High Yield Calendar: $2.265 billion and €1.775 billion deals being marketed

April 30 week

SABRE HOLDINGS: $400 million senior secured notes due 2019 (B1/B); Goldman Sachs & Co., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., Bank of America Merrill Lynch, Barclays Capital Inc., Natixis, Mizuho Securities, (joint); Rule 144A and Regulation S; non-callable for three years; to repay portions of outstanding loans due 2014 as part of a proposed amendment and extension of the credit facility and for general corporate purposes; Southlake, Texas-based travel technology company; price talk 8½% to 8¾%; pricing expected Wednesday afternoon.

EVERTEC, LLC and EVERTEC FINANCE CORP.: $40 million add-on to 11% senior notes due Oct. 1, 2018 (existing ratings Caa1/B-); Bank of America Merrill Lynch (lead left), Morgan Stanley & Co. LLC (joint books), Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., UBS Investment Bank (co's); Rule 144A with registration rights; fungible upon registration; callable on Oct. 1, 2014 at 105.5; proceeds, together with the proceeds from the credit agreement transactions and available cash on hand, to pay a cash dividend to the direct parent company, Carib Holdings, which in turn will ultimately be paid as a cash dividend to the stockholders of the indirect parent company, Carib Inc.; San Juan, Puerto Rico-based provider of transaction processing, payment processing, merchant acquiring and other related services in Puerto Rico and certain countries within the Caribbean and Central and Latin America; original $220 million issue priced at par in September 2010.

AFFINITY GAMING LLC: $200 million senior notes due 2020 (Caa1); Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Jefferies & Co., Macquarie Capital; Rule 144A and Regulation S with registration rights; non-callable for four years; to refinance debt from the company's Chapter 11 proceedings; Las Vegas-based gaming company; roadshow starts April 26; pricing expected mid-to-late April 30 week.

EUROPCAR GROUPE SA: €335 million senior subordinated secured notes due 2017 (Caa1/B-); Deutsche Bank AG (bill and deliver, joint bookrunner), Credit Agricole CIB, Goldman Sachs International, J.P. Morgan, SG CIB, Royal Bank of Scotland (joint leads), BNP Paribas, Lloyds TSB (bookrunners); Rule 144A and Regulation S; non-callable for three years; to refinance debt; Saint Quentin en Yvelines, France-based car rental company; roadshow starts Friday in Paris and Frankfurt, Monday and Tuesday in London.

MONIER GROUP: €250 million senior secured notes due 2019 (//B+); J.P. Morgan, Deutsche Bank AG, Morgan Stanley; Rule 144A for life; non-callable for three years; to refinance bank debt; Frankfurt, Germany-based supplier of roofing products and services; roadshow Apri1 30-May 3.

CNG FINANCIAL, INC.: $350 million senior secured notes due 2020 (B3/B); Credit Suisse Securities (USA) LLC, Jefferies & Co., Wells Fargo Securities LLC (joint); Rule 144A and Regulation S for life; non-callable for four years (special call provision allows issuer to redeem up to 10% of the notes annually at 103); 101% poison put; to fund tender offer for existing 12¼% notes and 13¾% notes and general corporate purposes; Cincinnati-based provider of international alternative financial services; investor call May 1; pricing later in April 30 week.

LECTA SA €590 million in two tranches: Senior secured floating-rate notes due 2018, non-callable for two years, and senior secured fixed-rate notes due 2019, non-callable for three years, tranche sizes to be determined; Deutsche Bank AG (bill and deliver), Credit Suisse, Morgan Stanley (joint); Rule 144A and Regulation S for life; to refinance debt; coated paper manufacturer based in Luxembourg; roadshow starts Tuesday.

AGS HOLDINGS, LLC and AGS FINANCING CORP. (AMERICAN GAMING SYSTEMS INC.): $150 million senior secured notes due 2017; Credit Suisse (books); Rule 144A for life; non-callable for 2.5 years; three-year 35% equity clawback; 101% poison put; to refinance existing debt and fund the buyout of the Bluberi Gaming Technologies development agreement; Henderson, Nev.-based provider of equipment and services to the gaming industry.

MBI ENERGY SERVICES, INC.: $250 million senior notes due 2020 (confirmed Caa1/expected B); RBC Capital Markets (left books), Wells Fargo Securities LLC (joint books), Imperial Capital, US Bancorp (joint leads), Fifth Third Securities Inc., Comerica Investments, Tudor Pickering Holt & Co. (co's); Rule 144A and Regulation S with registration rights; non-callable for four years; three-year 35% equity clawback; 101% poison put; to repay debt and for general corporate purposes; Belfield, N.D.-based provider of products and services to the energy industry, focused primarily on oil resource plays in the Bakken Field; price talk 10% area (revised from 9½% area, also covenant revisions).

May 7 week

RUBY TUESDAY, INC.: $250 million senior notes due 2020 (/B-/); Bank of America Merrill Lynch (sole books), Lazard Capital Markets, Wells Fargo Securities LLC (co-leads), Fifth Third Securities Inc., US Bancorp, PNC Capital Markets LLC, BB&T Capital Markets (co's); Rule 144A and Regulation S with registration rights; non-callable for four years; 101% poison put; to repay all revolver debt, to redeem all of the series B senior notes, to pay off certain mortgage loans and for general corporate purposes; Maryville, Tenn.-based casual dining restaurant company; investor call 12:30 p.m. ET May 1; roadshow through May 7; pricing thereafter.

SCHMOLZ + BICKENBACH LUXEMBOURG SA (SCHMOLZ + BICKENBACH AG): €300 million senior secured notes due 2019; BNP Paribas, Commerzbank, Credit Suisse, Royal Bank of Scotland, UniCredit (joint); Rule 144A and Regulation S for life; callable after three years at par plus 75% of coupon; to refinance bank debt and general corporate purposes; Emmenbruecke, Switzerland-based specialty steel manufacturer; roadshow May 2-7.

OPI INTERNATIONAL: $125 million first-lien senior secured notes due 2017; Global Hunter Securities; non-callable for three years; to help fund the acquisition of offshore construction vessels and refinance debt; Houston-based services provider to the offshore oil and gas industry; roadshow started April 24; pricing May 7 week.

CARLSON WAGONLIT BV: $850 million equivalent senior secured notes due 2019 in dollar- and euro-denominated notes (high single B ratings expected); J.P. Morgan Securities LLC (left books), BNP Paribas, Jefferies & Co., Lloyds TSB, Morgan Stanley & Co. (joint books); Rule 144A and Regulation S for life; callable after three years at par plus 75% of coupon; to refinance existing loan and floating-rate notes; Amsterdam-based travel management services provider; European roadshow April 30-May 2; U.S. roadshow May 3-8; pricing expected May 9.

ALIMAK HEK INC.: Possible notes offering; SEB Enskilda, Handelsbanken; Stockholm-based manufacturer of industrial lifts; Scandinavia-only roadshow starts May 2.

Expected May business

HARLAND CLARKE HOLDINGS CORP. $300 million senior secured notes; to repay bank debt associated with an amendment and three-year extension of the company's senior secured term loan which launched on May 1, 2012 via Credit Suisse Securities (USA) LLC, commitments due May 7; San Antonio-based provider of integrated payment, marketing and security services and retail products.

MEDIA GENERAL INC.: $225 million minimum senior notes; J.P. Morgan Securities LLC, Bank of America Merrill Lynch (joint); $190 million to be used to repay amounts outstanding under the existing credit facility and a to-be-determined amount will be used to fund a liquidity account (term loan maturity extension announced on March 20 was conditioned upon the company's ability to raise $225 million in the high-yield market by May 25, 2012); Richmond, Va.-based diversified media company.

NGPL PIPECO: $600 million senior secured notes; Credit Suisse Securities (USA) LLC, Barclays Capital Inc., RBC Capital Markets LLC (joint); also $675 million credit facility, commitments due May 4; to help fund tender for 6.514% senior notes due 2012, which expires May 11, 2012; Houston-based natural gas transportation and storage company; timing of notes launch to be determined.

PENN VIRGINIA RESOURCE PARTNERS LP: $220 million senior notes, backed by a bridge loan led by RBC; proceeds will be used, along with equity, to fund the acquisition of Chief Gathering LLC from Chief E&D Holdings LP for $800 million in cash and $200 million of a new class of limited partner interests; Penn Virginia is a Radnor, Pa.-based owner and manager of coal and natural resource properties, and midstream natural gas gathering and processing businesses.

On the Horizon

CAPTAIN BIDCO SAS (ASCOMETAL): €300 million senior secured notes due 2020 (expected ratings B3/B-); Bank of America Merrill Lynch (bill and deliver, joint books), Morgan Stanley (joint books); Rule 144A and Regulation S for life; non-callable for four years; 101% poison put; to refinance debt used to acquire Ascometal; Courbevoie, France, steel producer.

CKX ENTERTAINMENT, INC.: $360 million senior secured second-lien notes due 2019 (/B-/); Goldman Sachs & Co. (left books), Macquarie Group Ltd. (joint books); Rule 144A and Regulation S; non-callable for four years; to fund the purchase of common stock and repay existing credit facility; New York City-based owner and developer of entertainment content; possible business for the first quarter of 2012.

CONSOLIDATED COMMUNICATIONS HOLDINGS INC.: $350 million senior notes; to take out bridge loan backing the acquisition of Roseville, Calif.-based communications services provider SureWest Communications; Morgan Stanley Senior Funding Inc. is leading the debt financing; Mattoon, Ill.-based communications company; acquisition expected to close in the fourth quarter of 2012.

ENERGY TRANSFER EQUITY, LP: $3.2 billion high-yield bonds to help complete the $7.9 billion merger of Energy Transfer and Southern Union Co., including repayment of $3.7 billion of Southern Union debt; Energy Transfer is a Dallas-based oil and gas pipeline company.

FOUR SEASONS HEALTH CARE: £525 million high-yield bonds; Barclays plc, Goldman Sachs International; to help fund the £825 million LBO of the company by Terra Firma Capital Partners Ltd., expected to close during the first half of 2012; Wilmslow, England-based care home operator.

FRESENIUS SE & CO. KGAA: €5.3 billion of secured and unsecured debt including notes; Deutsche Bank, JPMorgan, Societe Generale, Credit Suisse, UniCredit; to help fund the public takeover offer to Rhon-Klinikum AG shareholders, expected to close in the third quarter of 2012, and refinance a credit facility that was obtained in 2008 for the acquisition of APP Pharmaceuticals; Bad Homburg, Germany-based provider of dialysis services and products.

GLOBALIVE WIRELESS MANAGEMENT CORP.: Up to $1 billion equivalent in U.S. dollar- and Canadian dollar-denominated notes; Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BMO Capital Markets Corp.; Rule 144A; to fund expansion of its wireless network and for general corporate purposes; Toronto-based wireless communications services provider; expected during first quarter of 2012.

GREENFIELD ETHANOL INC.: C$175 million of five-year senior second-lien notes (/B+//DBRS: B); Scotia Capital Inc. (lead); Macquarie Capital Markets Canada Ltd., Societe Generale (Canada) and TD Securities Inc. (co-managers); non-callable for three years, 101% change-of-control put; equity clawback for up to 35% in first three years; Canada call at 50 bps over Canadian government benchmark; guarantors GreenField Ethanol (Johnstown) Inc.; GreenField Ethanol (Hensall) Inc.; GreenField Hensall LP; GreenField Hensall GP Inc.; Pharmco Products Inc.; Aaper Alcohol and Chemical Co., Aaper Holdings Inc.; GreenField Ethanol of Quebec Inc. and all future restricted subsidiaries of GreenField.; proceeds to repay debt, to terminate existing interest rate swap agreements and for general corporate purposes; Ontario-based GreenField Ethanol is Canada's largest ethanol company.

HOLOGIC INC.: $500 million unsecured notes and $3.3 billion credit facility led by Goldman Sachs & Co.; to fund the $3.7 billion, $82.75 per share, acquisition of Gen-Probe Inc., expected to close during the second half of 2012; Hologic is a Bedford, Mass.-based developer medical diagnostic systems developer and manufacturer; Gen-Probe is a San Diego-based molecular diagnostics developer and manufacturer.

M&G FINANCE CORP.: $200 million to $300 million senior secured notes due 2019 (expected B3//BB), downsized from $500 million; J.P. Morgan Securities LLC (sole); Rule 144A and Regulation S for life; non-callable (call protection increased from four years); to finance construction of new PET and PTA production facilities, pay back intercompany debt and fund working capital; Houston-based Mossi & Ghisolfi (M&G) produces polyethylene terephthalate (PET) resin for packaging applications; price talk 10% coupon to yield 12% at an issue price of approximately 90.00.

NAL OIL & GAS: C$150 million to C$250 million notes; RBC Capital Markets, BMO Nesbitt Burns; Calgary, Alta., trust acquires interests in Canada's upstream conventional oil and gas industry.

P.F. CHANG CHINA BISTRO INC.: New high-yield bonds and credit facility to help fund the approximately $1.1 billion LBO by Centerbridge Partners LP, which is expected to begin a tender for shares no later than May 15, 2012 (transaction expected to close in the third quarter of 2012; Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are leading the financing; Scottsdale, Ariz.-based owner and operator of two restaurant concepts in the Asian niche.

TRINSEO MATERIALS OPERATING SCA: $450 million six-year senior notes (B3/B), non-callable for three years (structure changed from seven-year non-call-four); Barclays Capital Inc. (left lead), Deutsche Bank Securities Inc., BMO Securities, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC; Rule 144A and Regulation S with registration rights; non-callable for four years; to repay bank debt and for general corporate purposes; diversified chemical company; price talk 12¼% area, including about 3 points of OID; roadshow was in late November 2011; likely business for the first quarter of 2012.

ZAYO GROUP LLC $1.25 billion: $750 million senior secured notes and $500 million senior unsecured notes; also $1.75 billion credit facility; Morgan Stanley Senior Funding Inc. and Barclays Capital Inc. (joint), SunTrust Robinson Humphrey Inc., UBS Securities LLC, RBC Capital Markets LLC, Goldman Sachs & Co.; to fund the acquisition of AboveNet Inc., expected to close by the middle of 2012; financing also includes $290 million of equity from GTCR and Charlesbank Capital Partners and cash on hand; Zayo is a Louisville, Colo.-based provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services.

Roadshows

Started April 24: OPI INTERNATIONAL $125 million; Global Hunter.

Started April 25: SABRE HOLDINGS $400 million; Goldman Sachs, Bank of America Merrill Lynch, Barclays, Deutsche Bank, Mizuho, Morgan Stanley, Natixis.

Started April 26: AFFINITY GAMING LLC $200 million; Deutsche Bank, JPMorgan, Jefferies, Macquarie.

Started April 27: EUROPCAR GROUPE SA €335 million; Deutsche Bank, Credit Agricole, Goldman Sachs, JPMorgan, SG, Royal Bank of Scotland.

April 30-May 3: MONIER GROUP €250 million; JPMorgan, Deutsche Bank, Morgan Stanley.

Started April 30: CARLSON WAGONLIT: $850 million; JPMorgan, BNP, Jefferies, Lloyds, Morgan Stanley.

Starts May 1: LECTA SA €590 million; Deutsche Bank, Credit Suisse, Morgan Stanley.

Pricing April 30 week: CNG FINANCIAL: $350 million; Credit Suisse, Jefferies, Wells Fargo.

Starts May 2: ALIMAK HEK INC.; SEB, Handelsbanken.

May 1-7: SCHMOLZ + BICKENBACH €300 million; BNP Paribas, Commerzbank, Credit Suisse, Royal Bank of Scotland, UniCredit.

Through May 7: RUBY TUESDAY; Bank of America Merrill Lynch.

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