High Yield Calendar: $5.5 billion deals being marketed

May 13 Week

DISH DBS CORP.: $2.5 billion senior notes (Ba2/BB-) due 2017, price talk 4¾% area, and due 2023, price talk 6% area; Barclays (lead left bookrunner), Jefferies, Macquarie, RBC (joint books); Rule 144A and Regulation S with registration rights; non-callable (make whole at Treasuries plus 50 bps; also special par call within six months of the issue date, 101 thereafter); proceeds to be placed into escrow, subject to release to fund the merger with Sprint (notes to be redeemed if the merger is not consummated); direct broadcast satellite pay-TV service; pricing Wednesday.

MAGNETATION LLC and MAG FINANCE CORP.: $325 million five-year senior notes (expected ratings B3/B-), maturity decreased from seven years; JPMorgan, Jefferies, Deutsche Bank (joint); Rule 144A and Regulation S for life; non-callable (call protection increased from three years); to repay debt, for general corporate purposes and for capital expenditures associated with construction projects; Grand Rapids, Mich.-based iron ore producer; price talk 11%; also covenant changes; books close 10 a.m. ET on Wednesday, pricing shortly thereafter.

PACIFIC DRILLING SA: $750 million seven-year senior secured notes (B1/B+); Goldman Sachs & Co., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Barclays; Rule 144A and Regulation S; non-callable for three years; to refinance bank debt; Luxembourg-based ultra-deepwater drilling contractor; roadshow started May 13; pricing May 13 week.

SUGARHOUSE HSP GAMING PROP. MEZZ. LP and SUGARHOUSE HSP GAMING FINANCE CORP. (SUGARHOUSE CASINO): $235 million eight-year second-lien notes (B3/CCC); Goldman Sachs & Co., Wells Fargo Securities LLC, BofA Merrill Lynch, Fifth Third Securities Inc.; Rule 144A for life; non-callable for three years; to refinance 8 5/8% senior secured notes due 2016, fund capital expenditures and redeem preferred shares; Philadelphia-based casino entertainment enterprise; roadshow started May 13; pricing late May 13 week.

BUILDERS FIRSTSOURCE, INC.: $350 million eight-year senior secured notes; Credit Suisse Securities (USA) LLC, Citigroup Global Markets, SunTrust Robinson Humphrey (joint); Rule 144A and Regulation S for life; callable in three years at par plus 75% of the coupon (special call allows the issuer to redeem 10% of the notes annually at 103 during the non-call period); three-year 35% equity clawback; 101% poison put; to refinance debt; Dallas-based manufacturer and supplier of building products; roadshow started Monday; pricing during the May 13 week.

NEENAH PAPER, INC.: $175 million senior notes due 2021; Goldman Sachs & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC (joint), BMO Capital Markets (co); Rule 144A and Regulation S; non-callable for three years; to redeem the 7 3/8% senior notes due 2014, to repay revolver and for general corporate purposes; Alpharetta, Ga.-based producer of paper and technical products; roadshow started May 13; pricing expected May 16.

CORNERSTONE FAMILY SERVICES OF WEST VIRGINIA, INC. and STONEMOR PARTNERS LP: $175 million senior notes due 2021; BofA Merrill Lynch; Rule 144A and Regulation S; non-callable for three years; to fund the tender for the 10¼% senior notes due 2017; Levittown, Pa.-based cemetery and funeral services provider; roadshow started May 13; pricing May 13 week.

BON-TON DEPARTMENT STORES, INC.: $300 million second-lien senior secured notes due June 15, 2021 (existing ratings Caa1/B-); 10¼% senior notes due 2014, early consent date May 24, 2013; BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. (joint), Lazard, RBS Securities Inc., U.S. Bancorp Investments Inc. (co's); Rule 144A with registration rights; callable in three years at par plus 75% of the coupon; three-year 35% equity clawback; 101% poison put; to fund the tender for the 10¼% notes due 2014 and the 10 5/8% notes due 2017; York, Pa.-based regional department store operator; roadshow starts May 14; investor call 12:15 p.m. ET May 15; pricing late in the May 13 week.

MURRAY ENERGY CORP.: $400 million eight-year senior secured second-lien notes (Caa1/B); Goldman Sachs & Co. (books), Fifth Third Securities (co); Rule 144A and Regulation S; callable in three years at par plus 75% of the coupon; to refinance debt; St. Clairsville, Ohio-based coal company; expected to price during May 13 week.

MILLICOM INTERNATIONAL CELLULAR SA: Expected benchmark senior notes; J.P. Morgan Securities LLC, Standard Bank (joint global coordinators and joint bookrunners), BNP Paribas (joint bookrunner); Rule 144A and Regulation S; Luxembourg-based telecommunications company; roadshow started May 13 in London, May 15 in New York; conference call 11 a.m. ET on May 13.

May 20 Week

GETCO FINANCING ESCROW LLC (to be assumed by KCG HOLDING, INC.); $305 million five-year senior secured notes; Jefferies & Co., Goldman Sachs & Co. (joint), Pierpont Securities (co); Rule 144A and Regulation S with registration rights; callable in two years at par plus 75% of the coupon; proceeds together with a new credit facility, to refinance debt and finance the merger between Knight Capital Group Inc. and Getco; Getco is a Chicago-based buyer and seller of securities; Knight Capital is a Jersey City, N.J.-based financial services firm; expected to price during the May 20 week.

On The Horizon

BUENA VISTA GAMING AUTHORITY: $220 million eight-year senior secured notes; Credit Suisse Securities (USA) LLC, BofA Merrill Lynch (joint); Rule 144A and Regulation S for life; callable in four years at par plus 50% of the coupon; annual mandatory redemption offer of 50% of available funds starting at 103; 101% poison put; to fund construction of the Buenavue Casino; Ione, Calif.-based tribal gaming firm.

DELL INC. $3.25 billion secured notes: $2 billion first-lien notes and $1.25 billion second-lien notes; also $7.5 billion credit facility; BofA Merrill Lynch, Barclays, Credit Suisse Securities (USA) LLC, RBC Capital Markets; to help fund the acquisition of the company by Michael Dell and Silver Lake, expected to close at the end of the second quarter of 2013; Round Rock, Texas-based provider of technology and business products and services.

FTS INTERNATIONAL, INC.: $400 million secured notes to repay term loan; company is soliciting consents from holders of its 7 1/8% notes due 2018 to amendments to the indenture governing the notes, BofA Merrill Lynch and Citigroup Global Markets Inc. are the solicitation agents; provider of well completion services for the oil and gas industry with corporate offices in Fort Worth and Cisco, Texas.

GARDNER DENVER INC.: New senior notes backed by a bridge loan; Deutsche Bank Securities Inc., UBS Securities LLC, Barclays, Citigroup Global Markets Inc., RBC Capital Markets, Mizuho Corporate Bank Ltd., KKR Capital Markets; to help fund its purchase by Kohlberg Kravis Roberts & Co. LP, expected to close in the third quarter of 2013; Wayne, Pa.-based manufacturer of industrial compressors, blowers, pumps, loading arms and fuel systems.

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. LLC, BMO Capital Markets Corp.; Rule 144A; to fund expansion of its wireless network and for general corporate purposes; Toronto-based wireless communications services provider.

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.

MIDSTATES PETROLEUM CO., INC.: $620 million bridge loan commitment from Morgan Stanley Senior Funding, Inc. and SunTrust Robinson Humphrey, Inc.; part of the $725 million to $750 million financing backing the acquisition of oil-weighted properties in the Western Anadarko Basin in Oklahoma and Texas, expected to close on or about May 31, 2013; transaction includes $100 million to $125 million equity, with the balance coming in the form of debt (Morgan Stanley and SunTrust will also increase the company's borrowing base under its revolver); Houston-based independent exploration and production company.

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.

NIELSEN HOLDINGS NV: $1.3 billion bridge, most or all to be taken out with high-yield bonds, to fund its acquisition of Arbitron Inc.; J.P. Morgan Securities LLC; Nielsen is a New York and Netherlands-based provider of information and insights into what consumers watch and buy; Arbitron is a Columbia, Md.-based media and marketing research firm.

PETAQUILLA MINERALS LTD.: Possible second-lien notes, size to be determined, as part of an approximately $210 million debt financing that will include between $90 million and $140 million of first-lien bank debt; Global Hunter Securities; to refinance debt and to finance capital expenditures related to the Lomero-Poyatos mine in Spain; Vancouver, B.C.-based copper exploration company; the financing was previously in the market as a single $210 million tranche of five-year senior secured notes, announced in July 2012; possible 2013 business.

PINNACLE ENTERTAINMENT INC.: $315 million senior notes and $2.73 billion credit facility in a financing led by J.P. Morgan Securities LLC and Goldman Sachs Lending Partners LLC; to fund the acquisition of Ameristar Casinos Inc., expected to close in the third quarter of 2013; Pinnacle is a Las Vegas-based casino gaming company.

PVH CORP.: $4.33 billion new debt comprised of senior notes and a credit facility; Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc.; notes are backed by a bridge loan commitment; to fund the cash portion of the acquisition of Warnaco Group Inc., expected to close early in 2013, and refinance debt at both companies and provide liquidity going forward; PVH is a Bridgewater, N.J.-based apparel company.

SILVERLEAF RESORTS, INC.: $175 million senior secured notes due 2019; Deutsche Bank Securities Inc.; non-callable for three years; to pre-fund development of vacation ownership inventory, to refinance a portion of the company's existing debt, to pay a dividend to the sponsor; Dallas-based resort operator.

SUPERVALU INC.: $300 million unsecured debt securities; to fund the tender for up to $300 million 8% senior notes due May 1, 2016, via dealer-manager Goldman Sachs & Co., early expiration May 15, 2013; Eden Prairie, Minn.-based food wholesaler.

TDF GROUP (TELEFFUSION DE FRANCE): Euro-denominated high-yield bonds; BNP Paribas expected to be involved; to refinance debt; Paris-based multiple-platform telecommunications company.

Roadshows

Started May 13: SUGARHOUSE CASINO $235 million; Goldman Sachs, Wells Fargo, BofA Merrill Lynch, Fifth Third.

Started May 13: PACIFIC DRILLING $750 million; Goldman Sachs, Citigroup, Deutsche Bank, Barclays.

Started May 13: MILLICOM benchmark; JPMorgan, Standard Bank, BNP.

Started May 13: BUILDERS FIRSTSOURCE $350 million; Credit Suisse, Citigroup, SunTrust.

Started May 13: NEENAH PAPER $175 million; Goldman Sachs, JPMorgan, Credit Suisse.

Started May 13: STONEMOR $175 million; BofA Merrill Lynch.

Starts May 14: BON-TON DEPARTMENT STORES $300 million; BofA Merrill Lynch, Credit Suisse, Goldman Sachs.

Pricing May 13 week: MURRAY ENERGY $400 million; Goldman Sachs.

Pricing May 20 week: GETCO $305 million; Jefferies, Goldman Sachs.

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