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Published on 11/5/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $1.42 billion and £250 million deals being marketed

NOVEMBER 2 WEEK

GENERAL MARITIME CORP.: $300 million senior unsecured notes due 2017 (B3/B); J.P. Morgan Securities Inc., Goldman Sachs & Co. (joint); Citigroup Global Markets Inc., Credit Suisse, DNB, Jefferies & Co, RBS Securities Inc. (co's); Rule 144A/Regulation S with registration rights; non-callable for four years (call protection extended from three years); to repay debt; New York-based provider of international seaborne crude oil transportation services; roadshow Oct. 30-Nov. 4; pricing expected Nov. 2 week, however roadshow could be extended.

WILLIAM HILL PLC: £200 million to £250 million senior unsecured bearer bonds (Ba1/BB+); Barclays Capital, RBS Securities, Lloyds TSB; Regulation S; to repay bank debt and for general corporate purposes; London-based sports betting and gaming company; price talk 7 3/8% area; pricing expected on Friday.

NOVEMBER 9 WEEK

BELO CORP.: $275 million senior notes due 2016; J.P. Morgan Securities Inc., Bank of America Merrill Lynch; SEC registered; to repay bank debt; Dallas-based television company; roadshow Nov. 5-10; pricing Nov. 10.

VIASYSTEMS, INC.: $220 million senior secured notes due January 2015 (B+); Goldman Sachs & Co., Wells Fargo Securities; Rule 144A for life; non-callable for 2.5 years; to fund tender for 10½% senior subordinated notes due 2011; St. Louis-based provider of complex multi-layer PCBs and electro-mechanical solutions; roadshow started Nov 3; pricing Nov. 9 week.

TRIUMPH GROUP, INC.: $175 million senior subordinated notes due 2017 (Ba3/B+); Bank of America Merrill Lynch, J.P. Morgan Securities Inc. (joint), RBS Securities Inc., PNC Capital Markets (senior co's), BB&T Securities (junior co); Rule 144A with registration rights; non-callable for five years; for general corporate purposes, which may include debt reduction including repayment of revolver without any permanent reductions; Wayne, Pa.-based supplier of aerospace systems and components; pricing early Nov. 12 week.

COLUMBUS INTERNATIONAL, INC.: $450 million senior secured notes due 2014 (B2/B); Citigroup, Standard Bank, RBC Capital Markets (joint); Rule 144A for life; non-callable; to fund capital expenditure and prepay operating company debt; Undersea cable network services provider; roadshow Nov. 5-12, pricing thereafter.

EXPECTED DECEMBER BUSINESS

JDA SOFTWARE GROUP, INC.: $275 million senior secured notes with five-year to seven-year maturity, in best efforts deal; proceeds to help finance acquisition of i2 Technologies, Inc.; Goldman Sachs financial adviser to JDA, a Scottsdale, Ariz.-based supply chain services provider; expected to yield 8½% to 8¾%; expected December business.

ON THE HORIZON

CDW CORP.: $1.94 billion notes: $890 million senior unsecured cash-pay notes due 2015 (Caa1/CCC+), $300 million senior unsecured PIK toggle notes due 2015 (Caa1/CCC+) and $750 million senior subordinated notes due 2017 (Caa2/CCC+); J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

GENERAL MOLY: $540 million to $700 million debt financing including high-yield bonds, leveraged loans and possibly convertibles; Credit Suisse and Barclays, arrangers; to fund the Mt. Hope molybdenum project, located in central Nevada; also $240 million to $400 million of equity; formerly Idaho General Mines, General Moly is a Lakewood, Colo.-based molybdenum mineral development, exploration and mining company.

INFORMA GLOBAL MARKETS: High-yield notes (Ba2/BB), size to be determined; JPMorgan; London-based real-time capital markets information services provider; originally scheduled as early September business, pending market conditions.

LANDRY'S RESTAURANTS INC.: Up to $550 million via new senior secured notes and amendment and extension of its credit facility; Jefferies & Co.; Rule 144A; to refinance its existing debt due 2011, and finance, if consummated, a portion of the acquisition of Landry's by Landry's chairman, chief executive officer and president Tilman J. Fertitta; Houston-based restaurant, hospitality and entertainment company; acquisition expected to close during first half of 2010.

NORTH AMERICAN ENERGY PARTNERS, INC: C$200 million (approximate) notes; Jefferies & Co.; Edmonton, Alta.-based gas and oil field services provider.

RIVERDEEP INTERACTIVE LEARNING USA: $820 million senior subordinated notes; Credit Suisse, Citigroup (joint); proceeds along with $1.87 billion senior bank debt, $750 million mezzanine debt and $1.5 billion equity to fund the acquisition of Houghton Mifflin by Riverdeep from Thomas H. Lee Partners, Bain Capital Partners, LLC and Blackstone Group for $3.4 billion; Riverdeep, based in Dublin, Ireland, is a publisher of interactive products for the consumer and school markets.

ROADSHOWS

Started Nov. 3: VIASYSTEMS, INC. $220 million; Goldman Sachs & Co., Wells Fargo Securities

Pricing early Nov. 12 week: TRIUMPH GROUP, INC. $175 million; Bank of America Merrill Lynch, J.P. Morgan Securities Inc.

Nov. 5-10: BELO CORP. $275 million; J.P. Morgan Securities Inc., Bank of America Merrill Lynch

Nov. 5-12: COLUMBUS INTERNATIONAL, INC. $450 million; Citigroup, Standard Bank, RBC Capital Markets


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