High Yield Calendar: $1.415 billion and €415 million deals being marketed

FEBRUARY 21 WEEK

NEXEO SOLUTIONS, LLC and NEXEO SOLUTIONS FINANCE CORP.: $200 million senior subordinated notes due 2018 (B3/B-); Bank of America Merrill Lynch, Citigroup Global Markets Inc., Barclays Capital Inc.; callable in three years at par plus ½ coupon; 101% poison put; also $840 million credit facility; to help fund TPG Capital's acquisition of Ashland Inc.'s chemical distribution business for $930 million (to be named Nexeo Solutions); Dublin, Ohio-based distributor of chemicals, plastics and composite raw materials; price talk 8½% to 8¾%; pricing Wednesday.

UNITED REFINING CO.: $350 million first-priority senior secured notes due 2018; Credit Suisse (sole); Rule 144A/Regulation S with registration rights; non-callable for four years; three-year 35% equity clawback; 101% poison put; to fund tender for 10½% senior notes due 2012; Warren, Pa.-based refiner and marketer of petroleum products; roadshow ends late Feb. 21 week, pricing thereafter.

GOODRICH PETROLEUM CORP.: $225 million senior notes due 2019; J.P. Morgan Securities LLC, Jefferies & Co., BMO Nesbitt Burns, BNP Paribas, RBC Capital Markets, Wells Fargo Securities, Bank of America Merrill Lynch (joint), BBVA Securities, Morgan Stanley & Co. Inc. (co's); Rule 144A/Regulation S; non-callable for four years; a portion of proceeds to be placed escrow, to be used to redeem $175 million 3¼% convertible senior notes due 2026 in December 2011, or to repurchase the notes prior to redemption, with any remaining proceeds for general corporate purposes, including funding a portion of 2011 capital expenditures; Houston-based independent oil and gas company active primarily in east Texas and northwest Louisiana; roadshow started Feb. 22; pricing expected Friday.

FOODCORP PTY. LTD.: €415 million senior secured notes due 2018 (B2/B-/); J.P. Morgan Securities LLC, Barclays Capital; Rule 144A/Regulation S; non-callable for three years; to refinance debt, including notes maturing in 2012; Bryanston, South Africa-based manufacturer and distributor of food products; roadshow Feb. 22-25.

FEBRUARY 28 WEEK

CHINOS ACQUISITION CORP. (J. CREW GROUP, INC.): $400 million senior notes due 2019 (Caa1/CCC+); Goldman Sachs & Co., Bank of America Merrill Lynch; Rule 144A with registration rights; non-callable for three years; to help fund the LBO of the company by TPG Capital and Leonard Green & Partners LP; New York-based retailer of clothing and accessories; roadshow Feb. 21 week; pricing expected March 1.

BAKER & TAYLOR: $240 million senior secured notes due 2016; Jefferies & Co. (sole); Rule 144A/Regulation S for life; callable in two years at par plus ½ coupon; to repay debt; Charlotte, N.C.-based distributor of books, video and music products to public and academic libraries; roadshow Feb. 22-March 2.

EXPECTED EARLY 2011 BUSINESS

GALA CORAL GROUP, LTD.: Up to £600 million senior notes with minimum seven-year tenor; Goldman Sachs & Co. and Royal Bank of Scotland expected to be involved; to repay senior secured bank loans; Nottingham, England-based gaming and off-track betting company; expected early 2011 business.

PREMIER FOODS PLC (Ba2/BB/BB): New high-yield bonds; to settle swap agreements, diversify sources of funding and reduce reliance on bank debt; St. Albans, England-based food producer; possibly launching during Feb. 21 week.

SI ORGANIZATION INC.: $175 million senior subordinated notes; J.P. Morgan Securities LLC; to help fund $815 million to help fund Veritas Capital's acquisition of Lockheed Martin Corp.'s Enterprise Integration Group; Valley Forge, Pa.-based provider of engineering, integration services, modeling, simulation, analysis and risk mitigation services to the U.S. intelligence community; possible early 2011 business.

VIKING RIVER CRUISES: Expected $200 million high-yield notes; Credit Suisse; Los Angeles-based river cruise line; possible January business.

CANADIAN SATELLITE RADIO HOLDINGS INC.: (parent company of XM CANADA): about C$150 million of senior notes; to help fund the all-stock merger of equals of XM Canada with Sirius Canada Inc., with a combined enterprise value of about $520 million; indication 9¾% area.

ON THE HORIZON

AMERICAN TOWER CORP.: Expected issue of high-yield notes, as part of a refinancing of bank debt maturing in 2012; Boston-based wireless and broadcast communications infrastructure company.

HUNTINGTON INGALLS INDUSTRIES, INC.: $1.175 billion senior unsecured notes due in 2018, non-callable for three years, and due 2021, non-callable for five years (/B+/BB); to help fund the spin-off of Huntington Ingalls from Northrop Grumman Corp. and to repay debt; Newport News shipbuilding company.

IGATE CORP.: Up to $700 million senior unsecured notes via Rule 144A or other private placement; backed by $700 million bridge loan from Jefferies Finance LLC and Royal Bank of Canada; to help fund the acquisition of a majority stake in Patni Computer Systems Ltd., a Mumbai, India-based information technology services company, expected to close during the first half of 2011; debt financing also includes $50 million revolver; iGate is a Freemont, Calif.-based integrated technology and operations solutions provider.

KINDRED HEALTHCARE INC.: $550 million senior notes; part of debt financing for planned acquisition of RehabCare Group, Inc., expected to close June 30, 2011; also includes $1.3 billion credit facility; J.P. Morgan Securities LLC, Morgan Stanley, Citigroup are lead banks for financing; Kindred Healthcare is a Louisville, Ky.-based health-care services company.

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: Up to $325 million in total principal amount of senior secured notes due 2017; Jefferies & Co. plus others; to partially fund the acquisition of Herley Industries, Inc. for $19.00 per share in cash (tender for shares to begin no later than Feb. 25, 2011 and is subject to extension through June 30, 2011); Kratos is a San Diego-based provider of engineering, IT services and warfighter services.

KRUGER INC.: Up to C$210 million PIK toggle notes (upsized from C$200 million); GMP Securities; project finance; Montreal-based paper products manufacturer.

LODGENET INTERACTIVE CORP.: Possible debt financing that could include bonds; to repay bank debt; Sioux Falls, S.D.-based provider of interactive media and connectivity solutions to the hospitality industry and interactive patient education, information and entertainment systems to health-care facilities; ($435 million six-year senior secured second-lien notes, B3/B/, via Bank of America Merrill Lynch, J.P. Morgan Securities LLC, put on hold Sept. 28 as company announced it is seeking alternatives).

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.

ROADSHOWS

Feb. 21 week: CHINOS ACQUISITION CORP. (J. CREW GROUP, INC.) $400 million; Goldman Sachs & Co., Bank of America Merrill Lynch.

Started Feb. 22: GOODRICH PETROLEUM CORP. $225 million; J.P. Morgan Securities LLC, Jefferies & Co., BMO Nesbitt Burns, BNP Paribas, RBC Capital Markets, Wells Fargo Securities, Bank of America Merrill Lynch.

Ends late Feb. 21 week: UNITED REFINING CO. $350 million; Credit Suisse.

Feb. 22-March 2: BAKER & TAYLOR $240 million; Jefferies & Co.

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