High Yield Calendar: $1 billion and €300 million deals being marketed

December 11 Week

MATTEL, INC.: $1 billion senior notes due 2025 (Ba2/BB-/BB); BofA Merrill Lynch, Citigroup Global Markets Inc., Wells Fargo Securities LLC, MUFG, RBC Capital Markets LLC, Mizuho Securities, HSBC Securities (joint); Rule 144A and Regulation S; non-callable for three years; proceeds, plus cash on hand, to pay off 1.7% senior notes due 2018 upon or before maturity, commercial paper program and revolver; El Segundo, Calif.-based toy manufacturer; pricing Dec. 11 week.

INTER MEDIA AND COMMUNICATION SPA: €300 million guaranteed notes due 2022; Goldman Sachs (global coordinator, bookrunner), Ubi Banca (co); to repay debt and fund working capital; a unit of Football Club Internazionale Milano SpA; announced Dec. 11.

On The Horizon

AMERICAN MIDSTREAM PARTNERS, LP: Bonds; to refinance about $654 million of debt issued by Southcross Holdings and Southcross Energy Partners, LP in connection with its planned purchase of the company; Houston-based owner, operator, developer and acquirer of natural gas midstream energy assets.

MMI INTERNATIONAL LTD.: $300 million senior secured notes due 2021 (expected ratings B2/B+); Goldman Sachs & Co. (left books), ANZ, KKR, Standard Chartered (joint books); Rule 144A and Regulation S; pay down term loan A; Singapore-based technology company with a focus on key components for the hard disk drive industry; international roadshow ran in late October into early November; initial guidance 9% area.

SINCLAIR BROADCAST GROUP INC.: Commitment for $5.6 billion in debt financing, including a $785 million bridge loan, to help fund acquisition of Tribune Media Co.; expected 50:50 mix of fixed- and floating-rate debt; JPMorgan Chase Bank, RBC and Deutsche Bank Securities Inc. leads; Hunt Valley, Md.-based television broadcasting company.

Roadshows

Pricing Dec. 11 week: MATTEL, INC. $1 billion; BofA Merrill Lynch, Citigroup, Wells Fargo, MUFG, RBC, Mizuho, HSBC.

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