High Yield Calendar: $6.77 billion and €1.41 billion being marketed

April 14 Week

FLORIDA EAST COAST HOLDINGS CORP. and FLORIDA EAST COAST INDUSTRIES, LLC $1.1 billion notes in two tranches: senior secured notes due 2019, non-callable for two years, and senior unsecured notes due 2020, non-callable for 2.5 years, tranche sizes to be determined; Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC (joint), BMO Securities (lead manager); Rule 144A and Regulation S for life; to finance concurrent tender offers for the 8 1/8% senior secured notes due 2017 and 10½%/11¼% senior PIK toggle notes due 2017 and for general corporate purposes; Jacksonville, Fla.-based freight rail system; roadshow started April 9; pricing April 14 week.

RICE ENERGY INC.: $750 million senior notes due 2022 (B3); Barclays (lead left bookrunner), Wells Fargo Securities LLC, Goldman Sachs & Co., Citigroup Global Markets Inc., RBC Capital Markets (joint books), BMO Capital Markets Corp. (senior co), Comerica Securities, Fifth Third Securities Inc. (co's); Rule 144A and Regulation S with registration rights; callable after three years at par plus 75% of the coupon; to repay second lien term loan and for general corporate purposes, including capital expenditures; Canonsburg, Pa.-based oil and gas exploration and production company; roadshow starts April 14; investor call April 15; pricing April 17.

PIAGGIO & CO. SPA: €200 million seven-year notes (expected ratings Ba3/BB-); Banca Imi, BNP Paribas, BofA Merrill Lynch, Mediobanca, UniCredit, HSBC; Regulation S only; to refinance notes due 2016; Pontedera, Italy based company maker of two wheeled motor vehicles and compact commercial vehicles; initial guidance 4¾% to 5%.

SGD GROUP SAS (FRANCE): €335 million five-year senior secured notes (//B); JPMorgan (bill and deliver, joint global coordinator), Credit Suisse (joint global coordinator), BNP Paribas (joint books); Rule 144A and Regulation S for life; callable after 1.5 years at par plus 75% of the coupon; to refinance debt; Puteaux, France-based manufacturer of molded glass packaging for the pharmaceutical industry; roadshow April 11-16, pricing thereafter.

HYDRA DUTCH HOLDINGS 2 BV (EDEN SPRINGS): €210 million five-year senior secured floating-rate notes (confirmed B2/expected B); Credit Suisse (bill and deliver, joint global coordinator), Jefferies, Rabobank, UBS (joint global coordinators); Rule 144A and Regulation S for life; non-callable for one year; to refinance debt and repay shareholder loans; Preverenges, Switzerland-based provider of water and coffee solutions in Europe and Israel; roadshow April 11-17.

ALAIN AFFLELOU: €440 million five-year notes in two tranches: €365 million senior secured notes and €75 million senior unsecured notes; JPMorgan (bill and deliver, global coordinator), Credit Suisse, UniCredit, Credit Agricole CIB, BNP Paribas (joint books); Rule 144A and Regulation S for life; non-callable for 1.5 years; to refinance debt; France-based optical and eyewear company; roadshow April 14-17, pricing thereafter.

CGG S.A. (Ba3/B+): €360 million senior notes due 2020; BNP Paribas, Credit Suisse (global coordinators and joint bookrunners), Credit Agricole CIB, HSBC, Natixis, SG CIB (joint bookrunners); Rule 144A and Regulation S for life; callable after three years at par plus 50% of the coupon; to repurchase €360 million Oceane convertible bonds due 2016, with remaining net proceeds, if any, to repay other debt; Paris-based geoscience company; roadshow Monday in Paris, Tuesday in London.

April 21 Week

ALTICE: €4.15 billion equivalent senior notes due 2022 in dollars and euros; Goldman Sachs (left joint global coordinator), Deutsche Bank, JPMorgan (joint global coordinators), Barclays, BNP Paribas, Credit Agricole CIB, Credit Suisse, Morgan Stanley, ING, Natixis; Rule 144A and Regulation S; non-callable for three years; to help fund the acquisition of Numericable and repay debt; Altice is a Luxembourg-based cable and telecommunications company. Numericable is a cable operator; roadshow April 14-22.

NUMERICABLE €6.04 billion equivalent first-lien notes (Ba3): €500 million and $920 million five-year notes, non-callable for two years, €1 billion and $2 billion eight-year notes, non-callable for three years, €1 billion and $2 billion 10-year notes, non-callable for five years; JPMorgan (global coordinator, bill and deliver), Deutsche Bank, Goldman Sachs (global coordinators), Barclays, BNP Paribas, Credit Agricole CIB, Credit Suisse, Morgan Stanley, ING, Banca IMI, Natixis (bookrunners for the euro-denominated tranches), Barclays, BNP Paribas, Credit Agricole CIB, Credit Suisse, Morgan Stanley, ING (bookrunners for the dollar-denominated tranches); proceeds, along with €5.6 billion loans, to finance the purchase of SFR; Numericable is a cable operator; SFR is a mobile phone company; European roadshow started April 14; U.S. roadshow starts April 15; pricing April 23.

On The Horizon

ACTUANT ELECTRICAL: $60 million senior subordinated notes; also $150 million credit facility led by RBC Capital Markets and NXT Capital; to help fund the buyout of the company by Sentinel Capital Partners from Actuant Corp.; Actuant Electrical is a Menomonee Falls, Wis.-based provider of products for the retail do-it-yourself, marine, industrial OEM and wholesale electrical markets.

AERCAP HOLDINGS NV: Long-term bonds, approximately 40% secured and 60% unsecured; also $1 billion revolver; UBS Investment Bank, Citigroup Global Markets; to fund its purchase of International Lease Finance Corp. from American International Group Inc., expected to close during the second quarter of 2014; AerCap is a Netherlands-based aircraft leasing company. ILFC is a Los Angeles-based commercial aircraft lessor.

ALBEA: $150 million five-year senior secured PIK toggle notes (expected ratings Caa2/CCC+); JPMorgan, BofA Merrill Lynch (joint); non-callable for one year; to fund a dividend; Gennevilliers, France-based personal care products company.

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.

DFC GLOBAL CORP.: $750 million senior secured notes backed by a bridge loan via Jefferies Finance LLC and Credit Suisse Securities (USA) LLC; also $125 million credit facility; to help the acquisition of DFC Global by Lone Star Funds, expected to close during the third quarter of 2014; Berwyn, Pa.-based financial services company.

FRONTIER COMMUNICATIONS CORP.: $1.9 billion senior notes backed by bridge; J.P. Morgan Securities LLC; to fund the acquisition of AT&T Inc.'s wireline business and statewide fiber network in Connecticut; Stamford, Conn.-based wireline telecommunications provider; expected during the second or third quarter of 2014.

JARDEN CORP.: $795 million bonds and bank loans, sizes to be determined; to help fund its acquisition of Yankee Candle Investments LLC from Madison Dearborn Partners LLC for $1.75 billion in cash; Jarden is a Rye, N.Y.-based provider of consumer products; Yankee Candle is a South Deerfield, Mass.-based designer, manufacturer, wholesaler and retailer of scented candles.

MALLINCKRODT PLC: Up to $500 million new senior notes backed by a bridge loan and $1.35 billion term loan; Barclays; to help fund the acquisition of Questcor Pharmaceuticals Inc., an Anaheim Hills, Calif.-based biopharmaceutical company, expected to close in the third quarter of 2014; Mallinckrodt is a Dublin, Ireland-based pharmaceuticals company.

MEN'S WEARHOUSE: $600 million senior notes and a $1.6 billion credit facility; BofA Merrill Lynch and J.P. Morgan Securities LLC; to help fund its purchase of Jos. A. Bank Clothiers expected to close in the third quarter of 2014; Men's Wearhouse is a Houston-based specialty retailer of men's apparel. Jos. A. Bank is a Hampstead, Md.-based designer, manufacturer and retailer of men's apparel, footwear and accessories.

NINE WEST HOLDINGS INC.: $455 million senior unsecured bridge loan or senior notes; also $720 million credit facility scheduled to launch Feb. 14, including a $470 million term loan led by Morgan Stanley Senior Funding Inc., Jefferies Finance LLC and MCS Capital Markets LLC and $250 million asset-based revolver led by Wells Fargo Securities LLC and Bank of America Merrill Lynch; to help fund the buyout of parent company Jones Group Inc. by Sycamore Partners; marketer and wholesaler of apparel, footwear and accessories.

ORTHO-CLINICAL DIAGNOSTICS: $1.15 billion high-yield notes backed by a bridge loan led by Goldman Sachs & Co., Barclays, Credit Suisse, UBS and Nomura; also $2.175 billion term loan B and $1.025 billion equity; to help fund the buyout of Ortho-Clinical Diagnostics by the Carlyle Group from Johnson & Johnson; Raritan, N.J.-based provider medical diagnostic testing services; expected second-quarter 2014 business.

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.

VISANT CORP.: Up to $100 million senior notes and $260 million credit facility; Credit Suisse Securities (USA) LLC; to help fund its acquisition of American Achievement Group Holding Corp., expected to close no later than the second quarter of 2014; Visant is an Armonk, N.Y.-based marketing and publishing company. Jostens is a Minneapolis-based yearbook and scholastic affinity company.

WEYERHAEUSER REAL ESTATE CO. (WRECO): $800 million new senior unsecured notes; to help fund the merger with TRI Pointe Homes in a transaction valued at about $2.7 billion, anticipated to close in the second quarter of 2014 (a portion of the proceeds to be paid to Weyerhaeuser at closing); homebuilding subsidiary of Federal Way, Wash.-based Weyerhaeuser Co.

Roadshows

Started April 9: FLORIDA EAST COAST $1.1 billion; Morgan Stanley, JPMorgan.

Started April 11: SGD €335 million; JPMorgan, Credit Suisse, BNP.

April 11-17: EDEN SPRINGS €210 million; Credit Suisse, Jefferies, Rabobank, UBS.

April 11-17: ALAIN AFFLELOU €440 million; JPMorgan, Credit Suisse, UniCredit, Credit Agricole CIB, BNP Paribas.

Started April 14: RICE ENERGY; Barclays, Wells Fargo, Goldman Sachs, Citigroup, RBC.

Started April 14: ALTICE €4.15 billion; Goldman Sachs, Deutsche Bank, JPMorgan.

Started April 14: NUMERICABLE €6.04 billion; JPMorgan, Deutsche Bank, Goldman Sachs.

Started April 14: CGG S.A. €360 million; BNP, Credit Suisse, Credit Agricole, HSBC, Natixis, SG.

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