E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/20/2010 in the Prospect News High Yield Daily.

High Yield Calendar: No deals being marketed

EXPECTED SEPTEMBER BUSINESS

RAAM GLOBAL ENERGY CO.: $200 million senior secured second-lien notes due 2015; Global Hunter Securities, Knight Libertas (joint); Rule 144A; non-callable for three years; to repay bank debt and for general corporate purposes; Lexington, Ky.-based oil and gas company; price talk 12½%; pricing middle of Aug. 16 week.

NBTY INC.: $900 million of senior unsecured notes; Bank of America Merrill Lynch, with Barclays Capital Inc. 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.

DURR AG: €100 million notes due 2015; Deutsche Bank expected to be involved; to redeem the 9¾% notes due July 15, 2011 at par, in November; Bietigheim-Bissingen, Germany-based holding company providing, through its subsidiaries, equipment, systems and services mainly for automobile and aircraft industries; expected September 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.

EVERTEC: $225 million notes; Bank of America Merrill Lynch, Morgan Stanley; also $400 million credit facility which launches at a Aug. 5 bank meeting; to help fund Apollo Management LP's acquisition of 51% of Evertec from Popular Inc., expected to close third quarter of 2010; San Juan, Puerto Rico-based transaction processing company, serving the Caribbean and Latin America.

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.

GRAHAM PACKAGING CO. INC.: $300 million senior subordinated notes; Citigroup Global Markets Inc., Deutsche Bank Securities Inc.; also $300 million new bank debt under accordion feature of existing credit facility; to fund $568 million acquisition of Liquid Container LP, expected to close before the end of 2010; York, Pa.-based packaging company.

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.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.