High Yield Calendar: $1.275 billion and ¥60 billion deals being actively marketed

MAY 25 WEEK

VERSO PAPER CORP.: $325 million senior secured notes due 2014; Credit Suisse, Citigroup (joint); Rule 144A/Regulation S; to repay $252.9 million outstanding under its senior secured term loan; Memphis-based supplier of coated papers; price talk 11½% coupon at approximately 8 points of OID to yield 13¾%; pricing expected Thursday.

TEREX CORP.: $300 million senior notes due 2016; Credit Suisse, UBS Investment Bank and Citigroup; SEC registered; non-callable for four years; also $150 million convertibles and 1.65 million common shares; to pay down its senior credit facility and for general corporate purposes; Westport, Conn.-based manufacturer of heavy equipment for construction; pricing expected Thursday.

VIRGIN MEDIA FINANCE PLC: $650 million equivalent senior notes due 2016 in dollar- and euro-denominated tranches; J.P. Morgan, Deutsche Bank, Goldman, Sachs & Co., RBS, BNP Paribas, HSBC, Calyon Securities, Crédit Agricole CIB (joint), Fortis Securities LLC, Lloyds TSB Corporate Markets, Barclays Capital, UBS Investment Bank (co's); SEC registered; non-callable for four years; to prepay a portion of the outstanding A and B tranches under the senior credit facility; New York City-based media company; investor call Thursday; pricing expected Friday.

EARLY JUNE BUSINESS

SOFTBANK CORP.: ¥60 billion 5.1% two-year unsecured bonds (existing Ba2/existing BB//confirmed BBB from the Japan Credit Rating Agency) to be priced at par; Mizuho Securities Co., Ltd., Daiwa Securities SMBC Co. Ltd., SBI Securities Co., Ltd.; to repay debt; Tokyo-based telecom; to be marketed May 27 to June 9; settlement expected June 11.

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; 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; 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.

ROADSHOW

Offered May 27-June 9: SOFTBANK CORP.: ¥60 billion; Mizuho Securities Co., Ltd., Daiwa Securities SMBC Co. Ltd., SBI Securities Co.

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