High Yield Calendar: $6.405 billion deals being marketed

SEPTEMBER 20 WEEK

TOMKINS PLC via PINAFORE, LLC and PINAFORE, INC.: $1.15 billion senior secured second-lien notes due 2018 (B1/B+); Bank of America Merrill Lynch, Citigroup, Barclays Capital, RBC Capital Markets, UBS Investment Bank; Rule 144A with registration rights; non-callable for four years (special call: 10% of issue callable at 103 during first three years); change-of-control put at 101; to help finance LBO of the company by the Canada Pension Plan Investment Board and Onex Corp.; London-based manufacturer of automotive, building and industrial products; price talk 9% to 9¼%; upsized from $1 billion, concurrent with a decrease in the equity portion of the financing (contemplated $600 million first-lien tranche previously shifted to term loan); pricing Tuesday morning.

SINCLAIR TELEVISION GROUP, INC.: $250 million senior notes due 2018; JP Morgan, Wells Fargo Securities, Citadel Capital (joint); Rule 144A; proceeds, together with cash on hand and/or revolving debt, to repurchase all or part of Sinclair Television Group's 8% senior subordinated notes due 2012 and Sinclair Broadcast Group's 6% convertible subordinated debentures due 2012, with any remaining proceeds for general corporate purposes; Baltimore-based television broadcasting company; pricing expected on Tuesday.

WHITING PETROLEUM CORP.: $350 million senior subordinated notes due 2018 (expected ratings B1/BB); Bank of America Merrill Lynch, JP Morgan, Wells Fargo Securities (joint), Raymond James, BBVA, Credit Agricole CIB, Barclays Capital, KeyBanc Capital Markets, Mitsubishi UFJ, US Bancorp, Scotia Capital, SunTrust Robinson Humphrey, Morgan Stanley, RBC Capital Markets, Comerica Investments, BNP Paribas, Bank One South Coast, Lloyds; off shelf; non-callable for four years; to repay a portion of the debt outstanding under Whiting Oil and Gas Corp.'s credit agreement; Denver-based oil and gas company engaged in exploration and production of mostly oil reserves in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States; pricing Tuesday afternoon.

VALEANT PHARMACEUTICALS INTERNATIONAL INC.: $1 billion senior notes (B1/B+) due 2017, non-callable for four years, price talk 7%, and due 2020, non-callable for five years, price talk 7¼%, tranche sizes to be determined; Goldman Sachs & Co., Morgan Stanley & Co. Inc., Jefferies & Co.; Rule 144A/Regulation S; to help fund merger with Biovail Corp.; also $1.875 billion credit facility; Mississauga, Ont., specialty pharmaceutical company.

ALPHABET MERGER SUB to be merged with and into NBTY INC.: $650 million senior notes due 2018 (/B/); Bank of America Merrill Lynch, Barclays Capital Inc., Credit Suisse (joint), Mizuho, Rabo Securities, SunTrust Robinson Humphrey Inc. (co's); Rule 144A with registration rights; non-callable for four years; poison put at 101; proceeds, together with new bank debt and equity contributions from Carlyle Group, to help fund the $3.8 billion LBO of the company by Carlyle, and repay existing debt; Ronkonkoma, N.Y.-based manufacturer and marketer of nutritional supplements; price talk 9% to 9¼%; books close 5 p.m. ET Tuesday, pricing Wednesday.

CHC HELICOPTER SA: $1.1 billion first-lien senior secured notes due 2020 (B1); Morgan Stanley, HSBC, RBC Capital Markets, UBS Investment Bank; non-callable for five years; to repay all of the outstanding debt under company's existing senior credit facilities and pay breakage fees on interest rate swaps; commercial helicopter operator based in St. John's, Newfoundland; investor call 11 a.m. ET Sept. 16; pricing Sept. 20 week.

LIBERTY TIRE RECYCLING: $200 million senior notes due 2016 (low single B ratings expected); Bank of America Merrill Lynch (sole); Rule 144A for life; non-callable for three years; to repay U.S. and Canadian credit facilities, repay second-lien agreement and for general corporate purposes; Pittsburgh-based scrap tire collector and recycler; roadshow started Sept. 15; pricing Sept. 20 week.

EVERTEC, INC.: $220 million senior notes due 2017 (Caa1/expected B-); Bank of America Merrill Lynch, Morgan Stanley (joint); Rule 144A with registration rights; non-callable for three years; 101% poison put; to fund acquisition of 51% of Evertec by Apollo; San Juan, Puerto Rico-based provider of transaction processing, payment processing, merchant acquiring and other related services in Puerto Rico and certain countries within the Caribbean and Central and Latin America; roadshow starts Sept. 16; pricing Sept. 20 week.

LODGENET INTERACTIVE CORP.: $435 million senior secured second-lien notes due 2016 (expected single B ratings); Bank of America Merrill Lynch, JP Morgan (joint), US Bancorp., Piper Jaffray (co's); Rule 144A with registration rights; non-callable for three years; 101% poison put; to repay and terminate credit facility, terminate related interest rate swaps and for general corporate purposes; Sioux Falls, S.D.-based provider of interactive media and connectivity solutions to the hospitality industry, and interactive patient education, information and entertainment systems to healthcare facilities; roadshow Sept. 20 week.

STONERIDGE, INC.: $175 million senior secured notes due 2017; JP Morgan, Deutsche Bank Securities (joint); Rule 144A/Regulation S; to fund tender for 11½% senior notes due 2012, and redeem notes which are not tendered; Warren, Ohio.-based designer and manufacturer of highly engineered electronics for the truck, automotive, agricultural and off-highway vehicle markets; roadshow Sept. 20 - 24; pricing Sept. 24.

SHIP FINANCE INTERNATIONAL LTD.: $50 million equivalent bond loan due April 2014 in Norwegian market; Pareto Securities AS; Rule 144A/Regulation S; general corporate purposes; Hamilton, Bermuda-based provider of specialized ocean going vessels servicing the energy industry.

SEPTEMBER 27 WEEK

HARVEST OPERATIONS CORP.: $500 million senior notes due 2017 (expected ratings Ba1/BB-); Bank of America Merrill Lynch, HSBC (joint), CIBC Capital Markets, Mitsubishi UFJ Securities, National Bank of Canada, Scotia Capital, TD Securities (co's); Rule 144A with registration rights; make-whole call at Treasuries plus 50 bps; poison put a 101; to repurchase existing 7 7/8% senior notes, to repay revolver and for general corporate purposes; Calgary, Alta.-based oil and gas producer is a wholly owned subsidiary of state-owned Korea National Oil Co.; roadshow Sept. 20-24; pricing Sept. 27.

VERTELLUS SPECIALTIES INC.: $325 million senior secured notes due 2015; Credit Suisse, Jefferies & Co.; Rule 144A for life; non-callable for 2.5 years; three year 35% equity clawback; to refinance first-lien and second-lien term loans; Indianapolis-based manufacturer of chemicals for the agricultural, nutritional, pharmaceutical, personal care, and performance material markets; roadshow started Sept. 20; pricing early Sept. 27 week.

EXPECTED SEPTEMBER BUSINESS

BURGER KING HOLDINGS INC.: Expected $900 million bonds to help fund LBO by 3G Capital, expected to close during fourth quarter of 2010; J.P. Morgan Securities Inc., Barclays Capital Inc.; also $1.9 billion credit facility to launch at Sept. 14 bank meeting; Miami-based fast food hamburger chain.

WEST CORP.: $500 million senior notes (B3/B); to repay bank debt; concurrently in the market with an amend-to-extend proposal being led by Wells Fargo Securities and Deutsche Bank, launched on Sept. 14; Omaha, Neb.-based provider of call-center services, conferencing services and accounts receivable management.

ON THE HORIZON

AIR MEDICAL GROUP HOLDINGS: New notes and ABL revolver; Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc.; to fund proposed recapitalization, expected to close during the third or fourth quarter of 2010; Boca Raton, Fla.-based provider of air medical services.

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.

CLEARWATER PAPER CORP.: $350 million senior notes; Bank of America Merrill Lynch; to help fund its acquisition of Cellu Tissue Holdings Inc., expected in the fourth quarter of 2010; Clearwater is a Spokane, Wash.-based manufacturer of consumer tissue, bleached paperboard and wood products.

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.

MEDASSETS INC.: $360 million notes; J.P. Morgan Securities Inc., Barclays Capital Inc., also $750 million facility; to fund acquisition of Broadlane Group and refinance existing bank debt, transaction expected to close before end of 2010; MedAssets is an Alpharetta, Ga.-based provider of technology enabled products and services for hospitals, health systems and ancillary health care providers.

PAETEC HOLDING CORP.: $420 million senior secured notes; Deutsche Bank, Bank of America Merrill Lynch; to help fund the acquisition of Cavalier Telephone Corp. from M/C Venture Partners, expected to close in late 2010 or early 2011; Paetec is a Fairport, N.Y.-based provider of business communications.

PRESTIGE BRANDS HOLDINGS PLC: bank and/or bond financing to help fund the $190 million acquisition of Blacksmith Brands Holdings Inc., expected to close in the fourth quarter of 2010; Prestige Brands is an Irvington, N.Y.-based marketer of branded over-the-counter healthcare products, household cleaning products and personal care products.

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.

REYNOLDS GROUP HOLDINGS LTD.: $3.5 billion: $2 billion senior secured notes and $1.5 billion senior notes; Credit Suisse, HSBC and Australia New Zealand Banking Group; to help finance the acquisition of Pactiv Corp., financing also includes $1.5 billion credit facility, bank meeting Sept. 13 week; Reynolds is a Chicago-based manufacturer and supplier of consumer food and beverage packaging and storage products.

TITAN INTERNATIONAL, INC.: $175 million senior secured notes due 2017; Rule 144A/Regulation S; to finance tender for the company's 8% senior unsecured notes due 2012, which commenced on Aug. 31, via Goldman Sachs & Co., with any remaining proceeds for general corporate purposes, including financing potential future acquisitions and repayment of other existing obligations; Quincy, Ill.-based maker of wheels, tires and assemblies for off-highway vehicles, including tractors and combines.

ROADSHOWS

Started Sept. 15: LIBERTY TIRE RECYCLING $200 million; Bank of America Merrill Lynch.

Started Sept. 16: EVERTEC, INC. $220 million; Bank of America Merrill Lynch, Morgan Stanley.

Sept. 14-21: ALPHABET MERGER SUB (NBTY INC.) $650 million; Bank of America Merrill Lynch, Barclays Capital Inc., Credit Suisse.

Pricing Sept. 20 week: CHC HELICOPTER SA $1 billion; Morgan Stanley, HSBC, RBC Capital Markets, UBS Investment Bank.

Sept. 20-24: HARVEST OPERATIONS CORP. $500 million; Bank of America Merrill Lynch, HSBC.

Sept. 20-24: STONERIDGE, INC. $175 million; JP Morgan.

Sept. 20 week: LODGENET INTERACTIVE CORP. $435 million; Bank of America Merrill Lynch, JP Morgan.

Started Sept. 20: VERTELLUS SPECIALTIES INC. $325 million; Credit Suisse, Jefferies & Co.

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