High Yield Calendar: $1.365 billion C$550 million being marketed

July 2 Week

XTREME DRILLING AND COIL SERVICES CORP.: $170 million first-lien notes due 2017; Pareto Securities; private; non-callable for two years; to repay bank debt; Calgary, Alta.-based drilling and coiled tubing services provider to oil and natural gas exploration and production companies and integrated oilfield service providers; guidance 8¾% to 9¼%; possible business for July 2 week.

July 9 Week

WOW! INTERNET, CABLE & PHONE (KNOLOGY INC.): $1.02 billion senior notes due 2020 (Caa1/CCC+); Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc., RBC Capital Markets, SunTrust Robinson Humphrey Inc., Bank of Tokyo-Mitsubishi-UFJ Ltd. (joint books); Rule 144A, Regulation S; non-callable for four-years, equity clawback; proceeds along with $2.12 billion credit facility and equity contribution to fund the purchase of Knology; WOW!, an Avista Capital Partners portfolio company, is a Denver-based provider of residential and commercial high-speed internet, cable television and telephone services; roadshow complete; expected to price during July 9 week.

HORSEHEAD HOLDING CORP.: $175 million senior secured notes due 2017 (expected ratings B2/B); Cowen & Co. (lead left bookrunner), CRT Capital Group LLC (allocating book manager); Rule 144A for life; to fund the construction of the company's Rutherford, N.C., plant; Pittsburgh-based Horsehead Holding is the parent company of Horsehead Corp., which produces specialty zinc and zinc-based products and recycles electric arc furnace dust; full roadshow starts July 9 week.

GOLF TOWN CANADA and GOLFSMITH INTERNATIONAL: C$150 million in units of senior second-lien notes due 2017 (B/DBRS B low), 70% to be issued by Golf Town, 30% to be issued by Golfsmith; Scotia Capital Inc., TD Securities Inc. and BMO Capital Markets Corp.(joint); National Bank Financial, Inc., HSBC (co's); Rule 144A in the U.S., private placement in Canada; non-callable for two years; to repay debt, replace existing Golfsmith ABL facility, return capital to shareholders; Markham, Ont.-based Golf Town is owned by Omers Private Equity. Austin, Texas-based Golfsmith, a specialty golf retailer; full roadshow July 9 week.

PARTY CITY HOLDINGS INC.: $700 million notes; Bank of America Merrill Lynch, Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley Senior Funding Inc., Barclays Capital Inc.; also $1.45 billion credit facility scheduled to launch at a July 10 bank meeting; to help fund the buyout of the company by Thomas H. Lee Partners LP in a recapitalization transaction valued at $2.69 billion; Rockaway, N.J.-based designer, manufacturer and distributor of party goods.

STORK TECHNICAL SERVICES HOLDING BV: Expected €345 million senior secured notes with expected seven-year maturity; Goldman Sachs International; to refinance debt; Utrecht, Netherlands-based services provider to the oil and gas industry.

GREAT CANADIAN GAMING CORP.: C$400 million senior notes due 2022; Scotia Capital Inc., HSBC Capital (Canada) Inc. (books); BMO Capital Markets Corp., CIBC World Markets Inc., RBC Capital Markets Corp. (joint lead managers); National Bank Financial Inc. (co); Rule 144A in the U.S., private placement in Canada; non-callable for five years; to repay debt and for general corporate purposes; Richmond, B.C.-based gaming, entertainment and hospitality company; roadshow July 11-17 in Canada and the United States.

Expected July Business

DAVITA INC.: $3.8 billion secured and unsecured debt financing being led by J.P. Morgan Securities LLC; to fund acquisition of HealthCare Partners for approximately $4.42 billion, expected to close early in the fourth quarter of 2012; DaVita is a Denver-based provider of kidney care services.

FRESENIUS SE & CO. KGAA: Approximately €2.1 billion in bonds and €2.7 billion credit facility; Deutsche Bank, JPMorgan, Societe Generale, Credit Suisse and UniCredit; to fund the acquisition of Rhon-Klinikum AG, expected to close during the third quarter of 2012; financing also includes approximately €1 billion through equity instruments; Fresenius is a Bad Homburg, Germany-based provider of dialysis services and products.

HOLOGIC INC.: $500 million unsecured notes and $3.3 billion credit facility led by Goldman Sachs & Co.; to fund the $3.7 billion, $82.75 per share, acquisition of Gen-Probe Inc., expected to close during the second half of 2012; Hologic is a Bedford, Mass.-based developer medical diagnostic systems developer and manufacturer; Gen-Probe is a San Diego-based molecular diagnostics developer and manufacturer.

INTERLINE BRANDS INC.: $678 million senior unsecured bridge loans: $303 million opco bridge and $375 million holdco bridge; also $250 million senior secured asset-based revolver; Goldman Sachs Lending Partners LLC and Bank of America Merrill Lynch; to help fund its acquisition by GS Capital Partners LP and P2 Capital Partners LLC, expected to close by the end of the third quarter of 2012; Jacksonville, Fla.-based distributor and direct marketer of broad-line maintenance, repair and operations products.

KLOCKNER PENTAPLAST: Euro-denominated second-lien senior secured notes; around €255 million in size; Jefferies & Co. is leading $500 million credit facility and is expected to play a key role in the bond offering; proceeds from bond and loan offerings will be used for a recapitalization; Montabaur, Germany, producer of chemical films used in the pharmaceutical, food, medical device, packaging and other industries; launching after the July 4 week.

QR ENERGY, LP and QRE FINANCE CORP.: $300 million senior notes due 2020 (Caa1); Citigroup (left books), Barclays Capital, Credit Agricole CIB, RBC Capital Markets, RBS Securities Inc., Wells Fargo Securities LLC (joint books), Bank of America Merrill Lynch, BMO, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Scotia Capital, BBVA, Capital One, Comerica, TD Securities, Mitsubishi UFJ Securities, US Bancorp (co's); Rule 144A and Regulation S with registration rights; non-callable for four years; 101% poison put; repay debt under the revolver; Houston-based upstream master limited partnership focused on the exploitation of onshore oil and gas field.

On The Horizon

CKX ENTERTAINMENT, INC.: $360 million senior secured second-lien notes due 2019 (/B-/); Goldman Sachs & Co. (left books), Macquarie Group Ltd. (joint books); Rule 144A and Regulation S; non-callable for four years; to fund the purchase of common stock and repay existing credit facility; New York City-based owner and developer of entertainment content; possible business for the first quarter of 2012.

ENERGY TRANSFER EQUITY, LP: $3.2 billion high-yield bonds to help complete the $7.9 billion merger of Energy Transfer and Southern Union Co., including repayment of $3.7 billion of Southern Union debt; Energy Transfer is a Dallas-based oil and gas pipeline company.

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; expected during first quarter of 2012.

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; price talk 10% coupon to yield 12% at an issue price of approximately 90.

MEDIA GENERAL INC.: $225 million minimum senior notes; J.P. Morgan Securities LLC, Bank of America Merrill Lynch (joint); $190 million to be used to repay amounts outstanding under the existing credit facility and a to-be-determined amount will be used to fund a liquidity account (term loan maturity extension announced on March 20 was conditioned upon the company's ability to raise $225 million in the high-yield market by May 25, 2012); Richmond, Va.-based diversified media company.

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.

OPI INTERNATIONAL: $160 million first-lien senior secured notes due 2017; Global Hunter Securities; non-callable for three years; to help fund the acquisition of offshore construction vessels and refinance debt; Houston-based services provider to the offshore oil and gas industry; expected May business.

Roadshows

Starts July 9 week: HORSEHEAD $175 million; Cowen, CRT.

Starts July 9 week: GOLF TOWN/GOLFSMITH: C$150 million; Scotia, TD, BMO.

July 11-17: GREAT CANADIAN GAMING C$400 million; Scotia, HSBC.

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