High Yield Calendar: $1.41 billion deals being marketed

JAN. 25 WEEK

CREDIT ACCEPTANCE CORP.: $225 million first-priority senior secured notes due 2017 (B1); Credit Suisse; Rule 144A with registration rights; non-callable for four years; to pay down revolver and a portion of the revolving secured warehouse facilities; Southfield, Mich.-based provider of auto loans to consumers; price talk 9½% area; books closed Friday, except for West Coast accounts; pricing Monday morning.

COLEMAN CABLE, INC.: $235 million senior notes due 2018 (expected ratings B3/B+); Bank of America Merrill Lynch, Wells Fargo Securities (joint); Rule 144A with registration rights; non-callable for four years; to fund the tender for all outstanding 9 7/8% notes due 2012; Waukegan, Ill.-based designer, developer, manufacturer and supplier of electrical wire and cable products; pricing early Jan. 27 week.

RYERSON HOLDING CORP.: $200 million (proceeds) senior discount notes due 2015 (expected ratings Caa3/CCC); Bank of America Merrill Lynch, UBS Investment Bank (joint); Rule 144A with registration rights; to fund cash distribution to shareholders; Chicago-based distributor and processor of metals, with operations in North America and China; roadshow in New York and Baltimore on Jan. 22, Boston on Jan. 25; pricing early Jan. 25 week.

FAGE USA DAIRY INDUSTRY, INC./FAGE DAIRY INDUSTRY SA: $150 million senior notes due 2020 (B-); Citigroup; to refinance €20 million of its outstanding 7½% notes due 2015, for a capital expenditure and for general corporate purposes; Athens, Greece-based dairy company; pricing early Jan. 25 week.

REGENT SEVEN SEAS CRUISES: $200 million second-lien senior secured notes due 2017; Barclays Capital Inc., HSBC Securities, Deutsche Bank Securities Inc. (joint), DnB Nor, DVB Bank, UBS Investment Bank (co's); Rule 144A/Regulation S with registration rights; non-callable for four years; to refinance debt and for general corporate purposes; Fort Lauderdale, Fla., cruise ship company; roadshow Jan. 22-28; global investor call 12:30 p.m. ET Jan. 25.

LIBBEY GLASS INC.: $400 million senior secured notes due 2015; Barclays Capital Inc., Bank of America Merrill Lynch (joint), CJS Securities (co); Rule 144A/Regulation S with registration rights; non-callable for 2.5 years; to refinance debt; Toledo, Ohio-based glassware company; roadshow during Jan. 25 week; pricing expected Jan. 29.

EXPECTED JANUARY BUSINESS

BIRCH COMMUNICATIONS, INC.: $100 million senior secured notes due 2015 (B3/CCC+); Knight Libertas Capital Group; Rule 144A/Regulation S; non-callable for four years; to repay outstanding debt, to purchase outstanding warrants for its common stock and for general corporate purposes, including future acquisitions; Atlanta-based telecommunications carrier; expected January business.

FORMATION METALS INC.: $100 million five-year senior notes and C$60 million common shares via up to 102,041 units; Jennings Capital Inc. (lead agent), Blackmont Capital Inc., Acumen Capital Finance Partners Ltd. (agents); notes to bear interest at 10% for first two years and 12% thereafter (first four interest payments to be held in escrow); to fund construction at the Idaho Cobalt Project and the Big Creek Hydrometallurgical Complex, for bonding requirements, for general corporate purposes; Vancouver, B.C.-based metals mining and refining company; offering price is 98.00; expected January business.

ON THE HORIZON

ANWORTH MORTGAGE ASSET CORP.: $600 million; Santa Monica, Calif.-based real estate investment trust focusing on mortgage-backed securities and residential mortgage loans

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.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

CEDAR FAIR LP: $1.95 billion financing commitment via JPMorgan, Bank of America, Barclays Capital, UBS and KeyBanc Capital Markets, including $700 million high-yield bonds and $1.25 billion credit facility; to help fund $2.4 billion buyout by Apollo Global Management, expected to close during the second quarter of 2010; Sandusky, Ohio-based amusement-resort operator.

CWI: $1 billion of new bonds and credit facilities; to replace existing debt facilities and meet medium-term debt maturities; deal is related to separation of CWI and Worldwide into two companies separately listed on the London Stock Exchange, targeted for completion by March 31, 2010; CWI is a London-based telecommunications business.

DOLLAR FINANCIAL CORP.: $750 million; Berwyn, Pa.-based financial services company primarily serving unbanked and under-banked consumers.

IMS HEALTH INC.: $1 billion of senior unsecured notes; Goldman Sachs & Co.; to help fund buyout by TPG Capital and the CPP Investment Board, expected to close first quarter of 2010, subject to approval of IMS shareholders, regulatory approvals and customary closing conditions; Norwalk, Conn.-based provider of market intelligence to the pharmaceutical and health care industries.

INFORMA GLOBAL MARKETS: High-yield notes (Ba2/BB), size to be determined; JPMorgan; London-based real-time capital markets information services provider; originally scheduled as early September business, pending market conditions.

NORTH AMERICAN ENERGY PARTNERS, INC: C$200 million (approximate) notes; Edmonton, Alta.-based gas and oil field services provider.

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.

TREEHOUSE FOODS INC.: $400 million high-yield bonds, plus borrowings from existing revolver, and $100 million stock offering, to help fund purchase of Sturm Foods from HM Capital Partners for $660 million, expected to close first quarter of 2010; Bank of America Merrill Lynch, financial adviser to Treehouse; Westchester, Ill.-based food manufacturer servicing primarily the retail grocery and foodservice channels.

ROADSHOWS

Pricing Jan. 18 week: FAGE USA DAIRY INDUSTRY, INC./FAGE DAIRY INDUSTRY SA $150 million; Citigroup

Jan. 18 week: CREDIT ACCEPTANCE CORP. $225 million; Credit Suisse Securities

Pricing early Jan. 25 week: COLEMAN CABLE, INC. $235 million; Bank of America Merrill Lynch, Wells Fargo Securities

Starts Jan. 22: RYERSON HOLDING CORP. $200 million; Bank of America Merrill Lynch, UBS Investment Bank

Jan. 22-28: REGENT SEVEN SEAS CRUISES $200 million; Barclays Capital Inc., HSBC, Deutsche Bank Securities Inc.

Jan. 25 week: LIBBEY GLASS INC. $400 million; Barclays Capital Inc., Bank of America Merrill Lynch

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