High Yield Calendar: $270 million deals being marketed

WEEK OF FEBRUARY 2

LANDRY'S RESTAURANTS, INC.: $270 million senior secured notes due 2011 (B3); Jefferies & Co.; Rule 144A/Regulation S; callable at par plus accrued interest; proceeds along with amended and restated credit facility to refinance debt and for general corporate purposes; Houston-based diversified restaurant, hospitality and entertainment company; price talk 14% coupon at 88.00 to 89.00 to yield 20% plus or minus 0.25%; pricing late Wednesday or Thursday.

ON THE HORIZON

APRIA HEALTHCARE GROUP INC.: $1 billion senior secured notes; Banc of America Securities LLC, Wachovia Securities, Barclays Capital Inc.; to fund LBO by the Blackstone Group, bridge loan backing notes funded on Oct. 28; Lake Forest, Calif., home health care services company.

ASHLAND INC.: $750 million senior unsecured notes (Ba3/BB-); also $1.95 billion credit facility via Bank of America, Scotia Capital; to help fund the acquisition of Hercules Inc.; Ashland is a Covington, Ky.-based chemical company; acquisition closed Nov. 13, and bridge was funded.

CDW CORP.: $1.94 billion notes: $890 million senior unsecured cash-pay notes due 2015 (Caa1/CCC+), $300 million senior unsecured PIK toggle notes due 2015 (Caa1/CCC+) and $750 million senior subordinated notes due 2017 (Caa2/CCC+); J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

GENERAL MOLY: $540 million to $700 million debt financing including high-yield bonds, leveraged loans and possibly convertibles; underwriter to be determined; to fund the Mt. Hope molybdenum project, located in central Nevada; also $240 million to $400 million of equity; formerly Idaho General Mines, General Moly is a Lakewood, Colo.-based molybdenum mineral development, exploration and mining company; possible late 2008-early 2009 business.

NORTH AMERICAN ENERGY ALLIANCE: $325 million senior unsecured notes; Barclays Capital Inc.; also $545 million credit facility (BB+); to help back the roughly $1.477 billion acquisition of 1,706 megawatts of generation projects by Industry Funds Management from Consolidated Edison Inc.

PRECISION DRILLING TRUST: $400 million debt securities backed by 12-month unsecured bridge loan via RBC Capital Markets and Deutsche Bank Securities Inc.; also $1.2 billion credit facility; to help finance the acquisition of Grey Wolf Inc., which closed on Dec. 23; Precision is a Calgary, Alta.-based provider of energy services to the oil and gas industry.

RIVERDEEP INTERACTIVE LEARNING USA: $820 million senior subordinated notes; Credit Suisse, Citigroup (joint); proceeds along with $1.87 billion senior bank debt, $750 million mezzanine debt and $1.5 billion equity to fund the acquisition of Houghton Mifflin by Riverdeep from Thomas H. Lee Partners, Bain Capital Partners, LLC and Blackstone Group for $3.4 billion; Riverdeep, based in Dublin, Ireland, is a publisher of interactive products for the consumer and school markets.

TRIDENT RESOURCES: New senior unsecured notes and new revolver in conjunction with IPO led by Deutsche Bank Securities Inc. and Jefferies & Co.; to recapitalize the company and repay debt; Calgary, Alta.-based natural gas production company.

VANTAGE DRILLING CO.: $135 million senior secured callable bonds due 2011; Rule 144A/Regulation S; to pay the first installment of the purchase of the drillship Platinum Explorer under the agreement with Mandarin Drilling Co.; Vantage is based in Houston.

ROADSHOWS

Jan. 20 until Feb. 2 week: LANDRY'S RESTAURANTS, INC. $270 million; Jefferies & Co.

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