to pay a distribution to Rio Tinto Energy America Inc., for general corporate purposes, including cash reserves for securing reclamation obligations, and for capital expenditures; Gillette, Wyo.-based coal company; marketing began Nov. 9; pricing late Nov. 16 week.

JOHNSONDIVERSEY, INC.: $400 million senior notes due 2019 (expected ratings B3/B-); Goldman Sachs & Co. (left-lead), Citigroup Global Markets Inc., Barclays Capital Inc., HSBC Securities, J.P. Morgan Securities Inc. (joint), Morgan Stanley & Co., Natixis Bleichroeder, Rabo Securities, RBC Capital Markets Corp., Scotia Capital (co's); Rule 144A with registration rights; proceeds, together with new credit facilities, to fund recapitalization transactions, including the repurchase or redemption of its outstanding senior subordinated notes, and to repay existing credit facilities; Sturtevant, Wis.-based provider of commercial cleaning, sanitation and hygiene solutions; roadshow Nov. 16-19, pricing thereafter.

CENTRAL EUROPEAN DISTRIBUTION CORP. (CEDC): €580 million equivalent in dollar- and euro-denominated senior notes due 2016; Goldman Sachs & Co. (left books), Citigroup, Deutsche Bank (joint) UBS Investment Bank (co); non-callable for four years; also concurrent offering of 9.5 million common shares; to purchase Lion Capital's remaining stake in Russian Alcohol Group and to repay debt including CEDC's outstanding secured notes due 2012; Warsaw, Poland-based beverage producer and distributor; U.S. roadshow began Nov. 9 week, Europe roadshow Nov. 16-19, pricing thereafter.

LANDRY'S RESTAURANTS INC.: $390 million six-year senior secured notes (expected ratings B3/B); Jefferies & Co., Deutsche Bank Securities, UBS Investment Bank (joint); Rule 144A/Regulation S with registration rights; non-callable for three years; to refinance existing debt, and either for general corporate purposes or, if consummated, to fund a portion of the acquisition of Landry's by Landry's chairman, chief executive officer and president Tilman J. Fertitta; Houston-based restaurant, hospitality and entertainment company; roadshow Nov. 9-20.

ALLIANCE HEALTHCARE SERVICES, INC.: $200 million senior notes due 2016; Deutsche Bank Securities Inc., Barclays Capital Inc., Morgan Stanley & Co.; Rule 144A/Regulation S; non-callable for three years; also $450 million 6.5-year term loan and $120 million five-year revolver; to fund tender for Alliance's outstanding $300 million of 7¼% senior subordinated notes due 2012, and refinance bank debt; Newport Beach, Calif.-based health care services provider; roadshow starts Nov. 13; pricing Nov. 16 week.

EXPECTED DECEMBER BUSINESS

NATIONAL MONEY MART CO. (DOLLAR FINANCIAL CORP.): $250 million senior unsecured notes; Rule 144A/Regulation S; to finance the acquisition of Military Financial Services, LLC; Dollar Financial is a Berwyn, Pa.-based financial services company; expected December business.

JDA SOFTWARE GROUP, INC.: $275 million senior secured notes with five-year to seven-year maturity, in best efforts deal; proceeds to help finance acquisition of i2 Technologies, Inc.; Goldman Sachs financial adviser to JDA, a Scottsdale, Ariz.-based supply chain services provider; expected to yield 8½% to 8¾%; expected December business.

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.

IMS HEALTH INC.: $1 billion of senior unsecured notes; Goldman Sachs & Co.; to help fund buyout by TPG Capital and the CPP Investment Board, expected to close first quarter of 2010, subject to approval of IMS shareholders, regulatory approvals and customary closing conditions; Norwalk, Conn.-based provider of market intelligence to the pharmaceutical and health care industries.

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.

NORTH AMERICAN ENERGY PARTNERS, INC: C$200 million (approximate) notes; Jefferies & Co.; Edmonton, Alta.-based gas and oil field services provider.

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

Nov. 5-12: COLUMBUS INTERNATIONAL, INC. $450 million; Citigroup, Standard Bank, RBC Capital Markets

Started Nov. 9: CLOUD PEAK ENERGY RESOURCES LLC and CLOUD PEAK ENERGY FINANCE CORP. $600 million; Morgan Stanley & Co., Credit Suisse, RBC Capital Markets Corp.

Nov. 9-20: LANDRY'S RESTAURANTS INC. $390 million; Jefferies & Co., UBS Investment Bank

Nov. 10-12: REVLON CONSUMER PRODUCTS CORP. $330 million; Citigroup Global Markets Inc., Bank of America Merrill Lynch, Credit Suisse Securities, J.P. Morgan Securities Inc.

Nov. 11-17: CLEARWIRE COMMUNICATIONS and CLEARWIRE FINANCE, INC. $1.45 billion; J.P. Morgan Securities Inc., Bank of America Merrill Lynch, Morgan Stanley & Co., Jefferies & Co.

Nov. 12-17: ALTRA HOLDINGS, INC. $200 million; Jefferies & Co. Bank of America Merrill Lynch, J.P. Morgan Securities Inc.

Starts Nov. 13: ALLIANCE HEALTHCARE SERVICES, INC. $200 million; Deutsche Bank Securities Inc., Barclays Capital Inc., Morgan Stanley & Co.

Until Nov. 18: STONEMOR OPERATING LLC $150 million; Bank of America Merrill Lynch

Nov. 16-19: JOHNSONDIVERSEY, INC. $400 million; Goldman Sachs & Co.

Through Nov. 19: CENTRAL EUROPEAN DISTRIBUTION CORP. (CEDC) €580 million equivalent; Goldman Sachs & Co.


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