High Yield Calendar: $1.2 billion and €250 million deals being marketed

June 10 Week

IRONGATE ENERGY SERVICES, LLC: $180 million five-year senior secured notes; Jefferies LLC (sole); Regulation D private placement (to be automatically exchanged into Rule 144A and Regulation S notes upon closing); callable after two years at par plus 75% of the coupon; to fund the LBO of Archer Rental Tubular Division from Archer Ltd. by Clearlake Capital Group; provider of rental and tubular services to energy exploration and production operators; price talk 11½% yield, including about 2 points of OID.

June 17 Week

NATIONAL FINANCIAL PARTNERS CORP.: $337 million eight-year senior notes (Caa2/CCC+); Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Credit Suisse Securities (USA) LLC, MCS Capital, RBC Capital Markets; non-callable for three years; to help fund the buyout of the company by Madison Dearborn Partners LLC; New York-based provider of benefits, insurance and wealth management services; roadshow started June 12; pricing expected June 19.

TECH FINANCE & CO. SCA (TECHNICOLOR): $330 million of senior secured notes due 2020 (expected ratings B3/B); J.P. Morgan Securities LLC, Goldman Sachs & Co., Morgan Stanley & Co. LLC (joint); Rule 144A and Regulation S; callable in three years at par plus 50% of the coupon; proceeds, along with concurrent €250 million and $645million pari passu term loan offering, to refinance existing debt via the concurrent tender offer and consent solicitation; Paris-based media and entertainment technology company; roadshow started June 13; pricing expected June 21.

ALTICE GROUP: €250 million senior notes due 2023; Goldman Sachs, Morgan Stanley (active books), Credit Agricole CIB, Credit Suisse, Deutsche Bank (passive books); Rule 144A and Regulation S; to refinance debt and fund acquisitions; Altice operates Hot Mobile, a wireless telecommunications company in Israel, and Israeli cable television company Hot; marketing began June 12.

PACNET LTD.: $350 million senior secured notes due 2018 (B2//BB); Deutsche Bank, Goldman Sachs, Standard Chartered Bank, DBS Bank (joint); Rule 144A and Regulation S for life; non-callable for three years; to fund the tender offer for its 9¼% senior secured guaranteed notes due 2015 and for general corporate purposes; telecommunications services provider based in Hong Kong and Singapore; roadshow starts June 17; pricing June 17 week.

On The Horizon

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.

BMC SOFTWARE: $1.68 billion equivalent senior notes including up to €500 million equivalent; also $4.55 billion senior secured credit facility; bridge loan commitments from Credit Suisse, RBC Capital Markets and Barclays; to help fund the acquisition of BMC by Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd. and Insight Venture Partners, expected to close during 2013; Houston-based software company.

DELL INC. $3.25 billion secured notes: $2 billion first-lien notes and $1.25 billion second-lien notes; also $7.5 billion credit facility; BofA Merrill Lynch, Barclays, Credit Suisse Securities (USA) LLC, RBC Capital Markets; to help fund the acquisition of the company by Michael Dell and Silver Lake, expected to close at the end of the second quarter of 2013; Round Rock, Texas-based provider of technology and business products and services.

FTS INTERNATIONAL, INC.: $400 million secured notes to repay term loan; company is soliciting consents from holders of its 7 1/8% notes due 2018 to amendments to the indenture governing the notes; BofA Merrill Lynch and Citigroup Global Markets Inc. are the solicitation agents; provider of well completion services for the oil and gas industry with corporate offices in Fort Worth and Cisco, Texas.

GARDNER DENVER INC.: New senior notes backed by a bridge loan; Deutsche Bank Securities Inc., UBS Securities LLC, Barclays, Citigroup Global Markets Inc., RBC Capital Markets, Mizuho Corporate Bank Ltd., KKR Capital Markets; to help fund its purchase by Kohlberg Kravis Roberts & Co. LP, expected to close in the third quarter of 2013; Wayne, Pa.-based manufacturer of industrial compressors, blowers, pumps, loading arms and fuel systems.

GLOBALIVE WIRELESS MANAGEMENT CORP.: Up to $1 billion equivalent in U.S. dollar- and Canadian dollar-denominated notes; Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BMO Capital Markets Corp.; Rule 144A; to fund expansion of its wireless network and for general corporate purposes; Toronto-based wireless communications services provider.

GREENFIELD ETHANOL INC.: C$175 million of five-year senior second-lien notes (/B+//DBRS: B); Scotia Capital Inc. (lead); Macquarie Capital Markets Canada Ltd., Societe Generale (Canada) and TD Securities Inc. (co-managers); non-callable for three years, 101% change-of-control put; equity clawback for up to 35% in first three years; Canada call at 50 bps over Canadian government benchmark; guarantors GreenField Ethanol (Johnstown) Inc.; GreenField Ethanol (Hensall) Inc.; GreenField Hensall LP; GreenField Hensall GP Inc.; Pharmco Products Inc.; Aaper Alcohol and Chemical Co., Aaper Holdings Inc.; GreenField Ethanol of Quebec Inc. and all future restricted subsidiaries of GreenField.; proceeds to repay debt, to terminate existing interest rate swap agreements and for general corporate purposes; Ontario-based GreenField Ethanol is Canada's largest ethanol company.

M&G FINANCE CORP.: $200 million to $300 million senior secured notes due 2019 (expected B3//BB), downsized from $500 million; J.P. Morgan Securities LLC (sole); Rule 144A and Regulation S for life; non-callable (call protection increased from four years); to finance construction of new PET and PTA production facilities, pay back intercompany debt and fund working capital; Houston-based Mossi & Ghisolfi (M&G) produces polyethylene terephthalate (PET) resin for packaging applications.

NAL OIL & GAS: C$150 million to C$250 million notes; RBC Capital Markets, BMO Nesbitt Burns; Calgary, Alta., trust acquires interests in Canada's upstream conventional oil and gas industry.

NIELSEN HOLDINGS NV: $1.3 billion bridge, most or all to be taken out with high-yield bonds, to fund its acquisition of Arbitron Inc.; J.P. Morgan Securities LLC; Nielsen is a New York and Netherlands-based provider of information and insights into what consumers watch and buy; Arbitron is a Columbia, Md.-based media and marketing research firm.

PETAQUILLA MINERALS LTD.: Possible second-lien notes, size to be determined, as part of an approximately $210 million debt financing that will include between $90 million and $140 million of first-lien bank debt; Global Hunter Securities; to refinance debt and to finance capital expenditures related to the Lomero-Poyatos mine in Spain; Vancouver, B.C.-based copper exploration company; the financing was previously in the market as a single $210 million tranche of five-year senior secured notes, announced in July 2012; possible 2013 business.

PINNACLE ENTERTAINMENT INC.: $315 million senior notes and $2.73 billion credit facility in a financing led by J.P. Morgan Securities LLC and Goldman Sachs Lending Partners LLC; to fund the acquisition of Ameristar Casinos Inc., expected to close in the third quarter of 2013; Pinnacle is a Las Vegas-based casino gaming company.

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.

TDF GROUP (TELEFFUSION DE FRANCE): Euro-denominated high-yield bonds; BNP Paribas expected to be involved; to refinance debt; Paris-based multiple-platform telecommunications company.

VALEANT PHARMACEUTICALS INC. $9.275 billion bridge loan (50% matures in eight years and 50% matures in 10 years); Goldman Sachs; to help finance the acquisition of Bausch + Lomb, expected to close in the third quarter of 2013, and repay Bausch + Lomb debt; Valeant is a Laval, Quebec-based specialty pharmaceutical company. Bausch + Lomb is a Rochester, N.Y.-based eye health.

Roadshows

Started June 12: NATIONAL FINANCIAL $337 million; Deutsche Bank, Morgan Stanley, UBS, Credit Suisse, MCS, RBC.

Started June 12: ALTICE €250 million; Goldman Sachs, Morgan Stanley, Credit Agricole, Credit Suisse, Deutsche Bank.

Started June 13: TECHNICOLOR $330 million; JPMorgan, Goldman Sachs, Morgan Stanley.

Starts June 17: PACNET $350 million; Deutsche Bank, Goldman Sachs, Standard Chartered, DBS.

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