High Yield Calendar: $4.4 billion and €615 million being marketed

April 7 Week

BMBG BOND FINANCE SCA, a subsidiary of BRAAS MONIER BUILDING GROUP SA €415 million senior secured notes due 2020 (B1/B-) in two tranches: €200 million minimum fixed-rate notes, callable after three years at par plus 50% of the coupon, price talk 6% to 6¼%, and to-be-determined amount of floating-rate notes, callable after one year at 101;. price talk Euribor plus 500 bps area at par; Goldman Sachs (bill and deliver, joint global coordinator), Deutsche Bank (joint global coordinator), BNP Paribas, JP Morgan (joint books); Rule 144A and Regulation S; proceeds, along with new €150 term loan and €100 million revolver, to refinance debt; Oberursel, Germany-based building materials company; books close at 10 a.m. ET Wednesday, pricing thereafter.

ATRIUM WINDOWS AND DOORS, INC.: $300 million senior secured notes due 2019 (Caa1/B-); Barclays (physical bookrunner), Deutsche Bank Securities Inc. (bill and deliver, physical bookrunner); Rule 144A and Regulation S for life; callable in two years at par plus 50% of the coupon (up to 10% of the notes callable annually at 103 during the non-call period; to refinance debt; residential window and door manufacturer; roadshow started April 7; investor call April 8; pricing late in the April 7 week.

MCDERMOTT INTERNATIONAL INC.: $500 million senior secured second-lien notes due 2021 (B1/BB); Goldman Sachs & Co.; Rule 144A and Regulation S; non-callable for three years; to refinance revolver and for general corporate purposes; Houston-based engineering and construction company; whispered at high 8% to 9% area; expected to price late in the April 7 week.

CONSOL ENERGY INC.: $1.6 billion senior notes due 2022 (expected ratings B1/BB); J.P. Morgan Securities LLC (bill and deliver, joint physical books), Credit Suisse Securities (USA) LLC (joint physical books), BofA Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities LLC (joint books), Stifel Nicholas & Co. Inc., Mitsubishi UFJ Securities, PNC Capital Markets, Scotia Capital, RBS Securities Inc. (senior co's), BBVA, BB&T, Brean, Capital One South Coast, CIBC World Markets, Clarkson, Cowen & Co., Credit Agricole CIB, FBR, ING, Natixis, Nomura, Raymond James, Simmons, Sterne Agee, Tudor, U.S. Bancorp Investments Inc. (co's); Rule 144A and Regulation S with registration rights; callable after three years at par plus 75% of the coupon; to fund the tender offer for $1.5 billion 8% senior notes due 2017; Pittsburgh-based coal and natural gas producer; roadshow starts Tuesday; pricing Thursday.

QUAD/GRAPHICS INC.: $300 million senior notes due 2022 (confirmed B1/expected B); J.P. Morgan Securities LLC, BofA Merrill Lynch, U.S. Bancorp Investments Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey Inc. (joint); Rule 144A and Regulation S with registered rights; non-callable; for general corporate purposes, including debt refinancing; Maryland Heights, Mo.-based printer and media channel integrator; roadshow started April 7; pricing April 11.

FTS INTERNATIONAL, INC.: $500 million senior secured notes due 2022 (expected ratings B2/B-); Wells Fargo Securities LLC (left books), BofA Merrill Lynch, UBS Investment Bank, Barclays (joint books); Rule 144A and Regulation S with registration rights; non-callable for three years; to repay all borrowings outstanding under the term loan; Fort Worth, Texas-based services provider to the oil and gas industry; investor call Tuesday; pricing at the end of the April 7 week.

AIR CANADA: $300 million senior notes due 2021 (expected Caa2/confirmed B-); J.P. Morgan Securities LLC is the lead in a syndicate of banks that includes bookrunners Citigroup Global Markets, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. (joint); Rule 144A and Regulation S; general corporate purposes; Montreal-based air carrier; pricing late April 7 week.

EXCO RESOURCES, INC.: $400 million senior notes due 2022; J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Merrill Lynch, BMO Capital Markets (joint), Credit Suisse Securities (USA) LLC, ING, Natixis Securities, UBS Investment Bank (senior co's), Capital One Securities, CIT Capital Securities, Deutsche Bank Securities Inc., Goldman Sachs & Co. (co's); SEC registered; non-callable for three years; to repay the $297.8 million term loan and a portion of the revolver used to fund the acquisition of the Chesapeake Properties in July 2013, and for general corporate and working capital purposes; Dallas-based oil and natural gas company; pricing expected late April 7 week.

TIME INC.: $500 million senior notes due 2022; Barclays (joint bookrunner, bill and deliver), Citigroup Global Markets Inc. (joint bookrunner, roadshow coordinator), BNP Paribas Securities Corp., BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC (joint books), RBS Securities Inc. (senior co), Macquarie Capital (co); Rule 144A and Regulation S for life; non-callable for three years; to fund the purchase Time Warner's publishing operations in the United Kingdom, fund a special dividend to Time Warner and general corporate purposes; New York-based publisher; roadshow starts April 9; pricing late April 7 week or early April 14 week.

PIAGGIO & CO. SPA: €200 million seven-year notes (expected ratings Ba3/BB-); Banca Imi, BNP Paribas, BofA Merrill Lynch, Mediobanca, UniCredit, HSBC; Regulation S only; to refinance notes due 2016; Pontedera, Italy based company maker of two wheeled motor vehicles and compact commercial vehicles; roadshow through April 11.

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.

AERCAP HOLDINGS NV: Long-term bonds, approximately 40% secured and 60% unsecured; also $1 billion revolver; UBS Investment Bank, Citigroup Global Markets; to fund its purchase of International Lease Finance Corp. from American International Group Inc., expected to close during the second quarter of 2014; AerCap is a Netherlands-based aircraft leasing company. ILFC is a Los Angeles-based commercial aircraft lessor.

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.

DFC GLOBAL CORP.: $750 million senior secured notes backed by a bridge loan via Jefferies Finance LLC and Credit Suisse Securities (USA) LLC; also $125 million credit facility; to help the acquisition of DFC Global by Lone Star Funds, expected to close during the third quarter of 2014; Berwyn, Pa.-based financial services company.

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.

FTS INTERNATIONAL, INC.: $400 million secured notes to repay term loan; company is soliciting consents from holders of its 7 1/8% notes due 2018 to amendments to the indenture governing the notes; BofA Merrill Lynch and Citigroup Global Markets Inc. are the solicitation agents; provider of well completion services for the oil and gas industry with corporate offices in Fort Worth and Cisco, Texas.

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 scheduled to launch Feb. 14, including a $470 million term loan led by Morgan Stanley Senior Funding Inc., Jefferies Finance LLC and MCS Capital Markets LLC and $250 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.

ORTHO-CLINICAL DIAGNOSTICS: $1.15 billion high-yield notes backed by a bridge loan led by Goldman Sachs & Co., Barclays, Credit Suisse, UBS and Nomura; also $2.175 billion term loan B and $1.025 billion equity; to help fund the buyout of Ortho-Clinical Diagnostics by the Carlyle Group from Johnson & Johnson; Raritan, N.J.-based provider medical diagnostic testing services; expected second-quarter 2014 business.

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.

VISANT CORP.: Up to $100 million senior notes and $260 million credit facility; Credit Suisse Securities (USA) LLC; to help fund its acquisition of American Achievement Group Holding Corp., expected to close no later than the second quarter of 2014; Visant is an Armonk, N.Y.-based marketing and publishing company. Jostens is a Minneapolis-based yearbook and scholastic affinity company.

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.

Roadshows

April 4-9: BRAAS MONIER BUILDING GROUP €415 million; Goldman Sachs, Deutsche Bank, BNP, JPMorgan.

Started April 7: QUAD/GRAPHICS INC. $300 million; JPMorgan, BofA Merrill Lynch, U.S. Bancorp, PNC, SunTrust.

Started April 7: ATRIUM WINDOWS AND DOORS $300 million; Barclays, Deutsche Bank.

Through April 11: PIAGGIO €200 million; Banca Imi, BNP, BofA Merrill Lynch, Mediobanca, UniCredit, HSBC.

Starts April 8: CONSOL ENERGY $1.6 billion; JPMorgan, Credit Suisse, BofA Merrill Lynch, Goldman Sachs, Wells Fargo.

Pricing late April 7 week: AIR CANADA $300 million; JPMorgan, Citigroup, Credit Suisse, Morgan Stanley.

Pricing late April 7 week: EXCO RESOURCES $400 million; JPMorgan, Wells Fargo, BofA Merrill Lynch, BMO.

Pricing end of April 7 week: FTS INTERNATIONAL $500 million; Wells Fargo, BofA Merrill Lynch, UBS, Barclays.

Starts April 9: TIME INC. $500 million; Barclays, Citigroup, BNP, BofA Merrill Lynch, JPMorgan, Morgan Stanley, Wells Fargo.

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