High Yield Calendar: $500 million deals being marketed

FEBRUARY 23 WEEK

TYSON FOODS INC.: $500 million senior notes due 2014 (Ba3/BB); J.P. Morgan Securities Inc., Banc of America Securities LLC, Barclays Capital Inc., Wachovia Securities LLC; Rule 144A with registration rights; non-callable; to terminate commitments under its existing accounts receivables facility, repay and/or refinance other debt and for general corporate purposes; Springdale, Ark.-based food manufacturer; price talk 12½% area at 92.50 area; pricing moved up to Thursday from Friday.

MARCH 2 WEEK

CEMEX, SAB DE CV: Benchmark-sized offering of dollar-denominated senior notes with intermediate maturities and high-yield covenants (//BB); Citigroup, BBVA Securities, HSBC, RBS Greenwich Capital, Santander Investments; Rule 144A/Regulation S with registration rights; will come with make-whole call, equity clawback and change-of-control put; to refinance debt; cement company based in Garza Garcia, Mexico; roadshow starts Feb. 25 in London, U.S. roadshow runs Feb. 27 to March 4, pricing thereafter pending market conditions.

ON THE HORIZON

APRIA HEALTHCARE GROUP INC.: $1 billion senior secured notes; Banc of America Securities LLC, Wachovia Securities, Barclays Capital Inc.; to fund LBO by the Blackstone Group, bridge loan backing notes funded on Oct. 28; Lake Forest, Calif., home health care services company.

ASHLAND INC.: $750 million senior unsecured notes (Ba3/BB-); also $1.95 billion credit facility via Bank of America, Scotia Capital; to help fund the acquisition of Hercules Inc.; Ashland is a Covington, Ky.-based chemical company; acquisition closed Nov. 13, and bridge was funded.

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.

DOLE FOOD CO. INC: Expected $500 million notes; Deutsche Bank is leading a term loan amendment launched to clear the way for the bonds, proceeds from which would be used to refinance the 8 5/8% senior notes due 2009 and $400 million 7¼% notes due 2010; Westlake Village, Calif.-based producer and marketer of fresh fruit and fresh vegetables; expected February business.

GENERAL MOLY: $540 million to $700 million debt financing including high-yield bonds, leveraged loans and possibly convertibles; underwriter to be determined; 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; possible late 2008-early 2009 business.

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.

VANTAGE DRILLING CO.: $135 million senior secured callable bonds due 2011; Rule 144A/Regulation S; to pay the first installment of the purchase of the drillship Platinum Explorer under the agreement with Mandarin Drilling Co.; Vantage is based in Houston.

CAT BONDS

EAST LAND RE III LTD.: $150 million series 2009-1 class A three-year principal-at-risk notes (BB); Goldman Sachs & Co.; covers Florida hurricane damage only; underlying insurer is Chubb Corp.; price talk three-month Libor plus 95 to 1,025 bps; London and Zurich roadshow during Feb. 16 week, New York meetings on Feb. 23, pricing thereafter.

ROADSHOW

Books close Thursday (moved up from Friday): TYSON FOODS INC. $500 million; J.P. Morgan Securities Inc., Banc of America Securities LLC, Barclays Capital Inc., Wachovia Securities LLC

Started Feb. 25: CEMEX, SAB DE CV benchmark-sized offering; Citigroup

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