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Published on 6/22/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $1.51 billion deals being marketed

JUNE 22 WEEK

OXFORD INDUSTRIES INC.: $150 million senior secured notes due 2015 (expected ratings B2/B); Banc of America Securities LLC, SunTrust Robinson Humphrey Inc. (joint), Credit Suisse, BB&T Capital Markets, Barclays Capital Inc., Morgan Keegan & Co., PNC Capital Markets; Rule 144A with registration rights; non-callable for three years; to fund tender for outstanding 8 7/8% notes due 2011; Atlanta-based apparel design, sourcing and marketing company; investor call noon ET Tuesday; pricing Tuesday afternoon.

SOLO CUP OPERATING CORP./SOLO CUP CO.: $300 million 4.5-year senior secured notes (B2); Goldman Sachs & Co. (left bookrunner), Banc of America Securities LLC, Wachovia Securities LLC (joint); Rule 144A/Regulation S with registration rights; non-callable for two years; also $200 million asset-based revolver; to repay existing first-lien credit facility and for general corporate purposes; Highland Park, Ill.-based single-use foodservice products provider; roadshow started Monday; pricing late June 22 week.

REAL MEX RESTAURANTS INC.: $110 million senior secured notes due 2012 (confirmed B3/expected B-); Jefferies & Co.; Rule 144A/Regulation S; non-callable for two years; change-of-control put at 101%; to repay senior secured notes due April 1, 2010 and for general corporate purposes; Cypress, Calif.-based restaurant company; roadshow started June 16, runs through late June 22 week.

XM SATELLITE RADIO INC.: $350 million senior secured first-lien notes due 2013 (Caa1/B); J.P. Morgan Securities Inc.; Rule 144A for life; non-callable for two years; to repay first-lien credit facilities; New York-based satellite radio company; roadshow started Monday; pricing mid-to-late week.

ALLIANCE ONE INTERNATIONAL INC.: $600 million senior unsecured notes due 2016; Credit Suisse Securities, Deutsche Bank Securities Inc., Goldman Sachs & Co., ING; Rule 144A with registration rights; non-callable for four years; change-of-control put at 101%; to repay debt; Morrisville, N.C., independent leaf tobacco merchant; roadshow June 22 week; pricing Friday.

EXPECTED JUNE BUSINESS

UNIVISION COMMUNICATIONS INC.: Expected $500 million senior secured notes; Banc of America Securities LLC and Deutsche Bank Securities Inc., dealer managers for the company's tender for its 7.85% notes, expected to be involved in notes sale; Rule 144A/Regulation S; to fund tender; Los Angeles-based Spanish-language media company; expected June business.

WIND ACQUISITION FINANCE SA: €2.7 billion equivalent senior notes in expected dollar-denominated and euro-denominated tranches; Deutsche Bank Securities Inc., Credit Suisse, RBS Securities Inc.; to refinance €2 billion PIK loans due 2011 and to fund a dividend to Weather Investments SpA; issuer is a financing unit of Milan, Italy-based Wind Telecomunicazioni SpA; expected late June or early July business.

EXPECTED JUNE-JULY BUSINESS

VITERRA INC.: $300 million senior notes (would rank pari passu with existing and future secured debt other than revolver); Rule 144A/Regulation S; for general corporate purposes; Regina, Saskatchewan-based agribusiness; company was seeking interest among institutional investors, primarily in Canada, as of June 22.

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.

NORTH AMERICAN ENERGY ALLIANCE: $325 million senior unsecured notes; Barclays Capital Inc.; also $545 million credit facility (BB+); to help back the roughly $1.477 billion acquisition of 1,706 megawatts of generation projects by Industry Funds Management from Consolidated Edison Inc.

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.

TRIDENT RESOURCES: New senior unsecured notes and new revolver in conjunction with IPO led by Deutsche Bank Securities Inc. and Jefferies & Co.; to recapitalize the company and repay debt; Calgary, Alta.-based natural gas production company.

ROADSHOWS

June 16 through late June 22 week: REAL MEX RESTAURANTS INC. $110 million; Jefferies & Co.

Started June 22: SOLO CUP OPERATING CORP./SOLO CUP CO. $300 million; Goldman Sachs & Co., Banc of America Securities LLC

June 22-June 24 or 25: XM SATELLITE RADIO INC. $350 million; J.P. Morgan Securities Inc.

June 22 week: ALLIANCE ONE INTERNATIONAL INC. $600 million; Credit Suisse Securities, Deutsche Bank Securities Inc., Goldman Sachs & Co.


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