High Yield Calendar: $2.425 billion deals being marketed

NOVEMBER 30 WEEK

FIRST SHIP LEASE TRUST: $200 million senior notes due 2016 (/B+/BB-); JPMorgan, Jefferies & Co. (joint), Dahlman Rose & Co., Daiwa Capital Markets, DnB Nor Markets, OCBC Bank, UniCredit Capital Markets; Rule 144A for life; non-callable for four years; to repay bank debt and fund vessel acquisitions; Singapore-based shipping trust that provides alternative capital financing solutions to the maritime industry; roadshow including Singapore, Hong Kong, London and United States started Nov. 25; pricing Nov. 30 week.

NORCRAFT COS., LP and NORCRAFT FINANCE CORP.: $150 million six-year senior secured notes; UBS Investment Bank (left), Jefferies & Co. (joint); Rule 144A/Regulation S with registration rights; non-callable for three years; to redeem 9% senior subordinated notes due 2011 and to repurchase a portion of the 9¾% senior discount notes due 2012; Eagan, Minn., cabinet manufacturer; roadshow Nov. 30-Dec. 3.

ESSAR STEEL ALGOMA, INC.: $325 million five-year first-lien senior secured notes; UBS Investment Bank; Rule 144A/Regulation S; non-callable for three years; to repay bank debt; Sault Ste. Marie, Ont., steel producer; roadshow starts Dec. 1.

HANESBRANDS INC.: $500 million seven-year senior unsecured notes (expected B2/B); J.P. Morgan Securities Inc., Bank of America Merrill Lynch, HSBC Securities, Goldman Sachs & Co.; SEC registered; non-callable for four years; to refinance bank debt; Winston Salem, N.C., marketer of everyday apparel essentials; investor conference calls Dec. 1 and Dec. 2; pricing Nov. 30 week.

DECEMBER 7 WEEK

QUINTILES TRANSNATIONAL HOLDINGS INC.: $400 million conditional cash-pay senior notes due 2014; Morgan Stanley & Co., Citigroup Global Markets Inc. (joint); Rule 144A/Regulation S for life; callable immediately at 102.5, premium decreases to 102 in 2011, 101 in 2012, par in 2013; to fund a $275 million dividend, as well as related payments to certain option holders of $8 million, also to provide $97 million of cash to support PharmaBio's future operations and cash out its fractional shareholders, and general and administrative expenses; Research Triangle Park, N.C.-based pharmaceutical services company; investor call 10:30 a.m. ET on Dec. 2; pricing early Dec. 7 week.

JDA SOFTWARE GROUP, INC.: $275 million senior unsecured notes due December 2014 (expected ratings B1/BB-); Goldman Sachs & Co. (left), Wells Fargo Securities (joint), J.P. Morgan Securities Inc. (co); Rule 144A with registration rights; non-callable for three years; proceeds, along with cash on hand, to fund the cash portion of the acquisition of i2 Technologies, Inc.; JDA is a Scottsdale, Ariz.-based supply chain services provider; roadshow Dec. 1-8, pricing thereafter.

BIRCH COMMUNICATIONS, INC.: $100 million senior secured notes due 2015 (B3/CCC+); Knight Libertas Capital Group; Rule 144A/Regulation S; non-callable for four years; to repay outstanding debt, to purchase outstanding warrants for its common stock and for general corporate purposes, including future acquisitions; Atlanta-based telecommunications carrier; expected to price middle of Dec. 7 week.

NATIONAL MONEY MART CO. (DOLLAR FINANCIAL CORP.): $350 million senior notes due December 2016 (maturity will be shortened to Nov. 30, 2012 if greater than $50 million of existing convertible notes remain outstanding on Oct. 30, 2012); Credit Suisse, Wells Fargo Securities; Rule 144A/Regulation S with registration rights; non-callable for four years; to fund acquisition of Military Financial Services, LLC, to prepay $100 million of term loan debt and for general expenses, possibly including a portion of the convertible notes; Berwyn, Pa.-based financial services company primarily serving unbanked and under-banked consumers; pricing mid-to-late Dec. 7 week.

PRIMUS TELECOMMUNICATIONS HOLDING, INC.: $130 million senior secured notes due 2016, to come as 130,000 units, each one comprised of $653.85 of Primus Telecommunications Holding, Inc. notes (expected ratings Caa1/B) and $346.15 Primus Telecommunications Canada, Inc. notes (expected ratings B3/B); Jefferies & Co., UBS Investment Bank (joint); Rule 144A/Regulation S for life; non-callable for four years; to repay U.S. and Canadian term loans; integrated facilities-based communications service provider, based in Washington, D.C.; pricing late Dec. 7 week.

EXPECTED DECEMBER BUSINESS

MOMENTIVE PERFORMANCE MATERIALS INC.: $500 million first-lien senior secured notes due 2017; J.P. Morgan Securities Inc.; Rule 144A; to pay down bank debt and for general corporate purposes; silicone producer headquartered in Albany, N.Y.; expected to kick off during Nov. 30 week.

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 separation of 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.

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.

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

PINNACLE FOODS GROUP LLC: $275 million senior unsecured notes; backed by bridge loan from Credit Suisse, Bank of America, Barclays, HSBC and Macquarie Capital are the joint bookrunners on the bridge loan, with Credit Suisse the left lead also $895 million bank debt (bond size may be increased if unable to secure total amount of bank financing; to help finance the $1.3 billion acquisition of Birds Eye Foods Inc., expected to close no later than the first quarter of 2010;

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

Started Nov. 25: FIRST SHIP LEASE TRUST $200 million; JPMorgan, Jefferies & Co.

Nov. 30-Dec. 3: NORCRAFT COS., LP and NORCRAFT FINANCE CORP. $150 million; UBS Investment Bank

Pricing Nov. 30 week: HANESBRANDS INC. $500 million; J.P. Morgan Securities Inc., Bank of America Merrill Lynch, HSBC Securities, Goldman Sachs & Co.

Starts Dec. 1: ESSAR STEEL ALGOMA, INC. $325 million; UBS Investment Bank

Pricing early Dec. 7 week: QUINTILES TRANSNATIONAL HOLDINGS INC. $400 million; Morgan Stanley & Co., Citigroup Global Markets Inc.

Dec. 1-8: JDA SOFTWARE GROUP, INC. $275 million; Goldman Sachs & Co.

Pricing mid-Dec. 7 week: BIRCH COMMUNICATIONS, INC. $100 million; Knight Libertas Capital Group

Pricing mid-to-late Dec. 7 week: NATIONAL MONEY MART CO. (DOLLAR FINANCIAL CORP.) $350 million; Credit Suisse, Wells Fargo Securities

Pricing late Dec. 7 week: PRIMUS TELECOMMUNICATIONS HOLDING, INC. $130 million; Jefferies & Co., UBS Investment Bank

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