High Yield Calendar: $4.62 billion deals being marketed

September 19 Week

JDA SOFTWARE GROUP INC.: $400 million eight-year senior notes; BofA Merrill Lynch, J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. (joint); Rule 144A; non-callable for three years; to repay debt; Scottsdale, Ariz.-based provider of end-to-end retail supply chain planning and execution solutions; roadshow started Sept. 19; price talk 7½% to 7¾% (initial guidance 8% to 8¼%); books close 10 a.m. ET Thursday, pricing thereafter.

LSC COMMUNICATIONS INC.: $400 million senior secured notes (Ba3); BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC; to help fund the spinoff from R. R. Donnelley & Sons Co.; Chicago-based publishing and retail-centric print services and office products company; initial guidance high-7% context; pricing expected Thursday.

AMN HEALTHCARE, INC.: $300 million senior notes due 2024; SunTrust Robinson Humphrey Inc. (left books), BofA Merrill Lynch, J.P. Morgan Securities LLC (joint books), Wells Fargo Securities LLC (senior co), MUFG, BBVA, Fifth Third Bank, KeyBanc Capital Markets (co's); Rule 144A and Regulation S for life; callable after three years at par plus 75% of coupon; to repay credit facility; San Diego-based health care staffing and workforce services company; roadshow Sept. 20-22; pricing Sept. 23.

ALCOA NEDERLAND HOLDING BV (ALCOA INC.): $1 billion senior notes due 2024; Morgan Stanley & Co., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets, BofA Merrill Lynch, MUFG, BBVA, BNP Paribas, Deutsche Bank Securities Inc., Goldman Sachs & Co., SunTrust Robinson Humphrey Inc., SMBC Nikko (joint), Bradesco, Bank of New York, ANZ, PNC Capital Markets, Williams, Scotia Capital, RBC Capital Markets, Capital One (co's); Rule 144A and Regulation S for life; non-callable for three years; to finance the Alcoa Corp. separation and for general corporate purposes; New York-based aluminum company; pricing by the end of this week.

DONNELLEY FINANCIAL SOLUTIONS INC.: $300 million senior notes due 2024 (B3/B); J.P. Morgan Securities LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Wells Fargo Securities LLC; to help fund the spinoff from R. R. Donnelley & Sons Co.; Chicago-based financial communications services company; initial yield guidance mid-7% area; pricing expected late Sept. 19 week.

September 26 Week

STEAK N SHAKE, INC.: $400 million senior secured notes due 2023; Jefferies LLC (sole); callable after three years at par plus 50% of coupon; Rule 144A and Regulation S; to repay the existing senior secured credit facility in full, and to make a cash distribution of $230 million to Biglari Holdings, Inc. (parent); San Antonio-based burger chain owns, operates and franchises 571 Steak n Shake restaurants across 32 states and five countries; roadshow Sept. 20-28; pricing middle of Sept. 26 week.

INVENTIV GROUP HOLDINGS (INVENTIV HEALTH, INC.): $720 million senior notes due 2024 (Caa2); Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., BofA Merrill Lynch, Morgan Stanley & Co. LLC, Barclays, Jefferies LLC (joint); Rule 144A and Regulation S for life; callable after three years at par plus 50% of coupon; three-year 40% equity clawback; 101% poison put; to refinance debt and fund Advent's partial acquisition of inVentiv; Burlington, Mass.-based provider of clinical, consulting and commercial services to the health care industry; roadshow starts Sept. 26; pricing Sept. 26 week.

CONFIE SEUGUROS HOLDING II CO.: $350 million six-year senior notes; also $590 million term loan to launch Sept. 21 via RBC Capital Markets, Antares, Goldman Sachs, and Barclays; proceeds will be used to refinance in full the company’s existing first- and second-lien term loans; Confie Seguros, an ABRY Partners portfolio company, is a Buena Park, Calif.-based personal lines insurance broker; bond roadshow to start early Sept. 26 week; pricing late Sept. 26 week.

VERTIV (CORTES NP ACQUISITION CORP.): $750 million eight-year senior notes (B3/B); BofA Merrill Lynch, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC; non-callable for three years; to help fund the acquisition of Vertiv by Platinum Equity and a group of co-investors of a majority stake in the company from Emerson; Columbus, Ohio-based provider of thermal management, switches, services and information management systems for the data center and telecommunications industries; roadshow starts Sept. 26; initial guidance high 7% to 8%; pricing late Sept. 26 week.

Expected September Business

MONITRONICS INTERNATIONAL INC.: Notes offering; also $700 million term loan via book-runners BofA Merrill Lynch, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC, to launch at Nov. 8 bank meeting; to refinance revolver borrowings, term loan due in 2018 and term loan due in 2022; Dallas-based home security alarm monitoring company.

MOHEGAN TRIBAL GAMING AUTHORITY: New notes as part of $1.7 billion debt financing to fund tender for 9¾% senior notes due 2021 and 11% senior subordinated notes due 2018, early tender deadline Sept. 30; financing includes $1.4 billion credit facility via Citizens Bank, BofA Merrill Lynch, Credit Suisse, SunTrust, Goldman Sachs, KeyBanc, CIT Bank, launches Sept. 20; Uncasville, Conn.-based operator of gaming and entertainment enterprises.

On The Horizon

AMC ENTERTAINMENT HOLDINGS INC.: $675 million one-year bridge loan is Libor plus 600 bps with a 1% Libor floor, spread increases by 50 bps every three months until reaching a specified cap; part of $1.2 billion debt financing that includes $525 million term loan in addition to bonds; Citigroup Global Markets Inc.; to help fund its acquisition of Odeon & UCI Cinemas Group, expected to close in the fourth quarter of 2016; Leawood, Kan.-based AMC and London-based Odeon & UCI are theater exhibitors.

CORUS ENTERTAINMENT INC. C$300 million seven-year senior notes (/B+/DBRS: B high); RBC Capital Markets, TD Securities; non-callable for three years; to fund proposed C$2.65 billion acquisition of Calgary, Alta.-based television broadcaster Shaw Media Inc., expected to close in the third quarter of 2016; financing also includes C$2.3 billion committed credit facilities from RBC Capital Markets; Corus Entertainment is a media and entertainment company based in Calgary; early guidance 8% area; roadshow was expected to start Feb. 16.

DYNEGY INC. and ENERGY CAPITAL PARTNERS: $1.85 billion secured debt facility, a portion of which can be moved into bonds; to help fund the acquisition of Engie’s U.S. fossil portfolio; indicative pricing on the term loan is Libor plus 525 bps with the ability to flex up by about another 275 bps, at 98 indicative OID; other funds for the acquisition will come from a $400 million junior bridge provided by Energy Capital and $1.19 billion in equity from Dynegy and Energy Capital (bridge priced at 11% with a PIK option); Dynegy is a Houston-based energy company.

ELDORADO RESORTS INC.: $375 million eight-year senior notes; also $1.75 billion credit facility; J.P. Morgan Securities LLC is the lead bank on the debt; to help fund its acquisition of Isle of Capri Casinos Inc., expected to close in the second quarter of 2017; Eldorado Resorts is a Reno, Nev.-based casino entertainment company; Isle of Capri is a St. Louis-based gaming and entertainment company.

ENTRANS INTERNATIONAL, LLC and ENTRANS INTERNATIONAL FINANCE CORP.: $250 million senior secured notes due 2020 (B2/B); Credit Suisse Securities (USA) LLC (sole); Rule 144A and Regulation S for life; callable after three years at par plus 50% of the coupon; three-year 40% equity clawback; 101% poison put; to refinance debt; Cleveland, Tenn.-based manufacturer of tanker trailers and industrial equipment.

EXAMWORKS GROUP INC.: $340 million eight-year senior notes; BofA Merrill Lynch, Barclays, Deutsche Bank Securities Inc. and SunTrust; also $920 million credit facility; help fund buyout by Leonard Green & Partners LP; Atlanta-based provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management and related services; expected June business.

LESLIE'S POOLMART INC.: $390 million senior notes, downsized from $420 million with the upsizing of the term loan to $810 million from $780 million (term loan, via Nomura, launched in late July); to refinance debt and fund a dividend; Phoenix-based retailer of swimming pool supplies and related products.

LIONSGATE: $3.6 billion bond and bank financing; J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Deutsche Bank; to pay the $1.6 billion cash consideration for the Starz acquisition, expected to close by the end of 2016, and to refinance about $1.7 billion to $1.9 billion of debt at both companies; also $1 billion revolver; Lionsgate is a Santa Monica, Calif.-based entertainment company; Starz is an Englewood, Colo.-based media and entertainment company.

MTS SYSTEMS CORP.: $250 million senior unsecured bridge loan to be taken out with $250 million senior notes; J.P. Morgan Securities LLC (left lead), Wells Fargo Securities LLC (joint lead), U.S. Bank, HSBC Bank (co-documentation agents); to fund the $580 million acquisition of PCB Group Inc., expected to close before Oct. 1; MTS is an Eden Prairie, Minn.-based supplier of high-performance test systems and position sensors; PCB is a Depew, N.Y.-based designer, manufacturer and distributor of sensor technologies.

RACKSPACE: $1.2 billion senior notes backed by senior unsecured bridge loan; also $2,225,000,000 credit facility; Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Barclays, RBC Capital Markets and Credit Suisse Securities (USA) LLC are the leads on the debt; to help fund buyout by Apollo Global Management LLC, expected to close in fourth quarter of 2016; also $1,707,000,000 in equity; San Antonio-based managed cloud company.

STERIGENICS-NORDION HOLDINGS LLC: $120 million senior secured notes (B1/B); to help fund the acquisition of Nelson Laboratories Inc. and for general corporate purposes; Oak Brook, Ill.-based provider of sterilization services; expected April business.

SUNOPTA FOODS INC.: $300 million senior secured second-lien notes due 2023; Rule 144A and Regulation S; proceeds, together with borrowings under its senior secured asset-based revolving credit facility, to repay in full the term loans outstanding under the second-lien loan agreement, dated Oct. 9, 2015, borrowed in connection with the acquisition of Sunrise Holdings (Delaware), Inc., the direct parent company of Sunrise Growers, Inc.; Toronto-based company focused on organic, non-genetically modified ("non-GMO") and specialty foods; syndicate names and timing pending (last October the company postponed $330 million seven-year secured second-lien notes, via BMO, Jefferies and Rabobank, due to market conditions, talked at a discount to yield 10%).

TEEKAY OFFSHORE PARTNERS LP: $250 million minimum bonds due in 2018 and 2019 to be offered in the U.S. and Norwegian markets, expected to receive third-party credit ratings as energy markets improve; to refinance debt; Hamilton, Bermuda-based provider of marine transportation, oil production, storage, towage and maintenance and safety services to the oil industry; announced in June 17, 2016 press release.

U.S. XPRESS ENTERPRISES INC.: $320 million eight-year senior notes (B3/B+); J.P. Morgan Securities LLC, Wells Fargo Securities LLC (joint); non-callable for three years; to repay term loan and 2007 restated term loan; Chattanooga, Tenn.-based intermodal freight company.

VALEANT PHARMACEUTICALS INTERNATIONAL INC.: Possible secured notes with five-year minimum maturity; to repay existing credit facilities; disclosed as part of a credit amendment launched Aug. 9 via Barclays; Laval, Quebec-based specialty pharmaceutical company.

Roadshows

Sept. 19-22: JDA SOFTWARE $400 million; BofA Merrill Lynch.

Sept. 20-22: AMN HEALTHCARE $300 million; SunTrust, BofA Merrill Lynch, JPMorgan.

Pricing late Sept. 19 week: DONNELLEY FINANCIAL SOLUTIONS $300 million; JPMorgan, BofA Merrill Lynch, Citigroup, Wells Fargo.

Started Sept. 20: ALCOA $1 billion; Morgan Stanley, JPMorgan, Credit Suisse, Citigroup, BofA Merrill Lynch, MUFG, BBVA, BNP Paribas, Deutsche Bank, Goldman Sachs, SunTrust, SMBC.

Sept. 20-28: STEAK N SHAKE $400 million; Jefferies.

Starts Sept. 26: VERTIV $750 million; BofA Merrill Lynch, JPMorgan, Citigroup, Deutsche Bank, Goldman Sachs, Morgan Stanley.

Starts Sept. 26: INVENTIV HEALTH $720 million; Credit Suisse, Goldman Sachs, BofA Merrill Lynch, Morgan Stanley, Barclays, Jefferies.

Sept. 26 week: CONFIE SEUGUROS $350 million.

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