High Yield Calendar: $1.85 billion, €300 million and £200 million deals being marketed

March 19 week

J.B. POINDEXTER & CO., INC.: $200 million senior notes due 2022 (B2/B); J.P. Morgan Securities LLC (books), RBC Capital Markets Corp. (co); Rule 144A and Regulation S for life; non-callable for five years; to fund tender for 2014 notes and for general corporate purposes; Houston-based owner and operator of transportation-related manufacturing businesses; price talk 9% area; books close 10:30 a.m. ET Friday, pricing thereafter.

CAPTAIN BIDCO SAS (ASCOMETAL): €300 million senior secured notes due 2020 (expected ratings B3/B-); Bank of America Merrill Lynch (bill and deliver, joint books), Morgan Stanley (joint books); Rule 144A and Regulation S for life; non-callable for four years; 101% poison put; to refinance debt used to acquire Ascometal; Courbevoie, France, steel producer; European roadshow March 12-15, US roadshow March 16-20.

LOWELL GROUP LTD.: £200 million senior secured notes due 2019 (B1/BB); JPMorgan, Lloyds TSB (joint); non-callable for three years; to repay bank debt and shareholder loan; consumer debt services provider, based in Leeds, England; pricing expected during March 19 week.

March 26 week

LAWSON SOFTWARE, INC.: $1.15 billion equivalent senior notes due 2019 (expected ratings Caa1/B-) in dollar- and euro-denominated tranches, sizes to be determined; Bank of America Merrill Lynch (left lead, bill and deliver), Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., RBC Capital Markets, KKR Capital Markets (joint books), Rule 144A and Regulation S with registration rights; non-callable for three years; proceeds, together with borrowings under the new senior secured credit facilities, will be used to refinance certain existing debt, finance the change-of-control notice, offer to purchase and consent solicitation in connection with the 11½% senior notes due 2018 (this offering is part of the financing for, and is conditioned upon, the consummation of the proposed combination of Infor and Lawson); combined company, based in St. Paul, Minn., will be the world's third largest provider of enterprise business applications software and services; European roadshow March 19-20, U.S. roadshow starts March 22; global investor call 2 p.m. ET on March 19; pricing expected during March 26 week.

HERCULES OFFSHORE, INC. $500 million notes: $300 million senior secured notes due 2017, non-callable for two years, and $200 million senior unsecured notes due 2019, non-callable for three years; Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., UBS Investment Bank; Rule 144A and Regulation S; to repay all outstanding debt under the existing secured term loan and for general corporate purposes, including to fund a portion of the acquisition of the drilling rig Ocean Columbia, as well as the costs associated with its repair, upgrade and mobilization; Houston-based provider of offshore drilling equipment and services; roadshow started March 21; pricing expected March 30.

Expected First Quarter of 2012

ACCO BRANDS CORP.: $270 million senior notes and $920 million credit facility; Barclays Capital Inc., Bank of America Merrill Lynch and BMO Capital Markets Corp.; to fund its merger with MeadWestvaco's office supplies business, to repay ACCO's 10 5/8% senior secured notes and for ongoing working capital; ACCO Brands is a Lincolnshire, Ill.-based office supply manufacturer; merger expected to close during the first half of 2012.

GLOBALIVE WIRELESS MANAGEMENT CORP.: Up to $1 billion equivalent in U.S. dollar- and Canadian dollar-denominated notes; Credit Suisse Securities (USA) LLC, Morgan Stanley & Co., BMO Capital Markets Corp.; Rule 144A; to fund expansion of its wireless network and for general corporate purposes; Toronto-based wireless communications services provider; expected during first quarter of 2012.

On the Horizon

CKX ENTERTAINMENT, INC.: $360 million senior secured second-lien notes due 2019 (/B-/); Goldman Sachs & Co. (left books), Macquarie Group Ltd. (joint books); Rule 144A and Regulation S; non-callable for four years; to fund the purchase of common stock and repay existing credit facility; New York City-based owner and developer of entertainment content; possible business for the first quarter of 2012.

CONSOLIDATED COMMUNICATIONS HOLDINGS INC.: $350 million senior notes; to take out bridge loan backing the acquisition of Roseville, Calif.-based communications services provider SureWest Communications; Morgan Stanley Senior Funding Inc. is leading the debt financing; Mattoon, Ill.-based communications company; acquisition expected to close in the fourth quarter of 2012.

CREATIVE CASINOS, INC.: $355 million senior secured notes due 2019 (expected ratings Caa1/CCC+), decreased from $365 million, callable in three years at par plus ¾ coupon (call protection decreased from four years), price talk 12½% area; Jefferies & Co. Inc., Morgan Stanley & Co. LLC, Capital One Southcoast (joint) also $90 million 7.5-year senior redeemable perpetual preferred stock, non-callable for two years, decreased from $103.093 million; Jefferies, Morgan Stanley (joint); Rule 144A and Regulation S with registration rights; to fund construction of a new casino and hotel located in Lake Charles, La.; Las Vegas-based gaming, lodging and entertainment company (previous overall deal-size was $468.1 million).

DNO INTERNATIONAL ASA: $200 million to $300 million senior secured bonds due 2016; Pareto Securities AS, ABG Sundal Collier ASA and Fearnley Fonds ASA; for general corporate purposes; Oslo oil and gas exploration and production company.

ENERGY TRANSFER EQUITY, LP: $3.2 billion high-yield bonds to help complete the $7.9 billion merger of Energy Transfer and Southern Union Co., including repayment of $3.7 billion of Southern Union debt, expected to close in the first quarter of 2012; Energy Transfer is a Dallas-based oil and gas pipeline company.

GREENFIELD ETHANOL INC.: C$175 million of five-year senior second-lien notes (/B+//DBRS: B); Scotia Capital Inc. (lead); Macquarie Capital Markets Canada Ltd., Societe Generale (Canada) and TD Securities Inc. (co-managers); non-callable for three years, 101% change-of-control put; equity clawback for up to 35% in first three years; Canada call at 50 bps over Canadian government benchmark; guarantors GreenField Ethanol (Johnstown) Inc.; GreenField Ethanol (Hensall) Inc.; GreenField Hensall LP; GreenField Hensall GP Inc.; Pharmco Products Inc.; Aaper Alcohol and Chemical Co., Aaper Holdings Inc.; GreenField Ethanol of Quebec Inc. and all future restricted subsidiaries of GreenField.; proceeds to repay debt, to terminate existing interest rate swap agreements and for general corporate purposes; Ontario-based GreenField Ethanol is Canada's largest ethanol company.

M&G FINANCE CORP.: $200 million to $300 million senior secured notes due 2019 (expected B3//BB), downsized from $500 million; J.P. Morgan Securities LLC (sole); Rule 144A and Regulation S for life; non-callable (call protection increased from four years); to finance construction of new PET and PTA production facilities, pay back intercompany debt and fund working capital; Houston-based Mossi & Ghisolfi (M&G) produces polyethylene terephthalate (PET) resin for packaging applications; price talk 10% coupon to yield 12% at an issue price of approximately 90.00.

NAL OIL & GAS: C$150 million to C$250 million notes; RBC Capital Markets, BMO Nesbitt Burns; Calgary, Alta., trust acquires interests in Canada's upstream conventional oil and gas industry.

NEWLEAD HOLDINGS LTD.: $120 million senior secured bonds due 2016; Rule 144A and Regulation S; to finance vessel purchase commitments, to refinance the debt of certain vessels and for general corporate purposes; Piraeus, Greece-based vertically integrated mixed fleet shipping company.

SPIE: Expected €300 million to €400 million notes; Morgan Stanley, HSBC, SG CIB, Credit Agricole CIB, Deutsche Bank; proceeds along with approximately €1 billion of bank debt to help fund the LBO of the company by Clayton Dubilier & Rice, Axa Private Equity and Caisse de Depot et Placement du Quebec from PAI Partners from PAI Partners; France-based mechanical engineering firm; LBO closed on Aug. 30; bridge loan funded as leads await opportunity to sell the bonds.

TRINSEO MATERIALS OPERATING SCA: $450 million six-year senior notes (B3/B), non-callable for three years (structure changed from seven-year non-call-four); Barclays Capital Inc. (left lead), Deutsche Bank Securities Inc., BMO Securities, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC; Rule 144A and Regulation S with registration rights; non-callable for four years; to repay bank debt and for general corporate purposes; diversified chemical company; price talk 12¼% area, including about 3 points of OID; roadshow was in late November 2011; likely business for the first quarter of 2012.

WII COMPONENTS, INC.: New subordinated notes and new credit facility; to fund a tender offer and consent solicitation for its $105.85 million of 10% senior notes due 2012, consent deadline July 7, 2011; St. Cloud, Minn., cabinet manufacturer.

Roadshow

March 12-20: CAPTAIN BIDCO SAS (ASKOMETAL) €300 million; Bank of America Merrill Lynch, Morgan Stanley.

Started March 19: LAWSON SOFTWARE, INC. $1.15 billion; Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., RBC Capital Markets, KKR Capital Markets.

Started March 19: J.B. POINDEXTER & CO., INC. $200 million; J.P. Morgan Securities LLC.

Pricing mid-March 19 week: IDQ HOLDINGS, INC. $210 million; Jefferies & Co.

Pricing March 19 week: LOWELL GROUP LTD. £200 million; JPMorgan, Lloyds TSB.

Started March 21: HERCULES OFFSHORE, INC. $500 million; Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., UBS Investment Bank.

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