High Yield Calendar: $800 million and €580 million deals being marketed

NOVEMBER 23 WEEK

SALEM COMMUNICATIONS CORP.: $300 million senior secured second-lien notes due 2016 (B2/B); Bank of America Merrill Lynch, Barclays Capital Inc. (joint), ING, Houlihan Lokey (co's); Rule 144A with registration rights/Regulation S; non-callable for four years; proceeds, together with new $30 million senior secured credit facility and up to approximately $27 million of cash on hand, to repay existing credit facilities and 7¾% senior subordinated notes due 2010; Camarillo, Calif.-based radio broadcaster of Christian and family content; price talk 9¾% area; book close noon ET on Monday, pricing Monday afternoon.

ADVANCED MICRO DEVICES, INC.: $500 million senior notes due 2017 (expected ratings B2/B-); J.P. Morgan Securities Inc., Citadel Capital; Rule 144A/Regulation S; non-callable for four years; proceeds, along with existing cash, to fund tender for 5¾% convertible senior notes due 2012, and remainder, if any, for general corporate purposes; Sunnyvale, Calif.-based computer technology company; roadshow Nov. 18-23; pricing Nov. 23 or 24.

CENTRAL EUROPEAN DISTRIBUTION CORP. (CEDC): €580 million equivalent in dollar- and euro-denominated senior secured notes due 2016 (B+); Goldman Sachs & Co. (left books), Citigroup, Deutsche Bank (joint) UBS Investment Bank (co); non-callable for four years; also concurrent offering of 9.5 million common shares; to purchase Lion Capital's remaining stake in Russian Alcohol Group and to repay debt including CEDC's outstanding secured notes due 2012; Warsaw, Poland-based beverage producer and distributor.

EXPECTED DECEMBER BUSINESS

NATIONAL MONEY MART CO. (DOLLAR FINANCIAL CORP.): $250 million senior unsecured notes; Credit Suisse; Rule 144A/Regulation S; to finance the acquisition of Military Financial Services, LLC; Dollar Financial is a Berwyn, Pa.-based financial services company; expected December business.

JDA SOFTWARE GROUP, INC.: $275 million senior secured notes with five-year to seven-year maturity, in best efforts deal; proceeds to help finance acquisition of i2 Technologies, Inc.; Goldman Sachs financial adviser to JDA, a Scottsdale, Ariz.-based supply chain services provider; expected to yield 8½% to 8¾%; expected December business.

ON THE HORIZON

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

CWI: $1 billion of new bonds and credit facilities; to replace existing debt facilities and meet medium-term debt maturities (deal is related to decision to separate 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.

HANESBRANDS INC.:$500 million bonds; also $1.15 billion senior secured credit facility via JPMorgan, Bank of America, HSBC and Barclays (bank deal in market Nov. 16 week); to refinance existing debt; Winston Salem, N.C., marketer of everyday apparel essentials.

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.

NORCRAFT HOLDINGS, LP: Senior secured notes; UBS Investment Bank; part of proceeds to fund tender for up to $35 million principal amount of its and Norcraft Capital Corp.'s 9¾% senior discount notes due 2012, early tender period expires Dec. 1; Eagan, Minn.-based cabinetry company.

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

PINNACLE FOODS GROUP LLC: New senior secured bonds and new credit facility to help finance the $1.3 billion acquisition of Birds Eye Foods Inc., expected to close no later than the first quarter of 2010; debt financing to be led by Barclays Capital, Credit Suisse, Bank of America, HSBC and Macquarie Capital; Pinnacle Foods is a Cherry Hill, N.J.-based manufacturer and distributor of branded packaged foods.

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.

ROADSHOWS

Starts Nov. 17: SALEM COMMUNICATIONS CORP. $300 million; Bank of America Merrill Lynch, Barclays Capital Inc.

Nov. 18-23: ADVANCED MICRO DEVICES, INC. $500 million; J.P. Morgan Securities Inc., Citadel Capital

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