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Published on 6/16/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $2.11 billion and €300 million deals being marketed

JUNE 15 WEEK

TERREMARK WORLDWIDE INC.: $400 million senior secured first-lien notes due June 2017 (B2/B-); Credit Suisse, Jefferies & Co., RBC Capital Markets Corp.; Rule 144A with registration rights; non-callable for four years; change-of-control put at 101%; to repay existing debt and for general corporate purposes; Miami, Fla.-based information technology company; price talk 13% with 4 to 5 points OID; books close 10 a.m. ET Wednesday, pricing thereafter.

WENDY'S INTERNATIONAL HOLDINGS, LLC.: $550 million senior unsecured notes due 2016; Credit Suisse, Citigroup Global Markets Inc., Banc of America Securities LLC; Rule 144A/Regulation S; to optionally prepay about $125 million senior secured term loan debt; also to fund a distribution of the remaining proceeds to Wendy's/Arby's Group, which will use them for general corporate purposes, which may include working capital, funding for key strategic growth initiatives, debt refinancing, stock repurchases and/or dividends; subsidiary of Atlanta-based Wendy's/Arby's Group, Inc., to be renamed Wendy's/Arby's Restaurants, LLC; roadshow June 11-16; pricing June 16 or June 17.

PAETEC HOLDING CORP.: $350 million senior secured notes due 2017; Banc of America Securities LLC, Deutsche Bank Securities Inc. (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; to repay bank debt; integrated communications services provider based in Fairport, N.Y.; roadshow Tuesday and Wednesday, pricing thereafter.

RAILAMERICA INC.: $700 million senior secured notes due 2017 (B1/BB-); Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Wachovia; to repay term loan, to repay a swap and for general corporate purposes; Jacksonville, Fla.-based short-line and regional rail service provider; roadshow through Wednesday; pricing Thursday.

ARDAGH GLASS FINANACE PLC: €300 million first-priority senior secured notes due 2016 (Ba3); Citigroup; Rule 144A/Regulation S; non-callable for four years; to repay existing senior debt and for general corporate purposes; Dublin, Ireland-based glass container manufacturer; roadshow set for June 15 week.

JUNE 22 WEEK

REAL MEX RESTAURANTS INC.: $110 million senior secured notes due 2012 (expected ratings B2/B-); Jefferies & Co.; Rule 144A/Regulation S; non-callable for two years; change-of-control put at 101%; to repay senior secured notes due April 1, 2010 and for general corporate purposes; Cypress, Calif.-based restaurant company; roadshow started June 16, runs through late June 22 week.

EXPECTED JUNE BUSINESS

UNIVISION COMMUNICATIONS INC.: Expected $500 million senior secured notes; Banc of America Securities LLC and Deutsche Bank Securities Inc., dealer managers for the company's tender for its 7.85% notes, expected to be involved in notes sale; Rule 144A/Regulation S; to fund tender; Los Angeles-based Spanish-language media company; expected June business.

EXPECTED JUNE-JULY BUSINESS

OXFORD INDUSTRIES, INC.: New notes to help fund tend for outstanding 8 7/8% notes due 2011; Banc of America Securities LLC and SunTrust Robinson Humphrey Inc. are the dealer managers for the tender, which expires on July 13 (early consent date June 26); Atlanta-based apparel design, sourcing and marketing company.

ON THE HORIZON

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.

GENERAL MOLY: $540 million to $700 million debt financing including high-yield bonds, leveraged loans and possibly convertibles; Credit Suisse and Barclays, arrangers; 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.

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.

ROADSHOWS

June 11-16: WENDY'S INTERNATIONAL HOLDINGS, LLC. $550 million; Credit Suisse, Citigroup Global Markets Inc., Banc of America Securities LLC

June 16-17: PAETEC HOLDING CORP. $350 million; Banc of America Securities LLC, Deutsche Bank Securities Inc.

Through June 17: RAILAMERICA INC. $700 million; Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Wachovia.

June 15 week: ARDAGH GLASS FINANACE PLC: €300 million; Citigroup.

June 16 through late June 22 week: REAL MEX RESTAURANTS INC. $110 million; Jefferies & Co.


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