High Yield Calendar: $2.33 billion and €265 million deals being marketed

Feb. 3 Week

MICRON TECHNOLOGY, INC.: $500 million senior notes due 2022 (/BB-/); Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. (joint), DBS Bank, HSBC Securities, U.S. Bancorp Investments Inc. (co's); Rule 144A with registration rights; non-callable for three years; to pay a portion of the costs of extinguishing obligations with respect to outstanding 1 7/8% convertible senior notes due 2014, which may include payments in settlement of conversions of or to repurchase or redeem the notes; Boise, Idaho-based maker of semiconductor devices; price talk 6% area; books close at 10 a.m. ET Wednesday, except for West Coast accounts that have meetings, pricing thereafter.

CENTURY INTERMEDIATE HOLDING CO. 2, the parent of AMERICAN GREETINGS CORP.: $275 million senior PIK toggle notes due 2019 (expected ratings B3/B-); BofA Merrill Lynch, Deutsche Bank Securities Inc., PNC Capital Markets, RBS Securities Inc., Wells Fargo Securities LLC (joint), BBVA, Mitsubishi UFJ, Scotia Capital, U.S. Bancorp Investments Inc. (co's); Rule 144A and Regulation S for life; callable in two years at 102; proceeds, together with cash on hand and/or a draw on the revolver of up to $50 million, to fund the redemption of Koch Investment's preferred equity interest in Century Intermediate Holding Co., and help fund the construction of American Greetings' new world headquarters. Cleveland-based greeting card company; New York lunch and investor call 12:30 p.m. ET Wednesday.

LENNAR CORP. $250 million senior notes due 2026 (Ba3/BB-); Citigroup Global Markets Inc., BMO Securities, BofA Merrill Lynch, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC (joint); non-callable; for general corporate purposes; Miami-based homebuilder; price talk 4¼% area; pricing Wednesday.

LANSING TRADE GROUP: $175 million senior notes due 2021 (B3/B+); Macquarie Capital (books), Global Hunter Securities (co); Rule 144A for life; non-callable for three years; 35% equity clawback; to refinance debt, including a partial repayment of the ABL facility; independent commodity merchandising and handling company based in Overland Park, Kan.; price talk 8¾% to 9%; books close 3 p.m. ET Thursday.

SAFARI HOLDING VERWALTUNGS GMBH: €265 million senior secured floating-rate notes due 2020 (B2/B); Jefferies (bill and deliver, joint books), Credit Suisse (joint books); Rule 144A and Regulation S for life; non-callable for two years; to repay debt and repay shareholder loans; one of the largest private arcade operators in Germany; roadshow started Jan. 29; pricing early Feb. 3 week.

NORSHORE ATLANTIC BV: $150 million five-year senior secured bonds; Arctic Securities ASA, ABG Sundal Collier (joint lead managers); Rule 144A in the United States; non-callable for three years; to repay financing related to the vessel Norshore Atlantic; drilling contractor based in Bergen, Norway; global roadshow started Jan. 27.

BIOSCRIP, INC.: $200 million senior notes due 2021; Jefferies LLC (left books), SunTrust Robinson Humphrey Inc., Morgan Stanley & Co. LLC (joint books); Rule 144A and Regulation S with registration rights; callable after three years at par plus 75% of the coupon; to repay certain amounts under a senior credit facility; Eden Prairie, Minn.-based provider of home infusion and other health care services; roadshow started Feb. 3; pricing at the end of the Feb. 3 week.

Feb. 10 Week

B COMMUNICATIONS LTD.: $775 million equivalent senior secured notes due 2021 (expected ratings /BB-/BB-) in Rule 144A for life dollar-denominated notes and Regulation S for life euro-denominated notes; JPMorgan, Citigroup, HSBC, Discount Underwriting and Issuing Ltd. (joint books); non-callable for three years; to repay all loans it incurred to acquire its controlling interest in Bezeq; Ramat Gan, Israel-based telecommunications-oriented holding company with a controlling interest in Bezeq, Israel's largest telecommunications provider; roadshow started Jan. 30; pricing expected Feb. 10.

On The Horizon

ACTUANT ELECTRICAL: $60 million senior subordinated notes; also $150 million credit facility led by RBC Capital Markets and NXT Capital; to help fund the buyout of the company by Sentinel Capital Partners from Actuant Corp.; Actuant Electrical is a Menomonee Falls, Wis.-based provider of products for the retail do-it-yourself, marine, industrial OEM and wholesale electrical markets.

AERCAP HOLDINGS NV: Long-term bonds, approximately 40% secured and 60% unsecured; also $1 billion revolver; UBS Investment Bank, Citigroup Global Markets; to fund its purchase of International Lease Finance Corp. from American International Group Inc., expected to close during the second quarter of 2014; AerCap is a Netherlands-based aircraft leasing company. ILFC is a Los Angeles-based commercial aircraft lessor.

ALBEA: $150 million five-year senior secured PIK toggle notes (expected ratings Caa2/CCC+); JPMorgan, BofA Merrill Lynch (joint); non-callable for one year; to fund a dividend; Gennevilliers, France-based personal care products company.

BUENA VISTA GAMING AUTHORITY: $220 million eight-year senior secured notes; Credit Suisse Securities (USA) LLC, BofA Merrill Lynch (joint); Rule 144A and Regulation S for life; callable in four years at par plus 50% of the coupon; annual mandatory redemption offer of 50% of available funds starting at 103; 101% poison put; to fund construction of the Buenavue Casino; Ione, Calif.-based tribal gaming firm.

CEC ENTERTAINMENT INC.: $305 million senior notes and $875 million credit facility; Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc. and UBS Securities LLC; to help fund its purchase by Apollo Global Management LLC (go-shop period until Jan. 29); Irving, Texas-based operator of Chuck E. Cheese's family dining and entertainment stores.

DIAMOND FOODS INC.: $230 million senior notes due 2019 (Caa2/CCC+); Credit Suisse Securities (USA) LLC; Rule 144A and Regulation S; to repay bank debt and redeem its senior notes due 2020 held by Oaktree Capital Management, LP; San Francisco-based packaged food company.

ENTEGRIS INC.: $360 million of senior notes and $545 million senior secured credit facility, in a financing being led by Goldman Sachs & Co.; to help fund its acquisition of ATMI Inc., expected to close in the second quarter of 2014; Entegris is a Billerica, Mass.-based provider of products for purifying, protecting and transporting critical materials used in processing and manufacturing in semiconductor and other high-tech industries.

FRONTIER COMMUNICATIONS CORP.: $1.9 billion unsecured bridge loan expected to be taken out with debt financing in the second or third quarter of 2014; J.P. Morgan Securities LLC; to help fund its $2 billion acquisition of AT&T Inc.'s wireline business and statewide fiber network in Connecticut; Stamford, Conn.-based wireline telecommunications provider.

FTS INTERNATIONAL, INC.: $400 million secured notes to repay term loan; company is soliciting consents from holders of its 7 1/8% notes due 2018 to amendments to the indenture governing the notes; BofA Merrill Lynch and Citigroup Global Markets Inc. are the solicitation agents; provider of well completion services for the oil and gas industry with corporate offices in Fort Worth and Cisco, Texas.

GLASSTANK BV (YIOULA GLASSWORKS SA): €165 million senior secured notes due 2020; Citigroup Global Markets Ltd. (sole books); Rule 144A and Regulation S; non-callable for three years; to refinance debt and for general corporate purposes; Greece-based glass container manufacturer holding meetings with bond investors, and a deal may follow, pending management discretion and market conditions.

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.

GOOD SAM ENTERPRISES LLC: New high-yield notes; to fund the tender for the 11½% senior secured notes due 2016, via dealer manager Goldman Sachs & Co., early deadline Nov. 19; Lincolnshire, Ill.-based specialty retailer of RV-related products and a member-based direct marketing organization targeting recreational vehicle owners and outdoor enthusiasts.

IONA ENERGY CO. (UK) LTD. (IONA ENERGY INC.): $250 million to $300 million callable senior secured bonds; Pareto Securities; to refinance credit facility, of which approximately $139 million is drawn, and to partially retire its existing structured energy derivative transaction, also to fund the delivery of its Orlando and Kells projects to first oil, as well as mature and accelerate its other pipeline of development opportunities; Calgary, Alta.-based oil and gas exploration, development and production company focused on oil and gas development in the United Kingdom's North Sea.

JARDEN CORP.: $795 million bonds and bank loans, sizes to be determined; to help fund its acquisition of Yankee Candle Investments LLC from Madison Dearborn Partners LLC for $1.75 billion in cash; Jarden is a Rye, N.Y.-based provider of consumer products; Yankee Candle is a South Deerfield, Mass.-based designer, manufacturer, wholesaler and retailer of scented candles.

JONES GROUP INC.: $525 million senior bridge intended to be taken out with the issuance of senior notes via Rule 144A; Morgan Stanley & Co., Jefferies LLC, MCS Corporate Lending LLC, BofA Merrill Lynch, Wells Fargo Securities LLC also $650 million credit facility; to help fund the buyout of the company by Sycamore Partners, expected to close in the second quarter of 2014; New York-based designer, marketer and wholesaler of apparel, footwear, jeanswear, jewelry and handbags.

SILVERLEAF RESORTS, INC.: $175 million senior secured notes due 2019; Deutsche Bank Securities Inc.; non-callable for three years; to pre-fund development of vacation ownership inventory, to refinance a portion of the company's existing debt, to pay a dividend to the sponsor; Dallas-based resort operator.

U.S. XPRESS ENTERPRISES, INC.: $250 million senior secured second-lien notes due 2020 (Caa1/B-); Wells Fargo Securities LLC (left books), Morgan Stanley & Co. LLC (joint books), Regions Securities LLC (co); Rule 144A and Regulation S with registration rights; callable in three years at par plus 75% of the coupon; to repay the existing senior secured credit facility, receivable securitization facility and other debt; Chattanooga, Tenn.-based truckload carrier and a diversified provider of truckload, intermodal and logistics services; price talk 9½% to 9¾%.

VISANT CORP.: Up to $100 million senior notes and $260 million credit facility; Credit Suisse Securities (USA) LLC; to help fund its acquisition of American Achievement Group Holding Corp., expected to close no later than the second quarter of 2014; Visant is an Armonk, N.Y.-based marketing and publishing company. Jostens is a Minneapolis-based yearbook and scholastic affinity company.

WEYERHAEUSER REAL ESTATE CO. (WRECO): $800 million new senior unsecured notes; to help fund the merger with TRI Pointe Homes in a transaction valued at about $2.7 billion, anticipated to close in the second quarter of 2014 (a portion of the proceeds to be paid to Weyerhaeuser at closing); homebuilding subsidiary of Federal Way, Wash.-based Weyerhaeuser Co.

Roadshows

Started Jan. 27: NORSHORE ATLANTIC $150 million; Arctic Securities, ABG Sundal Collier.

Started Jan. 29: LANSING TRADE GROUP $175 million; Macquarie.

Started Jan. 29: SAFARI €265 million; Jefferies, Credit Suisse.

Started Jan. 30: B COMMUNICATIONS $775 million; JPMorgan, Citigroup, HSBC, Discount Underwriting and Issuing.

Started Feb. 3: BIOSCRIP $200 million; Jefferies, SunTrust, Morgan Stanley.

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