High Yield Calendar: $2.19 billion deals being marketed

MARCH 1 WEEK

HCA INC.: $1 billion senior secured first-lien notes due September 2020 (expected ratings Ba3/BB); Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Wells Fargo Securities (joint), Credit Agricole, Credit Suisse, Daiwa Securities America Inc., Mizuho Securities USA Inc., Morgan Stanley & Co., RBC Capital Markets Corp., RBS Securities Inc.; Rule 144A; non-callable for five years; to repay a portion of the term loans outstanding under the senior secured credit facility; Nashville-based owner and operator of hospitals and surgery centers; investor call 10:30 a.m. ET on Tuesday, pricing thereafter.

EXPRESS, LLC AND EXPRESS FINANCE CORP.: $200 million senior notes due March 1, 2018; Bank of America Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. Inc. (joint); Rule 144A with registration rights; non-callable for four years; change-of-control put at 101%; proceeds, together with cash on hand, to prepay all Express Topco LLC (indirect parent) term C loans, and fund a distribution to equity holders; Columbus, Ohio-based specialty retail apparel company; price talk 9% area; books close noon ET Tuesday for accounts seeing the deal through Monday, 3:30 p.m. ET for others; pricing Tuesday afternoon.

LEARNING CARE GROUP (US) NO. 2 INC.: $265 million senior secured notes due 2015 (confirmed B2/expected CCC+); Barclays Capital Inc., Wells Fargo Securities, Morgan Stanley & Co. Inc. (joint); Rule 144A for life; non-callable for 2.5 years, with make-whole provision; to refinance term loan and mezzanine loan and for general corporate purposes; Novi, Mich.-based education services company; roadshow Feb. 23-March 2; pricing middle of March 2 week.

PIONEER DRILLING CO.: $250 million senior unsecured notes due 2018 (B3); Bank of America Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities (joint books), BNP Paribas Securities Corp.(joint lead), Comerica Investments, HSBC, Natixis Bleichroeder, Deutsche Bank Securities Inc.; Johnson Rich, Pritchard Capital, Sidoti & Co., Simmons, UBS Investment Bank (co's); Rule 144A/Regulation S; to pay down revolver; San Antonio-based provider of contract land drilling services to independent and major oil and gas operators; roadshow Feb. 24-March 3, pricing thereafter.

ZAYO GROUP LLC and ZAYO CAPITAL, INC.: $225 million first-lien senior secured notes due 2017 (B2); Morgan Stanley & Co. Inc., RBC Capital Markets Corp. (joint), Barclays Capital Inc., Oppenheimer & Co., SunTrust Robinson Humphrey Inc. (co's); non-callable for three years; to pay down bank debt and interest rate swaps and for general corporate purposes; Louisville, Colo.-based provider of telecom and internet infrastructure services; investor call 11 a.m. ET March 2; pricing later in March 1 week.

GARDA WORLD SECURITY CORP.: $250 million and C$75 million senior notes due 2017 (B); UBS Investment Bank (left books), Macquarie Capital (joint books), TD Securities (co); Rule 144A/Regulation S for life; non-callable for four years; to refinance debt and for general corporation purposes; Montreal-based security services provider; roadshow March 1-5.

ON THE HORIZON

ANWORTH MORTGAGE ASSET CORP.: $600 million; Santa Monica, Calif.-based real estate investment trust focusing on mortgage-backed securities and residential mortgage loans

BIOSCRIP INC.: $225 million senior notes, via Jefferies; also $225 million credit facility (/B-/); to help fund acquisition of Critical Homecare Solutions for $343.2 million in cash and stock, expected to close March 31, 2010; BioScrip is an Elmsford, N.Y.-based specialty pharmaceutical health care organization; all in interest on the credit facility and the notes expected to be in the 9% area.

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.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

CEDAR FAIR LP: $1.95 billion financing commitment via JPMorgan, Bank of America, Barclays Capital, UBS and KeyBanc Capital Markets, including $700 million high-yield bonds and $1.25 billion credit facility; to help fund $2.4 billion buyout by Apollo Global Management, expected to close during the second quarter of 2010; Sandusky, Ohio-based amusement-resort operator.

CEVA GROUP PLC: New preferred priority junior secured notes with five-year (minimum) maturity; to extend debt maturities; concurrent with tender offer and consent solicitation for €120 million and $127 million 12% second-priority senior secured notes due 2014 and $400 million 10% second-priority senior secured notes due 2014, via dealer manager Credit Suisse, early consent date March 9, 2009; logistics and supply chain management company based in Hoofddorp, the Netherlands.

INFORMA GLOBAL MARKETS: High-yield notes (Ba2/BB), size to be determined; JPMorgan; London-based real-time capital markets information services provider; originally scheduled as early September business, pending market conditions.

SITEL CORP.: $300 million senior unsecured notes (Caa2); to pay down bank debt; deal hinges on amendment to modify covenants of the existing credit agreement, as well as market conditions; Nashville, Tenn.-based business outsourcing services provider, previously known as ClientLogic.

ROADSHOWS

Feb. 23-March 1: EXPRESS, LLC AND EXPRESS FINANCE CORP. $200 million; Bank of America Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. Inc.

Feb. 23-March 2: LEARNING CARE GROUP (US) NO. 2 INC. $265 million; Barclays Capital Inc., Wells Fargo Securities, Morgan Stanley & Co. Inc.

Feb. 24-March 3: PIONEER DRILLING CO. $250 million; Bank of America Merrill Lynch, Goldman Sachs & Co., Wells Fargo Securities

Pricing March 1 week: ZAYO GROUP LLC and ZAYO CAPITAL, INC. $225 million; Morgan Stanley & Co. Inc., RBC Capital Markets Corp.

March 1-5: GARDA WORLD SECURITY CORP. $250 million and C$75 million; UBS Investment Bank

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