High Yield Calendar: No deals being marketed

Expected January Business

ARBY'S RESTAURANT GROUP INC.: $485 million senior notes; Barclays; also $1.73 billion credit facilities; to help fund its acquisition of Buffalo Wild Wings Inc.; Arby’s is an Atlanta-based quick-service restaurant chain; Buffalo Wild Wings is a Minneapolis-based owner, operator and franchisor of Buffalo Wild Wings restaurants; expected January business.

MEREDITH CORP.: $1.2 billion senior notes; Credit Suisse Securities (USA) LLC; to help fund its purchase of Time Inc., a New York-based media company, and refinance existing debt; Meredith is a Des Moines-based media and marketing company; expected to launch during the second week of January.

On The Horizon

AKER SOLUTIONS ASA: Possible krone-denominated 4.5-year senior notes; DNB Markets, Nordea, SEB and Swedbank; for general corporate purposes; Lysaker, Norway, company is a provider of products, systems and services to the oil and gas industry; investor meetings scheduled to start Jan. 8.

CENTENE CORP.: $1.6 billion bonds; Barclays to be involved; $2.3 billion of new equity, including share consideration, to fund its planned $3.75 billion acquisition of Fidelis Care; Centene is a St. Louis-based managed care and specialty health care services provider; expected during first quarter of 2018.

MCDERMOTT INTERNATIONAL INC.: $1.5 billion senior notes backed by a bridge loan; Barclays (administrative agent on the bridge), Credit Agricole, Goldman Sachs; also $4.45 billion credit facilities; debt is coming in connection with the merger of McDermott and CB&I, expected to close in the second quarter of 2018; McDermott is a Houston-based engineering and design company, CB&I is a Netherlands-based provider of technology and infrastructure for the energy industry (combined company will be based in Houston); disclosed in 8-K document filed on Dec. 18 with the Securities and Exchange Commission.

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.

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