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Published on 6/25/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $2.84 billion deals being marketed

JUNE 22 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; price talk 10¾% area; books close 10 a.m. ET Friday, pricing thereafter.

RSC EQUIPMENT RENTAL INC./RSC HOLDINGS III: $300 million first-lien senior secured notes due 2017 (B1/BB); Deutsche Bank Securities Inc., Banc of America Securities LLC, Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc., Wachovia Securities LLC (joint), Barclays Capital Inc., Goldman Sachs & Co. (co's); Rule 144A for life; non-callable for four years; to repay bank debt; rental equipment business serving construction, manufacturing, industrial and petrochemical industries, based in Scottsdale, Ariz.; price talk 10½% to 10¾%; pricing midday Friday.

REAL MEX RESTAURANTS INC.: $110 million senior secured notes due 2012 (B3/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.

JUNE 29 WEEK

ONE COMMUNICATIONS CORP.: $275 million first-priority senior secured notes due 2015 (expected B-); Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc.; Rule 144A; non-callable for four years; to repay bank debt; Burlington, Mass.-based privately held regional provider of telecommunications services; expected to price early in June 29 week.

BILL BARRETT CORP.: $200 million senior notes due 2016 (B1/B+); Banc of America Securities LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. (joint), Credit Suisse Securities, Wachovia Securities LLC, Morgan Stanley & Co. Inc., BMO Securities, Barclays Capital Inc., SunTrust Robinson Humphrey Inc. (senior co's), Goldman Sachs & Co., US Bancorp, BBVA Securities, Inc., Howard Weil, Inc., Mitsubishi UFJ Securities (USA), Inc., Fortis Investments, Comerica Securities, Inc. (co's); SEC registered; non-callable for four years; to repay revolver; Denver-based oil and gas exploration, development and production company; roadshow June 24-30, pricing thereafter.

CASELLA WASTE SYSTEMS INC.: $205 million senior second-lien notes due 2014 (B2); Banc of America Securities LLC, J.P. Morgan Securities Inc., Calyon Securities (joint), Comerica Securities (co); Rule 144A; non-callable for three years; 101% change-of-control put; to refinance bank debt; Rutland, Vt.-based waste management and recycling company; pricing June 29 week.

COMMERCIAL BARGE LINE CO.: $200 million senior secured notes due 2017; Banc of America Securities LLC, UBS Investment Bank, SunTrust Robinson Humphrey Inc., Wachovia Securities LLC (joint), RBS Securities Inc. (co.); Rule 144A with registration rights; non-callable for four years; 101% change-of-control put; to repay bank debt and for general corporate purposes; based in Jeffersonville, Ind.; to price during June 29 week.

TRU 2005 RE HOLDING CO. I, LLC (to be renamed Toys 'R' Us Property Co. I, LLC): $950 million senior notes due 2017 (expected B3/confirmed B+); Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., Wachovia Securities LLC (joint), Citigroup Global Markets Inc., Morgan Stanley & Co. Inc. (co's); Rule 144A with registration rights; non-callable for four years; to repay bank debt; subsidiaries of Toys 'R' Us, Inc., a specialty retailer of toys and juvenile products based in Wayne, N.J.; pricing middle of June 29 week.

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.

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.

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

June 24-30: BILL BARRETT CORP. $200 million; Banc of America Securities LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities Inc.

Pricing early June 29 week: ONE COMMUNICATIONS CORP. $275 million; Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc.

Pricing June 29 week: CASELLA WASTE SYSTEMS INC. $205 million; Banc of America Securities LLC, J.P. Morgan Securities Inc., Calyon Securities

Pricing June 29 week: COMMERCIAL BARGE LINE CO. $200 million; Banc of America Securities LLC, UBS Investment Bank, SunTrust Robinson Humphrey Inc., Wachovia Securities LLC

Pricing middle of July 29 week: TRU 2005 RE HOLDING CO. I, LLC (Toys 'R' Us): $950 million; Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., Wachovia Securities LLC


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