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Published on 8/6/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $825 million deals being marketed

AUGUST 10 WEEK

AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC and ACEP FINANCE CORP.: $375 million five-year senior secured notes; Goldman Sachs & Co. (books); Rule 144A/Regulation S; non-callable for three years; to refinance senior secured term loan from Goldman Sachs; Las Vegas-based casino operator; roadshow started Aug. 3, pricing expected Aug. 10 week.

CLEAN HARBORS, INC.: $250 million senior secured notes due 2016 (Expected: Ba2/BB); Goldman Sachs, Bank of America Merrill Lynch (joint books), Credit Suisse (co); Rule 144A/Regulation S; non-callable for three years; to repay debt; Norwell, Mass., provider of environmental and hazardous waste management services; roadshow started Aug. 3, pricing expected middle of Aug. 10 week.

CPM HOLDINGS, INC.: $200 million senior secured notes due 2014 (B2/B+/); Jefferies & Co.; Rule 144A with registration rights; non-callable for three years; to refinance existing term loan; Waterloo, Iowa-based designer, producer and marketer of process systems, equipment and aftermarket parts and services for the oilseed, animal feed, breakfast cereal and snack food and biofuels processing industries; roadshow July 31-Aug. 12.

THIRD QUARTER

DOLE FOOD CO.: Senior secured notes; during third quarter; proceeds, together with cash on hand and/or borrowings from revolving credit facility, to redeem "the bulk" of 7¼% notes due June 2010; Westlake Village, Calif.-based producer and marketer of fresh fruit and vegetables and a producer of organic bananas.

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.

NEWPAGE CORP.: $595 million (proceeds) senior secured notes due 2014; Goldman Sachs & Co.; Rule 144A/Regulation S; to help fund tender; Miamisburg, Ohio-based coated paper manufacturer; timing of new notes offer to be determined (early tender deadline is July 28); full roadshow not expected.

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.

ONE COMMUNICATIONS CORP.: $275 million first-priority senior secured notes due 2015 (expected B-); Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc.; Rule 144A; non-callable for four years; to repay bank debt; Burlington, Mass.-based privately held regional provider of telecommunications services.

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

July 31-Aug. 12: CPM HOLDINGS, INC. $200 million; Jefferies & Co.

Started Aug. 3: AMERICAN CASINO & ENTERTAINMENT PROPERTIES LLC and ACEP FINANCE CORP.: $375 million; Goldman Sachs & Co.

Started Aug. 3: CLEAN HARBORS, INC.: $250 million; Goldman Sachs, Bank of America Merrill Lynch


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