High Yield Calendar: $10.395 billion deals being marketed

WEEK OF NOV. 13

GNC CORP./GNC PARENT CORP.: $325 million floating-rate senior PIK notes due 2011 (Caa1/CCC+); JP Morgan, Goldman Sachs & Co.; Rule 144A/Regulation S; callable in one year at par, after two years at 102, after three years at 101, fourth and fifth years at par; coupon steps up 50 bps after first year, another 50 bps after second year; to fund a dividend, repay preferred shares, repay debt; Pittsburgh-based nutritional supplements retailer; price talk Libor plus 675 bps at 99.00; pricing Wednesday morning.

FIRESTONE ACQUISITION CORP. (FREESCALE SEMICONDUCTOR INC.) $5.95 billion equivalent: $4.35 billion equivalent senior notes due 2104 in dollar and euro tranches (B1/B), dollar-denominated fixed-rate notes, non-callable for four years, talked 9%-9¼%, toggle notes, non-callable for four years, talked 25-50 bps behind fixed-rate notes, floating-rate notes, non-callable for two years, talked Libor plus 400-425 bps, euro-denominated fixed-rate notes, non-callable for four years, talked 8 1/8% to 8 3/8%; also $1.6 billion of senior subordinated notes due 2016, non-callable for five years (B2/B), dollar-denominated notes talked 125 to 150 bps behind dollar-denominated senior fixed-rate notes, and euro-denominated notes talked 125 to 150 bps behind the euro senior fixed-rate notes; Credit Suisse (physical books), Citigroup, JP Morgan, UBS Investment Bank, Lehman Brothers (joint books), Bear Stearns & Co. (co); Rule 144A; to help fund LBO; Austin, Texas, semiconductor company; books close end of day Wednesday; pricing mid-day Thursday, New York time.

AMERICAST TECHNOLOGIES INC.: $100 million senior notes due 2014 (B3/B-); Jefferies (books), CIBC World Markets (co); Rule 144A/Regulation S; make-whole call for first four years, then callable at a premium; three-year 35% equity clawback; proceeds, together with an indirect equity contribution through the company's parent by affiliates of Castle Harlan Partners IV, LP, members of management and Bradken Operations Pty. Ltd., to fund the purchase of all common stock, repay existing debt, and for general corporate purposes; Atchison, Kan.-based designer and manufacturer of large steel and iron castings; price talk 11% at par; books close 4 p.m. ET Wednesday, pricing Thursday afternoon.

THE MOSAIC CO. $950 million senior notes (B1/BB-): $475 million due 2014, non-callable for four years and $475 million due 2016, non-callable for five years; JP Morgan, Merrill Lynch & Co (joint books), Credit Suisse, Scotia Capital, UBS Investment Bank, ABN Amro, Barclays Capital, Wells Fargo Securities; to refinance debt; Plymouth, Minn.-based phosphate and potash crop nutrients producer; roadshow started Nov. 8; pricing expected Nov. 16.

RENTAL SERVICES CORP.: $620 million senior notes due 2014 (Caa1/B-); Deutsche Bank Securities, Citigroup (joint books), GE Capital (co); non-callable for four years; to fund the acquisition of the company by Ripplewood Holdings and Oak Hill Capital Management; second-largest equipment rental company in North America; roadshow Nov. 8-16.

ELAN FINANCE CORP.: $500 million senior notes due 2013 (B3/B) in fixed-rate and floating-rate tranches; Goldman Sachs & Co. (books), Morgan Stanley, Davy Securities (co's) Rule 144A/Regulation S; to refinance debt; wholly owned subsidiary of Elan Corp., plc, a Dublin, Ireland, biotechnology company; roadshow starts Nov. 20; pricing late Nov. 13 week or early Nov. 20 week.

PANRICO: €225 million senior floating-rate PIK loans due May 31, 2016; Credit Suisse (books); will be distributed as loans; non-callable for one year; to repay mezzanine debt and fund a dividend; Spanish and Portuguese bakery company, based in Barcelona, Spain; price talk three-month Euribor plus 775 to 800 bps at par; books close 10 a.m. GMT on Wednesday, pricing shortly thereafter.

WEEK OF NOV. 27

MOMENTIVE PERFORMANCE MANAGEMENT (General Electric's silicone products business, name changed from Nautilus Acquisition) $1.95 billion: $1.355 billion eight-year senior notes and toggle notes, non-callable for four years, in dollar and euro tranches, and $595 million 10-year senior subordinated notes, non-callable for five years, in dollar and euro tranches; JP Morgan, GE Capital, UBS Investment Bank (joint books); to fund the acquisition of the company by Apollo Management LP; roadshow starts Nov. 15 in Europe and United States.

ON THE HORIZON

ARAMARK CORP.: $2.470 billion bonds including $770 million senior subordinated notes and $1.7 billion senior cash pay and/or senior PIK notes, with 50% of the principal having to come in the form of PIK notes, also $4.605 billion credit facilities led by JP Morgan and Goldman Sachs; to fund the approximately $8.3 billion LBO of the company by chairman and chief executive officer Joseph Neubauer together with funds managed by sponsors by Thomas H. Lee Partners LP, Warburg Pincus LLC, JPMorgan Partners, GS Capital Partners and CCMP Capital Advisors, expected to close late 2006 or early 2007; Philadelphia-based professional food, hospitality and facility management services company.

ARMOR HOLDINGS INC.: $400 million senior subordinated notes (B1/B+); company disclosed in a 10-Q form filed Oct. 31 with the SEC that it is monitoring the interest rate environment seeking an opportunity to return with the transaction it withdrew on June 27, 2006, due to market conditions; Jacksonville, Fla., maker of security products.

CABLEVISION SYSTEMS CORP. $2.81 billion high-yield bonds: SUPER HOLDCO $1.13 billion unsecured senior fixed-rate and floating-rate notes with 10-year minimum maturities; INTERMEDIATE HOLDCO $900 million unsecured senior fixed-rate and floating-rate notes with eight-year minimum maturities; RAINBOW PROGRAMMING HOLDINGS LLC $780 million unsecured senior fixed-rate and floating-rate notes with eight-year minimum maturities; also $9.55 billion in new credit facilities via Merrill Lynch and Bear Stearns; to help fund the buyout of Cablevision by the Dolan Family Group; Cablevision is a Bethpage, N.Y., media, entertainment and telecommunications company.

CONSUMER SOURCE INC.: $150 million second-lien loan and/or notes; to fund dividend go Primedia Inc., which Primedia will use to extinguish all existing bank debt; Consumer Source is a New York-based publisher and distributor of free real estate and automobile guides.

HANESBRANDS INC.: $500 million of senior notes; Morgan Stanley, Merrill Lynch & Co.; also $2.6 billion senior secured credit facility; substantial portion of the proceeds from the term loan and the bond offering to pay a dividend to Sara Lee prior to the spinoff; following the spinoff, Winston-Salem, N.C.-based Hanesbrands will operate as a publicly traded apparel company; expected third-quarter business.

INFOR GLOBAL SOLUTIONS: High-yield notes (Caa2) to refinance a $1.425 billion senior subordinated bridge facility; also $2.4 billion credit facility via JP Morgan, Credit Suisse and Merrill Lynch & Co. joint bookrunners; part of financing to help fund the acquisitions of Systems Union Group and SSA Global, finance the combination of Infor and Extensity - both currently Golden Gate Capital portfolio companies - and to refinance debt at all four companies; Infor is an Alpharetta, Ga.-based software provider.

KINDER MORGAN INC.: $14.5 billion of funded debt including senior and/or subordinated notes; to help fund proposed $22 billion buyout of the company by management and equity investors led by Goldman Sachs, Citigroup, Deutsche Bank, Wachovia, Merrill Lynch, expected to be completed by early 2007; Houston-based energy infrastructure provider.

PAPELES INDUSTRIALES DE MICHOACAN SA DE CV: $320 million senior guaranteed notes due 2016 (Ba3/BB-/BB-); Citigroup; Rule 144A/Regulation S (no registration rights); non-callable for five years, three-year equity clawback; for acquisition finance; issuer formed when Kimberly-Clark de Mexico SA de CV spun off paper and notebooks division.

PT POLYFIN CANGGIH: $75 million senior secured notes due 2011 and 250 warrants to purchase shares; Jefferies & Co.; private placement and Regulation S; non-callable for two years; two-year 35% equity clawback; to repay existing debt, for working capital and general corporate purposes; producer of polyester chips and synthetic yarn in Indonesia, to be incorporated in The Netherlands (guarantors are incorporated in Indonesia, Singapore and the British Virgin Islands; the company's registered office is in Bandung, Indonesia); September business.

REXNORD CORP.: $460 million (expected size) high-yield bonds; to be issued under the indenture of the existing 9½% senior notes due Aug. 1, 2014 or 11¾% senior subordinated notes due Aug. 1, 2016; proceeds for Zurn purchase of Jacuzzi Brands, Inc.'s plumbing products business for about $950 million, expected to close 2007 first quarter; Milwaukee-based power train manufacturer.

RITE AID CORP: $875 million six-year notes (could be increased by $850 million if Jean Coutu 8½% senior subordinated notes are not assumed); Citigroup; also $1.105 billion senior secured term loan; to fund the acquisition of Jean Coutu Group USA Inc., transaction expected to close late 2006 or early 2007; Rite Aid is a Camp Hill, Pa., national drugstore chain.

SUN HEALTHCARE GROUP INC.: $250 million senior subordinated notes; also $505 million senior secured credit facility via Credit Suisse and CIBC; to fund its acquisition of Harborside Healthcare Corp., expected to close in first half of 2007; Sun is an Irvine, Calif., operator of long-term and postacute care facilities, and a provider of therapy, medical staffing, home care and hospice services.

TNT LOGISTICS €730 million bonds: €430 million in senior notes, €300 million in senior subordinated notes; Credit Suisse, Bear Stearns, Goldman Sachs & Co., ABN Amro; also €805 million credit facility; to back Apollo Management, LP's already completed buyout of TNT NV's logistics division for €1.48 billion; Amsterdam-based logistics company; expected in market before Thanksgiving.

TROPICANA ENTERTAINMENT: $975 million in high-yield bonds; also $2.175 billion in credit facilities; Credit Suisse is the lead bank on the debt transactions; in connection with acquisition of Aztar Corp.; a newly formed subsidiary of Columbia Entertainment, a Fort Mitchell, Ky., owner, developer and operator of hotel properties and casinos; expected to close by the end of 2006.

UNIVISION COMMUNICATIONS INC.: $2 billion high-yield bonds via Credit Suisse (Deutsche Bank, Bank of America Securities and Wachovia expected to be involved), also new $8.25 billion credit facility; to help back leveraged buyout by Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group; expected to close in spring 2007; Los Angeles-based Spanish-language media company.

ROADSHOWS

Started Nov. 6: FIRESTONE ACQUISITION CORP. (FREESCALE SEMICONDUCTOR INC.) $5.95 billion equivalent; Credit Suisse, Citigroup, JP Morgan, UBS Investment Bank, Lehman Brothers

Nov. 8-16: RENTAL SERVICES CORP. $620 million; Deutsche Bank Securities, Citigroup

Started Nov. 8: THE MOSAIC CO. $950 million; JP Morgan, Merrill Lynch & Co.

Nov. 8-17: AMERICAST TECHNOLOGIES INC. $100 million; Jefferies

Started Nov. 10: PANRICO €225 million; Credit Suisse

Started Nov. 13: ELAN FINANCE CORP. $500 million; Goldman Sachs & Co.

Starts Nov. 15: MOMENTIVE PERFORMANCE MANAGEMENT $1.95 billion; JP Morgan, GE Capital, UBS Investment Bank

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