High Yield Calendar: $3.325 billion and £200 million deals being marketed

FEBRUARY 22 WEEK

NISKA GAS STORAGE US FINANCE CORP. and NISKA GAS STORAGE CANADA FINANCE CORP.: $800 million units comprised of senior notes due 2018; par value comprised of $218.75 via U.S. entity and $781.25 via Canadian entity; Morgan Stanley, UBS Investment Bank, Goldman Sachs & Co., Credit Suisse, RBC Capital Markets (joint), Barclays Capital, Scotia Capital, Natixis Bleichroeder LLC (co's); Rule 144A/Regulation S with registration rights; non-callable for four years; to repay existing revolver and term loan and to fund a distribution to equity holders; Calgary, Alta.-based natural gas storage company; investor call 11 a.m. ET Tuesday; pricing later in Feb. 22 week.

REDDY ICE HOLDINGS, INC.: $300 million first-lien senior secured notes due 2015 (B1); J.P. Morgan Securities Inc., Broadpoint Gleacher, Wells Fargo Securities; non-callable for three years; to refinance credit facility; concurrent exchange for 10½% senior discount notes due 2012, and credit amendment (early tender date March 5, 2010); Dallas-based manufacturer and distributor of packaged ice; roadshow Feb. 22 week.

EQUINIX, INC.: $500 million senior notes due 2018 (Ba2); Citigroup Global Markets Inc., J.P. Morgan Securities Inc. (joint), Bank of America Merrill Lynch, Barclays Capital Inc., Goldman Sachs & Co., ING, RBS Securities Inc. (co's); SEC registered; make-whole call for first four years, then callable at a premium; for general corporate purposes, which may include expansion capital expenditures and debt repayment, including debt expected to be assumed in connection with the planned acquisition of Switch and Data; Foster City, Calif.-based provider of network neutral colocation, interconnection, and managed IT infrastructure services; roadshow Feb. 23-25.

OSHKOSH CORP.: $500 million senior notes due 2017, non-callable for four years, and due 2020, non-callable for five years, minimum tranche sizes of $200 million; Bank of America Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities Inc. (joint), SunTrust Robinson Humphrey Inc., Wells Fargo Securities (senior co's), ABN Amro, BNP Paribas Securities Corp., Calyon Securities, PNC, TD Securities (co's); Rule 144A/Regulation S; to repay bank debt; Oshkosh, Wis.-based special access equipment-maker; roadshow Feb. 23-26, pricing thereafter.

CENTRAL GARDEN & PET CO.: $300 million senior subordinated notes due 2018 (expected ratings B3/B-); J.P. Morgan Securities Inc., Oppenheimer (joint), SunTrust Robinson Humphrey Inc., Deutsche Bank Securities Inc. (co's); SEC registered; non-callable for four years; to fund tender for 9 1/8% senior subordinated notes due 2013; Walnut Creek, Calif.-based lawn and garden and pet supplies company; roadshow Feb. 23-25; pricing late Feb. 22 week.

LADBROKES GROUP FINANCE PLC: £200 million minimum senior unsecured fixed-rate notes due 2017 (final size dependent upon tender results); Barclays Bank plc and the Royal Bank of Scotland plc, and agent Deutsche Bank AG; Regulation S only; non-callable; to fund tender for 7 1/8% notes due 2012; Harrow, England-based gaming business; price talk 7 5/8% to 7 7/8%; books close 11 a.m. ET on Thursday; pricing Friday morning London time.

ARVINMERITOR, INC.: $250 million senior notes due 2018 (expected Caa2/confirmed CCC-); Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Citigroup Global Markets Inc., RBS Securities Inc. (joint), BNP Paribas Securities Corp., Fifth Third, PNC, Scotia Capital (co's); SEC registered; non-callable for four years; change-of-control put at 101%; proceeds, along with concurrent offering of 15 million common shares, to purchase up to $175 million 8¾% notes due 2012, to pay down revolver and U.S. accounts receivable securitization program and for general corporate purposes; Troy, Mich.-based supplier of integrated systems, modules and components to original equipment manufacturers and to the aftermarket for the commercial vehicle, transportation and industrial sectors; roadshow Feb. 23-25; stock to price Thursday afternoon, notes to price Friday morning.

MARCH 1 WEEK

EXPRESS, LLC AND EXPRESS FINANCE CORP.: $200 million senior notes due March 1, 2018; Bank of America Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. Inc. (joint); Rule 144A with registration rights; non-callable for four years; change-of-control put at 101%; proceeds, together with cash on hand, to prepay all Express Topco LLC (indirect parent) term C loans, and fund a distribution to equity holders; Columbus, Ohio-based specialty retail apparel company; roadshow Feb. 23 to March 1, pricing thereafter.

LEARNING CARE GROUP (US) NO. 2 INC.: $265 million senior secured notes due 2015 (confirmed B2/expected CCC+); Barclays Capital Inc., Wells Fargo Securities, Morgan Stanley & Co. Inc. (joint); Rule 144A for life; non-callable for 2.5 years, with make-whole provision; to refinance term loan and mezzanine loan and for general corporate purposes; Novi, Mich.-based education services company; roadshow Feb. 23-March 2; pricing middle of March 2 week.

PIONEER DRILLING CO.: $250 million senior unsecured notes due 2018 (B3//); Bank of America Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities (joint books), BNP Paribas Securities Corp.(joint lead), Comerica Investments, HSBC, Natixis Bleichroeder, Deutsche Bank Securities Inc.; Johnson Rich, Pritchard Capital, Sidoti & Co., Simmons, UBS Investment Bank (co's); Rule 144A/Regulation S; to pay down revolver; San Antonio-based provider of contract land drilling services to independent and major oil and gas operators; roadshow Feb. 24-March 3, pricing thereafter.

ON THE HORIZON

ANWORTH MORTGAGE ASSET CORP.: $600 million; Santa Monica, Calif.-based real estate investment trust focusing on mortgage-backed securities and residential mortgage loans

BIOSCRIP INC.: $225 million senior notes, via Jefferies; also $225 million credit facility (all in interest on the credit facility and the notes expected to be in the 9% area); to help fund acquisition of Critical Homecare Solutions for $343.2 million in cash and stock, expected to close March 31, 2010; BioScrip is an Elmsford, N.Y.-based specialty pharmaceutical health care organization.

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

CEDAR FAIR LP: $1.95 billion financing commitment via JPMorgan, Bank of America, Barclays Capital, UBS and KeyBanc Capital Markets, including $700 million high-yield bonds and $1.25 billion credit facility; to help fund $2.4 billion buyout by Apollo Global Management, expected to close during the second quarter of 2010; Sandusky, Ohio-based amusement-resort operator.

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.

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.

SITEL CORP.: $300 million senior unsecured notes (Caa2); to pay down bank debt; deal hinges on amendment to modify covenants of the existing credit agreement, as well as market conditions; Nashville, Tenn.-based business outsourcing services provider, previously known as ClientLogic.

SONGA OFFSHORE SE: $200 million senior notes due 2017 (Caa1/B+); Citigroup; Rule 144A/Regulation S; to refinance debt and for general corporate purposes; drilling contractor, based in Limassol, Cyprus; delayed pending fourth quarter, 2009 financial results.

ROADSHOWS

Feb. 22 week: REDDY ICE HOLDINGS, INC. $300 million; J.P. Morgan Securities Inc., Broadpoint Gleacher, Wells Fargo Securities

Feb. 23-25: EQUINIX, INC. $500 million; Citigroup Global Markets Inc., J.P. Morgan Securities Inc.

Feb. 23-25: ARVINMERITOR, INC. $250 million; Bank of America Merrill Lynch, J.P. Morgan Securities Inc., Citigroup Global Markets Inc., RBS Securities Inc.

Feb. 23-26: OSHKOSH CORP. $500 million; Bank of America Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities Inc.

Feb. 23-March 1: EXPRESS, LLC AND EXPRESS FINANCE CORP. $200 million; Bank of America Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. Inc.

Feb. 23-March 2: LEARNING CARE GROUP (US) NO. 2 INC. $265 million; Barclays Capital Inc., Wells Fargo Securities, Morgan Stanley & Co. Inc.

Feb. 24-March 3: PIONEER DRILLING CO. $250 million; Bank of America Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities

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