High Yield Calendar: $1.835 billion and €525 million deals being marketed

JUNE 21 WEEK

EC FINANCE PLC (EUROPCAR): €250 million senior secured notes due 2017 (expected ratings B2/B+); JPMorgan, Deutsche Bank Securities (physical books), Credit Agricole CIB, SG CIB (joint books); RBS Securities (co); Rule 144A/Regulation S for life; non-callable for four years; to repay bank debt; Saint Quentin en Yvelines, France-based car rental company; roadshow June 22-24.

HERTZ HOLDINGS NETHERLANDS BV: €275 million senior unsecured notes due 2015 (B1/B); Barclays Capital, JPMorgan (physical books), BNP Paribas, Credit Agricole CIB, Natixis Bleichroeder (joint books); Rule 144A/Regulation S; non-callable for three years; to refinance international fleet debt facilities and Belgian fleet financing facility and for general corporate purposes; Netherlands-based unit of rental car company Hertz Global Holdings, Inc.; roadshow June 22-25

JUNE 28 WEEK

DYNCORP INTERNATIONAL INC.: $455 million senior unsecured notes due 2017 (/B/); Citigroup Global Markets Inc., Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc. (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; to help fund the buyout of the company by Cerberus Capital Management LP and to repay debt; Falls Church, Va.-based government services provider in support of U.S. national security and foreign policy objectives; roadshow June 21-28; investor call noon ET June 22.

BANKRATE, INC.: $280 million senior secured notes due 2015 (B2/B); Jefferies & Co., RBC Capital Markets Corp. (joint); Rule 144A with registration rights; non-callable for three years; to partially finance the acquisition of NetQuote Inc. and the acquisition of CreditCards.com, Inc.; North Palm Beach, Fla.-based internet-based consumer personal finance network; roadshow June 21-30.

CKE RESTAURANTS, INC.: $600 million senior secured second-lien notes due 2018 (B2/B); Morgan Stanley & Co. Inc., Citigroup Global Markets Inc. and RBC Capital Markets Corp. (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; to help fund the buyout of the company by Apollo Global Management, and repay all balances under the existing credit facility; CKE Restaurants is a Carpinteria, Calif.-based owner of Carl's Jr. and Hardee's quick-service restaurant chains; investor call 11 a.m. ET June 23; pricing week of June 28.

DAY TO DAY

CEDAR FAIR, LP/CANADA'S WONDERLAND CO./MAGNUM MANAGEMENT CORP.: $500 million senior unsecured notes due 2020 (B2/B-); JPMorgan, Wells Fargo Securities, UBS Investment Bank (joint), KeyBanc Capital Markets, Fifth Third (co's); Rule 144A/Regulation S with registration rights; non-callable for five years; to repay bank debt; Sandusky, Ohio-based owner and operator of amusement parks; day-to-day.

EXPECTED LATE JULY OR EARLY AUGUST

GENTIVA HEALTH SERVICES INC.: $305 million senior unsecured notes due 2018; Barclays Capital Inc. plus others; also $925 million credit facility; to fund acquisition of Odyssey HealthCare Inc., expected to close in third quarter of 2010, and refinance existing debt; Gentiva is an Atlanta-based home health care provider; late July or early August business.

ON THE HORIZON

CABLEVISION SYSTEMS CORP.: New high-yield bonds as part of approximately $1 billion in bank and bond debt financing to fund the $1.365 billion acquisition of Bresnan Communications, expected to close late 2010 or early 2011; Bank of America Merrill Lynch and Citigroup are the lead banks on the debt; Cablevision is a Bethpage, N.Y.-based telecommunications, media and entertainment company.

CEGEDIM (/BB+/): Bonds expected, size and tenor to be announced following investor meetings mid-to-late May 17 week; Credit Agricole CIB, SG Corporate & Investment Banking; Paris-based health care technology company; roadshow completed.

GENON: Up to $1.9 billion of new senior notes in connection with the formation of GenOn through the merger of Mirant Corp. and RRI Energy Inc., expected to close before 2010 year end; to repay approximately $1.2 billion Mirant debt and $650 million RPI debt; GenOn will be a Houston-based power producer.

HAWKEYE GROWTH LLC (HAWKEYE RENEWABLES): Up to $150 million first-lien notes; PrinceRidge Group; proceeds, along with cash on hand, to refinance debt; Ames, Iowa-based ethanol producer.

INTERACTIVE DATA CORP.: New high-yield bonds and credit facility; Bank of America, Barclays Bank, Credit Suisse and UBS Investment Bank are the lead banks on the financing; to help fund $3.4 billion buyout by Silver Lake and Warburg Pincus, expected to be concluded by the end of the third quarter of 2010; Interactive Data is a Bedford, Mass.-based provider of financial market data.

INVENTIV HEALTH INC.: $275 million senior unsecured notes; also $600 million senior secured credit facility to be led by Citigroup; to fund the acquisition of the company by Thomas H. Lee Partners LP, expected to close in the third quarter of 2010; inVentiv is a Somerset, N.J.-based provider of end-to-end clinical development, launch and commercialization services to the pharmaceutical and health care industries.

RADIO ONE, INC.: $100 million senior notes due 2017 (Caa2/CCC+); to finance the purchase of an increased stake in TV One; also new $400 million credit facility, via Deutsche Bank Securities Inc., launching June 21; Lanham, Md.-based radio broadcaster targeting African American audiences in urban communities.

ROADSHOWS

June 22-24: EC FINANCE PLC (EUROPCAR): €250 million; JPMorgan, Deutsche Bank Securities.

June 22-25: HERTZ HOLDINGS NETHERLANDS BV €275 million; Barclays Capital, JPMorgan, BNP Paribas, Credit Agricole, Natixis Bleichroeder.

June 21-28: DYNCORP INTERNATIONAL INC. $455 million; Citigroup Global Markets Inc., Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc.

June 21-30: BANKRATE, INC. $280 million; Jefferies & Co., RBC Capital Markets Corp.

Pricing June 28 week: CKE RESTAURANTS, INC. $600 million; Morgan Stanley & Co. Inc., Citigroup Global Markets Inc. and RBC Capital Markets Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.