High Yield Calendar: $825 million, £150 million and C$75 million being marketed

June 2 week

DFC FINANCE CORP. (DFC GLOBAL): $500 million and £150 million six-year senior secured notes; Jefferies LLC, Credit Suisse Securities (USA) LLC (joint); Rule 144A and Regulation S for life; callable after three years at par plus 50% of the coupon; proceeds, along with $750 million of equity, to help fund the acquisition of DFC Global by Lone Star Funds; Berwyn, Pa.-based financial services company; launched May 28; initial guidance 10¾%; pricing after shareholder vote on June 6.

SUNSHINE OILSANDS LTD. $325 million senior secured notes due 2019; Imperial Capital (sole physical bookrunner), Morgan Stanley & Co., Scotiabank (joint bookrunners); Rule 144A and Regulation S; callable after two years at par plus 75% of the coupon; proceeds, together with concurrent $70 million equity offering, to fund expenditures necessary to complete phases one and two at the West Ells project and general corporate purposes, settle outstanding accounts payable and pre-fund 18 months of cash interest; Calgary, Alta.-based developer of oil sands leases in the Athabasca oil sands region; expected to price in the later part of the June 2 week.

NORTHERN FRONTIER CORP.: C$75 million senior secured second-lien notes due 2019 (/expected B-/); GMP Securities, BMO Capital Markets (joint); Rule 144A; non-callable for three years; to help finance acquisition of Central Water & Equipment Services Ltd., to repay bank debt, to fund capital expenditures and for general corporate purposes; Calgary, Alta.-based provider of industrial and environmental services; Toronto-based roadshow underway.

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.

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.

FRONTIER COMMUNICATIONS CORP.: $1.9 billion senior notes backed by bridge; J.P. Morgan Securities LLC; to fund the acquisition of AT&T Inc.'s wireline business and statewide fiber network in Connecticut; Stamford, Conn.-based wireline telecommunications provider; expected during the second or third quarter of 2014.

HILLMAN GROUP INC.: $270 million senior notes and $680 million credit facility; to help fund the LBO by CCMP Capital Advisors LLC from Oak Hill Capital Partners, expected to close in the second or third quarter of 2014, repay bank debt and redeem the 10 7/8% notes due 2018; Barclays is advising Hillman; Morgan Stanley is advising CCMP; Cincinnati-based distributor of fasteners, key duplication systems, engraved tags and related hardware items.

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.

MALLINCKRODT PLC: Up to $500 million new senior notes backed by a bridge loan and $1.35 billion term loan; Barclays; to help fund the acquisition of Questcor Pharmaceuticals Inc., an Anaheim Hills, Calif.-based biopharmaceutical company, expected to close in the third quarter of 2014; Mallinckrodt is a Dublin, Ireland-based pharmaceuticals company.

MEN'S WEARHOUSE: $600 million senior notes and a $1.6 billion credit facility; BofA Merrill Lynch and J.P. Morgan Securities LLC; to help fund its purchase of Jos. A. Bank Clothiers expected to close in the third quarter of 2014; Men's Wearhouse is a Houston-based specialty retailer of men's apparel. Jos. A. Bank is a Hampstead, Md.-based designer, manufacturer and retailer of men's apparel, footwear and accessories.

NINE WEST HOLDINGS INC.: $455 million senior unsecured bridge loan or senior notes; also $720 million credit facility launched Feb. 14, including a $445 million term loan and $300 million unsecured term loan led by Morgan Stanley Senior Funding Inc., Jefferies Finance LLC and MCS Capital Markets LLC and $300 million asset-based revolver led by Wells Fargo Securities LLC and Bank of America Merrill Lynch; to help fund the buyout of parent company Jones Group Inc. by Sycamore Partners; marketer and wholesaler of apparel, footwear and accessories.

POLYMER GROUP, INC.: $200 million senior notes; also $355 million term loan via Citigroup Global Markets Inc., Barclays, RBC Capital Markets and HSBC Securities (USA) Inc., launched with a May 28 lender call; to help fund the acquisition of 71.25% of the stock of Companhia Providência Indústria e Comércio; Charlotte, N.C.-based producer of engineered materials.

PROSPECTOR OFFSHORE DRILLING SA: $100 million five-year second-lien bonds via subsidiary Prospector Finance II Sarl; DNB Markets, Pareto Securities, Swedbank (joint); proceeds along with funds from $270 million loan to fully finance the delivery of Prospector 5 drilling rig, which is expected to occur in early June, to refinance existing debt secured by the Prospector 1 drilling rig and for general corporate purposes; Luxembourg-based drilling contractor.

SAFEWAY INC.: $1,625,000,000 senior secured notes and $9.45 billion credit facility; Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc., Barclays, Deutsche Bank Securities Inc., PNC Capital Markets LLC, US Bank, SunTrust Robinson Humphrey Inc.; to fund the buyout of Safeway, expected to close in the fourth quarter of 2014; Pleasanton, Calif.-based food and drug retailer.

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.

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.

ZEBRA TECHNOLOGIES CORP.: $3.25 billion bonds and bank debt; Morgan Stanley; to fund the acquisition of Motorola Solutions, Inc.'s enterprise business; Lincolnshire, Ill.-based printing technologies company.

Roadshows

Started May 22: SUNSHINE OILSANDS $325 million; Imperial, Morgan Stanley, Scotiabank.

Started May 28: DFC GLOBAL $500 million and £150 million; Jefferies, Credit Suisse.

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