High Yield Calendar: $2.13 billion, €1.25 billion and £510 million being marketed

May 19 Week

ENOVA INTERNATIONAL, INC.: $500 million seven-year senior notes; Jefferies LLC (sole); Rule 144A and Regulation S with registration rights; callable after three years at par plus 75% of the coupon; to repay inter-company loans and fund a distribution in connection with the spinoff from Cash America International, Inc.; Fort Worth, Texas-based provider of online financial services; roadshow through the middle of the May 19 week.

DRIVETIME AUTOMOTIVE GROUP, INC. and DT ACCEPTANCE CORP.: $400 million senior secured notes due 2021 (expected ratings B3/B); Wells Fargo Securities LLC (left books), Citigroup Global Markets Inc., Deutsche Bank Securities Inc. (joint books), Guggenheim Securities (co); Rule 144A and Regulation S for life; callable after three years at par plus 75% of the coupon; to repay the 12 5/8% senior secured notes due 2017; Phoenix-based used vehicle retailer; pricing middle of the May 19 week.

INTERFACE MASTER HOLDINGS, INC. holding company for INTERFACE SECURITY SYSTEMS HOLDINGS and INTERFACE SECURITY SYSTEMS, LLC: $100 million contingent cash-pay notes due 2018 (/CCC/); Imperial Capital; Rule 144A and Regulation S for life; callable after Aug. 1, 2015 at 105; for general corporate purposes and to fund a debt service reserve account; Earth City, Mo.-based provider of physical security and secured managed network services; roadshow started May 19; pricing May 19 week.

POST HOLDINGS, INC.: $630 million senior notes due Dec. 15, 2022; Barclays (bill and deliver, joint books), Credit Suisse Securities (USA) LLC, Wells Fargo Securities LLC, Goldman Sachs & Co., BMO Securities, Nomura (joint books), BofA Merrill Lynch, SunTrust Robinson Humphrey Inc., Rabo Bank, PNC Capital Markets, Stifel Nicholas (co's); Rule 144A and Regulation S for life; callable after four years at par plus 50% of the coupon; proceeds, along with $635 million credit facility and $500 million equity, to fund acquisition of MFI Holding Corp. (Michael Foods); St. Louis-based consumer packaged goods holding company; joint high-yield and equity roadshow started May 19; pricing May 22.

TEEKAY OFFSHORE PARTNERS LP: $500 million senior notes due 2019; Sterne Agee & Leach Inc., DNB Markets Inc. (joint) with ABN Amro, Raymond James, Scotiabank (co's); SEC registered; non-callable; for general partnership purposes, including funding new building installments, capital conversion projects and future acquisitions of vessels from Teekay Corp. or third parties; Hamilton, Bermuda-based provider of marine transportation, oil production and storage services to the offshore oil industry; expected to price during the May 20 week.

BRAKES CAPITAL (BRAKES BROS LTD.) Senior secured notes due Dec. 15, 2018 (expected ratings B3/B-): £260 million add-on to the 7 1/8% senior secured notes due Dec. 15, 2018, callable in December 2015, original £200 million issue priced at par on Nov. 20, 2013; also €150 million senior secured floating-rate notes, callable after one year; Barclays (bill and deliver, joint books), HSBC, JPMorgan (joint books); Rule 144A and Regulation S; to repay bank debt; Ashford, England-based foodservice distributor; global investor call May 19, roadshow May 20 in London, May 21 in Edinburgh.

XELLA LUX SCA and XELLA INTERNATIONAL SA: €325 million senior secured floating-rate notes due 2019; BNP Paribas (bill and deliver, joint global coordinator), Goldman Sachs International (joint global coordinator), Credit Agricole CIB, Morgan Stanley, UniCredit (joint books); Rule 144A and Regulation S for life; non-callable for one year; to take out the 8% senior secured notes due 2018; Duisburg, Germany-based building materials company; European roadshow May 19-21.

GALAPAGOS HOLDINGS SA (HEAT EXCHANGERS) €775 million notes: €525 million seven-year senior secured notes in tranches of floating-rate notes, non-callable for one year, and fixed-rate notes, non-callable for three years, tranche sizes to be determined; also €250 million eight-year senior fixed-rate notes, non-callable for three years; Deutsche Bank (bill and deliver, joint books), Commerzbank, ING, RBC Capital Markets, Royal Bank of Scotland, UniCredit Bank (joint books); Rule 144A and Regulation S; to help finance GEA Group AG's spinoff of its heat exchangers unit to Triton Advisers Ltd.; roadshow May 20 in Frankfurt and Paris, May 21 and May 22 in London.

MOY PARK (BONDCO) PLC £250 million senior notes: £50 million senior floating-rate notes due 2017, non-callable for one year, and £200 million fixed-rate notes due 2021, non-callable for three years; Barclays, Deutsche Bank, Goldman Sachs International (lead managers), Santander, Rabobank (co's); Rule 144A and Regulation S; to fund a distribution to Marfrig Group for repayment of certain of its debt, payment of deferred consideration for the purchase of the Keystone Foods assets in Europe, general corporate purposes; Ireland-based poultry producer; roadshow May 20-22.

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.

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 launched Feb. 14, including a $445 million term loan and $300 million unsecured term loan led by Morgan Stanley Senior Funding Inc., Jefferies Finance LLC and MCS Capital Markets LLC and $300 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.

POST HOLDINGS INC.: $630 million senior unsecured debt securities and $635 million term loan debt; Barclays, Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC; to fund the purchase of Michael Foods from GS Capital Partners, Thomas H. Lee Partners and other owners, expected to close in the second quarter; Post is a St. Louis-based consumer packaged goods holding company. Michael Foods is a Minnetonka, Minn.-based producer and distributor of food products to the foodservice, retail and food-ingredient markets.

PROSPECTOR OFFSHORE DRILLING SA: $100 million five-year second-lien bonds via subsidiary Prospector Finance II Sarl; DNB Markets, Pareto Securities, Swedbank (joint); proceeds along with funds from $270 million loan to fully finance the delivery of Prospector 5 drilling rig, which is expected to occur in early June, to refinance existing debt secured by the Prospector 1 drilling rig and for general corporate purposes; Luxembourg-based drilling contractor.

SAFEWAY INC.: $1,625,000,000 senior secured notes and $9.45 billion credit facility; Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc., Barclays, Deutsche Bank Securities Inc., PNC Capital Markets LLC, US Bank, SunTrust Robinson Humphrey Inc.; to fund the buyout of Safeway, expected to close in the fourth quarter of 2014; Pleasanton, Calif.-based food and drug retailer.

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.

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.

ZEBRA TECHNOLOGIES CORP.: $3.25 billion bonds and bank debt; Morgan Stanley; to fund the acquisition of Motorola Solutions, Inc.'s enterprise business; Lincolnshire, Ill.-based printing technologies company.

Roadshows

Started May 14: ENOVA $500 million; Jefferies.

Pricing middle of May 19 week: DRIVETIME AUTOMOTIVE $400 million; Wells Fargo, Citigroup, Deutsche Bank.

Started May 19: POST HOLDINGS $630 million; Barclays, Credit Suisse, Wells Fargo, Goldman, BMO, Nomura.

Started May 19: BRAKES BROS £260 million and €150 million; Barclays, HSBC, JPMorgan.

Started May 19: XELLA €325 million; BNP Paribas, Goldman Sachs, Credit Agricole, Morgan Stanley, UniCredit.

Started May 19: INTERFACE SECURITY SYSTEMS $100 million; Imperial.

Started May 20: MOY PARK £250 million; Barclays, Deutsche Bank, Goldman Sachs.

Started May 20: HEAT EXCHANGERS €775 million; Deutsche Bank, Commerzbank, ING, RBC, Royal Bank of Scotland, UniCredit.

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