High Yield Calendar: $1.57 billion and €1.28 billion deals being marketed

Nov. 4 Week

WELLCARE HEALTHPLANS INC.: $600 million seven-year senior notes (existing ratings Ba2/BB); Goldman Sachs & Co., J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc. (joint), Barclays, BofA Merrill Lynch, Mitsubishi UFJ Securities, Wells Fargo Securities LLC (co's); non-callable for three years; to repay and terminate its existing senior secured credit agreement and for general corporate purposes, including organic growth opportunities and potential acquisitions; roadshow through Nov. 6, pricing thereafter.

ALBEA: $150 million five-year senior secured PIK toggle notes (expected ratings Caa2/CCC+); JPMorgan, BofA Merrill Lynch (joint); non-callable for one year; to fund a dividend; Gennevilliers, France-based personal care products company; investor call Nov. 5; pricing Wednesday.

MARCOLIN SPA: €200 million six-year senior secured notes; Goldman Sachs International (bill and deliver, joint bookrunner), Banca IMI, Natixis, UniCredit, IKB (joint books); non-callable for three years; to fund the acquisition of VIVA International from HVHC; Milan, Italy eyewear company; roadshow during the Nov. 4 week.

SBB/TELEMACH GROUP: €475 million seven-year senior secured notes; Credit Suisse (bill and deliver, global coordinator), BNP Paribas, Citigroup (global coordinators), ING, KKR (joint books); to help fund the acquisition of the company by Kohlberg Kravis Roberts; Kragujevac, Serbia-based cable television and broadband internet service provider; roadshow through Nov. 7.

RIALTO HOLDINGS, LLC and RIALTO CORP. (RIALTO MORTGAGE FINANCE, LLC): $250 million senior notes due 2018 (expected ratings B2/B); Wells Fargo Securities LLC (left books), J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. (joint books); Rule 144A and Regulation S for life; non-callable for two years; to provide working capital to Rialto Mortgage Finance (RMF), to repay sums that were advanced by Lennar to enable RMF to begin originating and securitizing loans, and make investments in funds or entities managed or advised by Rialto Capital or its subsidiaries; Miami, Fla.-based commercial real estate investment, investment management, and finance company; investor call 12:30 p.m. ET Nov. 5; pricing late Nov. 4 week.

TOWNSQUARE RADIO, LLC and TOWNSQUARE RADIO, INC.: $136.8 million add-on to 9% senior notes due April 1, 2019 (existing ratings B3/B); RBC Capital Markets (left books), SunTrust Robinson Humphrey Inc. (joint books); Rule 144A and Regulation S for life; to partially finance the proposed acquisition of 50 radio stations from Cumulus Media Holdings, Inc. and 11 radio stations from Peak II Holding LLC; Greenwich, Conn.-based diversified media, entertainment and digital marketing services company that owns and operates market leading radio stations, digital properties and live events serving small and mid-sized markets throughout the United States; original $265 million priced at 99 to yield 9.197% in March 2012; roadshow starts Nov. 6; pricing Nov. 8.

UNIVEG HOLDING BV: €265 million seven-year senior secured notes; Jefferies LLC, Petercam SA, KBC Bank (joint); Rule 144A and Regulation S for life; non-callable for three years; to repay debt and general corporate purposes; Belgium-based vertically integrated sourcer and supplier of high-quality fresh fruits and vegetables; roadshow started Nov. 4; pricing at the end of the Nov. 4 week.

BEVERAGES & MORE, INC.: $180 million five-year senior secured notes; Jefferies LLC (sole arranger); Rule 144A and Regulation S for life; non-callable for two years (callable at par plus 50% of the coupon in year three); to refinance debt; Concord, Calif.-based retailer of beer, wine, spirits and related products; global investor call at 12:30 p.m. ET Wednesday; pricing this week.

CBC AMMO: $250 million eight-year senior notes: Deutsche Bank (books); Rule 144A for life; non-callable for four years; repay debt, fund an acquisition and fund a sponsor dividend; Sao Paulo, Brazil-based ammunition manufacturer; investor call Nov. 5; roadshow Nov. 4-8.

GCS HOLDCO FINANCE I SA (GLOBAL CLOSURE SYSTEMS): €335 million senior secured notes due 2018 (expected ratings B2/B); Credit Suisse (sole physical books, bill and deliver), BNP Paribas, Commerzbank, Goldman Sachs, KKR (joint books); Rule 144A and Regulation S for life; non-callable for two years; to refinance debt; Paris-based manufacturer of closure and dispensing systems for consumer products; roadshow Nov. 5-8.

Expected November Business

ALCATEL-LUCENT: $750 million high-yield notes; also €955 million rights issue and €500 million revolver; BofA Merrill Lynch, Credit Agricole, Deutsche Bank, Citigroup, JPMorgan, Goldman Sachs, HSBC, Morgan Stanley, Natixis; to refinance debt; telecommunications equipment company based in New York and Paris; bonds expected this week.

GOOD SAM ENTERPRISES LLC: New high-yield notes; to fund the tender for the 11½% senior secured notes due 2016, via dealer manager Goldman Sachs & Co., early deadline Nov. 19; Lincolnshire, Ill.-based specialty retailer of RV-related products and a member-based direct marketing organization targeting recreational vehicle owners and outdoor enthusiasts.

GATEWAY CASINOS & ENTERTAINMENT LTD.: C$220 million second-priority senior secured notes; TD Securities; also $340 million credit facility which launched on Nov. 5; to help refinance existing debt, including C$170 million of 8 7/8% second-priority senior secured notes due 2017 and fund a dividend; Burnaby, B.C.-based owner of gaming properties.

On The Horizon

BRAND ENERGY & INFRASTRUCTURE SERVICES INC.: $550 million senior notes; Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs Bank USA, UBS Investment Bank help fund its acquisition by Clayton, Dubilier & Rice from First Reserve and merger with an infrastructure business that is being bought from Harsco Corp.; Atlanta-based provider of specialized industrial services to the energy and infrastructure sectors; deal expected to come before the end of the year.

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.

COMMUNITY HEALTH SYSTEMS INC. $4.58 billion bridged debt: $2.205 billion senior secured and $2.375 billion senior unsecured; BofA Merrill Lynch, Credit Suisse Securities (USA) LLC; to help fund its acquisition of Health Management Associates Inc., expected to close in the first quarter of 2014; Community Health is a Nashville, Tenn.-based hospital company. Health Management is a Naples, Fla.-based owner and manager of hospitals and ambulatory surgery centers.

DARLING INTERNATIONAL INC.: $1.3 billion bridge loan; also $2.55 billion credit facility via J.P. Morgan Securities LLC and Goldman Sachs Bank USA; to help fund the acquisition of Vion Ingredients, expected to close in January 2014; Darling is an Irving, Texas-based provider of rendering, recycling and recovery solutions to the food industry; Vion Ingredients is a Son en Breugel, the Netherlands-based developer and producer of specialty ingredients from animal origin for applications in pharmaceuticals, food, feed, pet food, fertilizer and bio-energy.

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.

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.

IONA ENERGY CO. (UK) LTD. (IONA ENERGY INC.): $250 million to $300 million callable senior secured bonds; Pareto Securities; to refinance credit facility, of which approximately $139 million is drawn, and to partially retire its existing structured energy derivative transaction, also to fund the delivery of its Orlando and Kells projects to first oil, as well as mature and accelerate its other pipeline of development opportunities; Calgary, Alta.-based oil and gas exploration, development and production company focused on oil and gas development in the United Kingdom's North Sea.

JARDEN CORP.: $795 million bonds and bank loans, sizes to be determined; to help fund its acquisition of Yankee Candle Investments LLC from Madison Dearborn Partners LLC for $1.75 billion in cash, expected to close early in the fourth quarter of 2013; Jarden is a Rye, N.Y.-based provider of consumer products; Yankee Candle is a South Deerfield, Mass.-based designer, manufacturer, wholesaler and retailer of scented candles.

JOS. A BANK CLOTHIERS INC.: Possible $1.9 billion senior notes and term loan borrowings; to help fund the acquisition of the the Men's Wearhouse Inc. (Men's Wearhouse rejected a $48 per share bid from JoS. A Bank Clothiers on Oct. 9, 2013); JoS. A. Bank is a Hampstead, Md.-based designer, manufacturer and retailer of men's clothing, sportswear, footwear and accessories.

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.

ORIONSTONE PTY LTD.: $200 million seven-year secured notes (B3/B); non-callable for three years; Rule 144A for life; Morgan Stanley & Co. LLC bookrunner; proceeds to repay debt; Mackay, Australia-based supplier of heavy earthmoving rental equipment to the infrastructure, oil, gas and mining industries; expected September business.

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.

U.S. XPRESS ENTERPRISES, INC.: $250 million senior secured second-lien notes due 2020 (Caa1/B-); Wells Fargo Securities LLC (left books), Morgan Stanley & Co. LLC (joint books), Regions Securities LLC (co); Rule 144A and Regulation S with registration rights; callable in three years at par plus 75% of the coupon; to repay the existing senior secured credit facility, receivable securitization facility and other debt; Chattanooga, Tenn.-based truckload carrier and a diversified provider of truckload, intermodal and logistics services; price talk 9½% to 9¾%.

WEYERHAEUSER REAL ESTATE CO. (WRECO): New senior unsecured notes; to help fund the merger with TRI Pointe Homes in a transaction valued at approximately $2.7 billion, anticipated to close in the second quarter of 2014 (a portion of the proceeds to be paid to Weyerhaeuser at closing); Wreco is the homebuilding subsidiary of Federal Way, Wash.-based Weyerhaeuser Co.

Roadshows

Pricing Nov. 6: ALBEA $150 million; JPMorgan, BofA Merrill Lynch.

Nov. 4 week: MARCOLIN €200 million; Goldman Sachs, Banca IMI, Natixis, UniCredit, IKB.

Pricing Nov. 4 week: BEVERAGES & MORE $180 million; Jefferies.

Pricing late Nov. 4 week: RIALTO $250 million; Wells Fargo, JPMorgan, Deutsche Bank.

Nov. 4-8: CBC AMMO $250 million: Deutsche Bank.

Through Nov. 6: WELLCARE HEALTHPLANS $600 million; Goldman Sachs, JPMorgan, SunTrust.

Through Nov. 7: SBB/TELEMACH GROUP €475 million; Credit Suisse, BNP, Citigroup, ING, KKR.

Started Nov. 4: UNIVEG €265 million; Jefferies, Petercam, KBC.

Started Nov. 5: GLOBAL CLOSURE SYSTEMS €335 million; Credit Suisse, BNP, Commerzbank, Goldman Sachs, KKR.

Starts Nov. 6: TOWNSQUARE RADIO $136.8 million; RBC, SunTrust.

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