High Yield Calendar: $2.135 billion deals being marketed

JULY 26 WEEK

VANTAGE DRILLING CO.: $960 million senior secured first-lien notes due 2015 (low single B ratings expected); Jefferies & Co., Deutsche Bank Securities Inc. (joint), Pareto Securities (lead manager), Johnson Rice, Arctic Capital, RS Platou Markets, Friedman Billings Ramsey (co's); Rule 144A with registration rights; non-callable for 2.5 years; to acquire the remaining interest in Mandarin Drilling Corp., to fund the remaining construction payments for the Platinum Explorer, to refinance debt and for general corporate purposes; Houston-based drilling company; roadshow July 19-26; talked at 13% area with 3½ to 4 points of OID, pricing July 26.

AIR CANADA: $900 million equivalent senior secured first-lien notes due 2015 in dollar-denominated and Canadian dollar-denominated tranches (B2/B+); JPMorgan has books for dollar-denominated tranche, TD Securities has books for Canadian dollar-denominated tranche, Morgan Stanley, Citigroup (co's); dollar-denominated notes Rule 144A for life; Canadian dollar-denominated notes to be privately distributed; non-callable for two years; to repay term loan and for general corporate purposes; Montreal-based airline; roadshow July 20-27; pricing July 27.

INVENTIV ACQUISITION, INC. (INVENTIVE HEALTH INC.): $275 million senior unsecured notes due 2018 (Caa1/B-); Bank of America Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; 101% poison put; proceeds, together with senior secured credit facilities and sponsor equity, to fund the LBO of inVentiv, by Thomas H. Lee Partners LP; inVentiv is a Somerset, N.J.-based provider of end-to-end clinical development, launch and commercialization services to the pharmaceutical and health care industries; roadshow July 21-28.

EXPECTED JULY OR EARLY AUGUST

GENTIVA HEALTH SERVICES INC.: $305 million senior unsecured notes due 2018; Barclays Capital Inc. plus others; also $925 million credit facility; to fund acquisition of Odyssey HealthCare Inc., expected to close in third quarter of 2010, and refinance existing debt; Gentiva is an Atlanta-based home health care provider; late July or early August business.

ON THE HORIZON

CABLEVISION SYSTEMS CORP.: New high-yield bonds as part of approximately $1 billion in bank and bond debt financing to fund the $1.365 billion acquisition of Bresnan Communications, expected to close late 2010 or early 2011; Bank of America Merrill Lynch and Citigroup are the lead banks on the debt; Cablevision is a Bethpage, N.Y.-based telecommunications, media and entertainment company.

ENERGYSOLUTIONS, INC.: $300 million senior notes; J.P. Morgan Securities Inc.; timing to be determined; also credit facility launched at July 15 bank meeting; to refinance bank debt; Salt Lake City-based provider of nuclear services.

GENON ENERGY: $1.4 billion senior notes and $500 million term loan; to refinance $1.2 billion of debt at Mirant Corp. and $650 million of debt at RRI Energy Inc., in connection with the merger of Mirant and RRI, expected to close by the end of 2010; GenOn will be a Houston-based power producer.

GRIFOLS SA: $1.1 billion high-yield notes; also $3.4 billion credit facility (Ba3/BB) via Deutsche Bank, Nomura, BBVA, BNP Paribas, HSBC and Morgan Stanley, expected to launch during July 2010; to help fund the company's acquisition of Talecris Biotherapeutics Holdings Corp.; Grifols is a Barcelona, Spain-based health care company and producer of plasma protein therapies. Talecris is a Research Triangle Park, N.C.-based biotherapeutics products company.

HAWKEYE GROWTH LLC (HAWKEYE RENEWABLES): Up to $150 million first-lien notes; PrinceRidge Group; proceeds, along with cash on hand, to refinance debt; Ames, Iowa-based ethanol producer.

NBTY INC.: $900 million of senior unsecured notes; Bank of America Merrill Lynch, with Barclays Capital and Credit Suisse; also new credit facility; to help fund the $3.8 billion LBO of the company by the Carlyle Group, expected to close by the end of 2010; Ronkonkoma, N.Y.-based manufacturer and marketer of nutritional supplements.

MULTIPLAN INC.: New high-yield bonds; Bank of America Merrill Lynch, Barclays Capital Inc., Credit Suisse; also new credit facility; to help fund the buyout by BC Partners and Silver Lake from the Carlyle Group and Welsh, Carson, Anderson & Stowe; New York-based provider of health care cost management solutions.

RADIO ONE, INC.: $100 million senior notes due 2017 (Caa2/CCC+); to finance the purchase of an increased stake in TV One; also new $400 million credit facility, via Deutsche Bank Securities Inc.; Lanham, Md.-based radio broadcaster targeting African American audiences in urban communities.

ROADSHOWS

July 19-26: VANTAGE DRILLING CO. $960 million; Jefferies & Co., Deutsche Bank Securities Inc.

July 20-27: AIR CANADA $900 million equivalent; JPMorgan, TD Securities.

July 21-28: INVENTIV ACQUISITION, INC. (INVENTIVE HEALTH INC.) $275 million; Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse, Deutsche Bank Securities Inc.

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