High Yield Calendar: $1.20 billion, €180 million and ¥60 billion deals being marketed

JUNE 1 WEEK

IFCO SYSTEMS NV: €180 million senior secured notes due 2016 (BB-); Deutsche Bank Securities Inc.; to pay back IFCO's existing bond, the 10 3/8% guaranteed senior secured notes due 2010 and to pay down the existing revolving credit facility; bonds to be listed on Luxembourg Stock Exchange; Amsterdam-based logistics provider; books closed noon London time on Thursday.

WESTERN REFINING INC.: $600 million senior secured notes due 2017 (B3/BB-); Banc of America Securities LLC, Goldman Sachs & Co., RBS Securities Inc., Wachovia Securities LLC (joint), BBVA Securities Inc., BNP Paribas Securities Corp., Capital One Southcoast, Comerica Investments, Natixis Bleichroeder (co's); Rule 144A; non-callable for four years; to repay term loan; El Paso, Texas-based independent crude oil refiner; price talk 12½% to 12¾% with about 8 points OID; books close Friday 11 a.m. ET.

HOLLY CORP.: $200 million senior unsecured notes due 2017 (B1/BB); UBS Investment Bank (left lead), Banc of America Securities LLC, Goldman Sachs & Co. (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; to fund acquisition and for general corporate purposes; Dallas-based independent energy refiner; price talk 10¼% to 10½% with 2 points to 3 points of OID; books close 10:30 a.m. ET Friday, pricing thereafter.

JUNE 8 WEEK

WALLACE THEATER HOLDINGS INC.: $150 million senior secured notes due 2013; Jefferies & Co.; Rule 144A; non-callable for two years; two-year 35% equity clawback; change-of-control put at 101%; to repay outstanding debt under the existing credit facilities and for general corporate purposes; Portland, Ore.-based motion picture exhibitor; roadshow, started June 1, is scheduled to run until the middle of the June 8 week.

PENN VIRGINIA CORP.: $250 million senior notes due 2016 (BB-); J.P. Morgan Securities Inc. (lead-left), Banc of America Securities LLC, Wachovia Securities LLC, Barclays Capital Inc. (joint), BNP Paribas Securities Corp., RBC Capital Markets Corp. (senior co's), Capital One Southcoast, PNC Capital Markets LLC, UBS Investment Bank (co's); SEC registered; non-callable for four years; for general corporate purposes, possibly including additions to working capital, debt refinancing and funding capital expenditures and acquisitions; Radnor, Pa., independent oil and gas company; roadshow June 4-10, investor call 12:30 p.m. ET June 8; pricing after roadshow.

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; Credit Suisse and Barclays, arrangers; 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.

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.

ROADSHOWS

Started June 1: WALLACE THEATER HOLDINGS INC. $150 million; Jefferies & Co.

June 2-4: WESTERN REFINING INC. $600 million; Banc of America Securities LLC, Goldman Sachs & Co., RBS Securities Inc., Wachovia Securities LLC.

June 2-4: HOLLY CORP. $200 million; UBS Investment Bank.

June 4-10: PENN VIRGINIA CORP. $250 million; J.P. Morgan Securities Inc.

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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