High Yield Calendar: No deals being marketed

EXPECTED FOURTH QUARTER BUSINESS

APRIA HEALTHCARE GROUP INC.: $1 billion senior secured notes; Banc of America Securities LLC, Wachovia Securities, Barclays Capital; 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 becomes effective Nov. 13.

BCE INC.:$11.3 billion equivalent bonds: up to $7.5 billion senior notes and $3.8 billion subordinated notes; also C$23.05 billion credit facility; Citigroup, Deutsche Bank, RBS Securities, TD Securities lead banks on financing; to fund LBO by Teachers Private Capital, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC; Montreal-based communications company; expected to close Dec. 11.

CATALINA MARKETING CORP.: $490 million notes (Caa1/B-): $330 million senior PIK toggle notes and $160 million senior subordinated notes; Rule 144A; to fund the acquisition of the company by Hellman & Friedman Capital partners VI; St. Petersburg, Fla., provider of promotional marketing services; expected closing fourth quarter of 2008.

FRESENIUS KABI: $600 million equivalent bridge to high yield (downsized from $800 million equivalent, previously downsized from $1.3 billion equivalent after having been downsized earlier from $1.65 billion original size); Deutsche Bank Securities, Credit Suisse, J.P. Morgan Securities Inc. (joint); also $2.45 billion credit facility (upsized from $2.2 billion); to help fund the acquisition of Schaumburg, Ill.-based intravenous drug manufacturer APP Pharmaceuticals, Inc.; Fresenius is a Bad Homburg, Germany-based manufacturer of intravenous drugs; possible October business.

LANDRY'S RESTAURANTS INC.: $315 million senior secured notes; Jefferies & Co.; also $300 million credit facility; to fund the buyout by Fertitta Holdings Inc., expected to close late third quarter or early fourth quarter of 2008; Landry's is a Houston-based restaurant, hospitality and entertainment company; shareholder vote Nov 3.

PRECISION DRILLING TRUST: $400 million debt securities backed by 12-month unsecured bridge loan via RBC Capital Markets and Deutsche Bank; also $1.2 billion credit facility; to help finance the acquisition of Grey Wolf Inc.; Precision is a Calgary, Alta.-based provider of energy services to the oil and gas industry; debt financing expected in 7½% to 8% range; special shareholders meeting expected before the end of 2008.

ON THE HORIZON

AGILE PROPERTY HOLDINGS LTD.: Up to $400 million senior notes (Ba3/BB) in fixed-rate and floating-rate tranches; HSBC; Rule 144A/Regulation S; to finance new and existing projects; Hong Kong-based property developer.

BIL HOLDINGS (LYONDELL-BASELL FINANCE CO. LTD.): $8 billion equivalent bridge loan: $3.5 billion 12% fixed-rate second-lien loan (increases to 12½% in case of certain ratings downgrades, $2 billion floating-rate second-lien loan, $2.5 billion floating-rate third-lien loan (amended on Oct. 17, 2008); Citigroup, Goldman Sachs, Merrill Lynch, ABN Amro, UBS Investment Bank; to finance acquisition of Houston-based Lyondell Chemical Co.; Basell is a Netherlands-based producer of polypropylene and polyethylene.

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, Morgan Stanley; 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; 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.

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.

TRIBUNE CO.: $1.6 billion senior unsecured bridge to high-yield bonds; Citigroup, J.P. Morgan Securities Inc., Banc of America Securities LLC, Merrill Lynch & Co.; to help finance public-to-private transaction; Chicago-based media company; acquisition closed in December 2007.

UNITED TEST AND ASSEMBLY CENTER LTD. (UTAC): $475 million senior notes due 2015: $275 million senior cash-pay notes and $200 million senior PIK notes; J.P. Morgan Securities Inc., Merrill Lynch, ABN Amro; non-callable for four years; to finance LBO; Singapore-based semiconductor testing and assembly 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.

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