High Yield Calendar: $915 million deals being marketed

MARCH 29 WEEK

NES RENTAL HOLDINGS, INC.: $150 million senior secured second-lien notes due 2017 (downsized from $250 million); Deutsche Bank Securities Inc., Bank of America Merrill Lynch (joint); non-callable for three years; to repay second-lien term loan; Chicago-based construction equipment, industrial equipment and heavy machinery rental business; price talk 12½% (increased from 11½% to 11¾%); pricing expected Thursday.

STRATUS TECHNOLOGIES, INC.: $215 million five-year senior secured notes; Jefferies & Co.; Rule 144A, without registration rights; non-callable for three years; Maynard, Mass.-based information technology company that operates computer network servers will use proceeds to repay bank debt; price talk 12% coupon at 96.40 to yield 13% plus 10% of the company's equity.

SQUARETWO FINANCIAL CORP.: $300 million seven-year senior secured second-lien notes; Bank of America Merrill Lynch, BMO Capital Markets Corp. (joint books), Fifth Third Bancorp, US Bancorp Investments Inc. (co-managers); Rule 144A with registration rights; non-callable for four years; Denver-based purchaser of charged-off accounts receivable in the United States plans to use proceeds together with revolving credit facility proceeds to repay debt under the existing credit facility and its existing senior subordinated notes, as well as for general corporate purposes, including to fund the purchase of charged-off accounts receivables.

MAGNACHIP SEMICONDUCTOR SA/MAGNACHIP SEMICONDUCTOR FINANCE CORP.: $250 million eight-year senior notes (B2/B+); Goldman Sachs & Co., Barclays Capital, Inc., Deutsche Bank Securities, Inc., Morgan Stanley & Co. Inc. (joint books); Citigroup Global Markets, Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC (co-managers); Rule 144A with registration rights and Regulation S; non-callable for two years; Rule 144A with registration rights and Regulation S; Seoul, South Korea-based chipmaker will use proceeds to fund a distribution to shareholders, repay credit facility debt and for working capital; roadshow started March 25; pricing expected late March 29 week or early April 5 week.

EXPECTED APRIL BUSINESS

CF INDUSTRIES HOLDINGS INC.: Approximately $1.6 billion senior notes; proceeds along with $1 billion from a stock offering will be used to repay borrowings under the company's new term loan B and to reduce borrowings under its planned bridge facility; loans will be used to help fund the acquisition of Terra Industries Inc.; Morgan Stanley and the Bank of Tokyo-Mitsubishi UFJ are leads on new bank facility; note and stock offerings will begin after the exchange offer for Terra Industries' stock is completed; offer expires April 2; Deerfield, Ill.-based producer and distributor of nitrogen and phosphate fertilizer products.

CKE RESTAURANTS INC.: $150 million of senior unsecured notes; also $450 million credit facility and up to $440 million in equity; to finance acquisition by Thomas H. Lee Partners, expected second quarter of 2010, Bank of America and Barclays are the lead banks on the financing; Carpinteria, Calif.-based owner of Carl's Jr. and Hardee's quick-service restaurant chains.

MERGE HEALTHCARE INC.: $200 million notes; to help fund acquisition of Amicas (bridge loan via Morgan Stanley); also $40 million of equity; Milwaukee-based medical software developer; expected early to mid-March business.

PHILLIPS-VAN HEUSEN CORP.: $600 million senior unsecured notes and $2.45 billion senior secured credit facility; Barclays and Deutsche Bank are global debt coordinators, Barclays left lead; also Bank of America, Credit Suisse, RBC Capital Markets; to help fund Tommy Hilfiger acquisition from Apax Partners for €2.2 billion plus the assumption of €100 million in liabilities, and to refinance Phillips-Van Heusen's $300 million of existing senior unsecured notes due in 2011 and 2013; New York-based Phillips-Van Heusen and Tommy Hilfiger are apparel companies; April business.

RTL-WESTCAN GROUP Of COS.: C$130 million second-lien seven-year notes; Scotia Capital Inc. (books); non-callable until 2013; Edmonton, Alta.-based trucking and transportation company.

TERPHANE, INC.: $90 million secured notes due 2017; PrinceRidge Group (sole); Rule 144A for life; non-callable for four years; to repay Libor plus 970 bps secured notes and 12% secured notes; polyester films manufacturer based in Bloomfield, N.Y., and Sao Paulo.

ON THE HORIZON

AMERICAN RENAL HOLDINGS: Secured notes; to help fund acquisition by Centerbridge Partners LP from Pamlico Capital; Bank of America and Barclays; closing expected in the second quarter; Beverly, Mass.-based provider of kidney dialysis services.

ANWORTH MORTGAGE ASSET CORP.: $600 million; Santa Monica, Calif.-based real estate investment trust focusing on mortgage-backed securities and residential mortgage loans

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.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

CEDAR FAIR LP: $1.95 billion financing commitment via JPMorgan, Bank of America, Barclays Capital, UBS and KeyBanc Capital Markets, including $700 million high-yield bonds and $1.25 billion credit facility; to help fund $2.4 billion buyout by Apollo Global Management, expected to close during the second quarter of 2010; Sandusky, Ohio-based amusement-resort operator.

INEOS GROUP LTD.: Approximately €1 billion in new senior secured high-yield notes and term loans; Barclays Capital and JPMorgan joint coordinators and bookrunners for the loans and solicitation agents for notes; to refinance a portion of its senior loan debt; Lyndhurst, England-based chemical company is expected to seek consent of existing bond and loan-holders during March 15 week.

ISS HOLDING A/S: €75 million add on to 8 7/8% notes due 2016; Goldman Sachs International; Copenhagen, Denmark, provider of business services plans to use the proceeds for general corporate purposes.

SPECTRUM BRANDS INC.: $750 million senior secured notes due 2017; Credit Suisse, Bank of America, Deutsche Bank; also $1.05 billion credit facility; to help refinance debt as part of merger with Russell Hobbs Inc.; Atlanta-based consumer products company.

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