High Yield Calendar: $600 million and €650 million deals being marketed

February 27 Week

TRANSUNION LLC: $600 million PIK toggle notes due 2018 (Caa1/B-); Goldman Sachs & Co.; non-callable for 2.25 years; to help fund the buyout of the company by Advent International and GS Capital Partners VI Fund LP from Madison Dearborn Partners and the Pritzker family for about $1.685 billion; Chicago-based provider of information management and risk management services; price talk 9¾% area.

GATEGROUP FINANCE (LUXEMBOURG) SA: €350 million senior notes due March 2019 (confirmed B1/expected BB); Credit Suisse (bill and deliver, global coordinator, joint bookrunner), Citigroup, Deutsche Bank AG, Goldman Sachs International (joint books); Rule 144A and Regulation S for life; non-callable for three years; to repay debt; Zurich-based travel services company; price talk 6¾% to 7%; pricing Friday.

ECO-BAT FINANCE PLC: €300 million senior notes due 2017 (B1/B+); Citigroup (global coordinator, joint bookrunner), Credit Suisse (global coordinator, bill and deliver, joint bookrunner), Barclays, ING (joint bookrunners); Rule 144A and Regulation S for life; callable in two years at par plus ¾ coupon; to repay revolver and for general corporate purposes; Derbyshire, England-based steel producer; roadshow Thursday and Friday; pricing expected Friday.

Expected First Quarter of 2012

ACCO BRANDS CORP.: $270 million senior notes and $920 million credit facility; Barclays Capital Inc., Bank of America Merrill Lynch and BMO Capital Markets Corp.; to fund its merger with MeadWestvaco's office supplies business, to repay ACCO's 10 5/8% senior secured notes and for ongoing working capital; ACCO Brands is a Lincolnshire, Ill.-based office supply manufacturer; merger expected to close during the first half of 2012.

FIRST DATA CORP.: $1 billion maximum senior secured notes; part of a $2.5 billion minimum amend and extend transaction being led by Credit Suisse Securities (USA) LLC and KKR Capital Markets, launched on Feb. 22; Greenwood Village, Colo., provider of electronic commerce and payment services.

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., 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.

On the Horizon

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.

CREATIVE CASINOS, INC.: $355 million senior secured notes due 2019 (expected ratings Caa1/CCC+), decreased from $365 million, callable in three years at par plus ¾ coupon (call protection decreased from four years), price talk 12½% area; Jefferies & Co. Inc., Morgan Stanley & Co. LLC, Capital One Southcoast (joint) also $90 million 7.5-year senior redeemable perpetual preferred stock, non-callable for two years, decreased from $103.093 million; Jefferies, Morgan Stanley (joint); Rule 144A and Regulation S with registration rights; to fund construction of a new casino and hotel located in Lake Charles, La.; Las Vegas-based gaming, lodging and entertainment company (previous overall deal-size was $468.1 million).

DNO INTERNATIONAL ASA: $200 million to $300 million senior secured bonds due 2016; Pareto Securities AS, ABG Sundal Collier ASA and Fearnley Fonds ASA; for general corporate purposes; Oslo oil and gas exploration and production company.

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, expected to close in the first quarter of 2012; Energy Transfer is a Dallas-based oil and gas pipeline company.

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.

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.

NEWLEAD HOLDINGS LTD.: $120 million senior secured bonds due 2016; Rule 144A and Regulation S; to finance vessel purchase commitments, to refinance the debt of certain vessels and for general corporate purposes; Piraeus, Greece-based vertically integrated mixed fleet shipping company.

SPIE: Expected €300 million to €400 million notes; Morgan Stanley, HSBC, SG CIB, Credit Agricole CIB, Deutsche Bank; proceeds along with approximately €1 billion of bank debt to help fund the LBO of the company by Clayton Dubilier & Rice, Axa Private Equity and Caisse de Depot et Placement du Quebec from PAI Partners from PAI Partners; France-based mechanical engineering firm; LBO closed on Aug. 30; bridge loan funded as leads await opportunity to sell the bonds.

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.

WII COMPONENTS, INC.: New subordinated notes and new credit facility; to fund a tender offer and consent solicitation for its $105.85 million of 10% senior notes due 2012, consent deadline July 7, 2011; St. Cloud, Minn., cabinet manufacturer.

Roadshow

Pricing Feb. 27 week: TRANSUNION LLC $600 million; Goldman Sachs & Co.

March 1-2: ECO-BAT FINANCE PLC €300 million; Citigroup, Credit Suisse, Barclays, ING.

Starts March 1: GATEGROUP FINANCE (LUXEMBOURG) SA €350 million; Credit Suisse, Citigroup, Deutsche Bank AG, Goldman Sachs International.

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