High Yield Calendar: $6.6 billion, €150 million and C$150 million deals being marketed

SEPTEMBER 13 WEEK

HUNTSMAN INTERNATIONAL LLC: $350 million 10.5-year senior subordinated notes (expected ratings B3/CCC+); Goldman Sachs & Co. (left lead), Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities, HSBC, J.P. Morgan Securities Inc. (joint); Rule 144A/Regulation S with registration rights; non-callable for five years; to fund the tender for a portion of company's existing 7 7/8% senior subordinated notes due 2014 and the euro-denominated 6 7/8% notes; chemical company base in the Woodlands, Texas; price talk 8¾% area; pricing Tuesday.

ZAYO GROUP, LLC and ZAYO CAPITAL, INC.: $100 million add-on to the 10¼% first-lien senior secured notes due March 15, 2017 (expected ratings B2/B-); Morgan Stanley & Co. Inc., RBC Capital Markets Corp., SunTrust Robinson Humphrey Inc. (joint), Barclays Capital Inc., Oppenheimer & Co. (co's); make-whole call at Treasuries plus 50 bps until March 15, 2013, then callable at 105.125; proceeds, as well as a $35 million draw on an equity commitment from the shareholders of the ultimate parent, CII, to fund acquisition of American Fiber Systems and for general corporate purposes; company provides bandwidth infrastructure services over its regional, metro fiber and fiber to the tower networks that span 141 markets and 23 states; original $250 million issue priced at 98.779 to yield 10½% on March 5, 2010; add-on to price Tuesday.

ARMTEC HOLDINGS LTD.: C$150 million senior unsecured notes due 2017 (/B/); Scotia Capital, TD Securities; for general corporate purposes and to repay Armtec group debt, including a portion of its senior secured debt; also $250 million revolver; manufacturer and marketer of industrial infrastructure products and engineered construction solutions; roadshow Sept. 8-13.

RAAM GLOBAL ENERGY CO.: $150 million senior secured notes (decreased from $200 million); Global Hunter Securities, Knight Capital Markets (joint); to repay bank debt and for general corporate purposes; Lexington, Ky.-based oil and gas company; roadshow expected during Sept. 13 week; pricing expected Sept. 17.

ALERE INC.: $350 million senior subordinated notes due 2018 (expected ratings B3/B-); Jefferies & Co., Goldman Sachs & Co., Citigroup Global Markets Inc. (joint), BMO Nesbitt Burns, Leerink Swann (co's); Rule 144A with registration rights; non-callable for four years; for working capital and general corporate purposes; Waltham, Mass.-based medical products and services company; roadshow Sept. 14-15; pricing Sept. 16.

BRIGHAM EXPLORATION CO.: $250 million senior notes due 2018; Credit Suisse, Bank of America Merrill Lynch (joint); Rule 144A with registration rights; non-callable for four years; change-of-control put at 101%; to refinance existing 9 5/8% senior notes due 2014; Austin, Texas-based oil and gas exploration company; pricing expected during Sept. 13 week.

GENON ENERGY: $1.4 billion senior notes due in 2018 and 2020, tranche sizes to be determined (B3/B); J.P. Morgan Securities Inc., Credit Suisse Securities, Deutsche Bank Securities Inc., Goldman Sachs & Co. Morgan Stanley & Co. Inc.; to refinance $1.2 billion of debt at Mirant Corp. and $650 million of debt at RRI Energy Inc. in connection with the merger of Mirant and RRI; GenOn will be a Houston-based power producer; pricing Friday.

VISANT HOLDING CORP. and VISANT CORP.: $750 million senior notes due 2017; Goldman Sachs & Co., Credit Suisse Securities; also $1.425 billion credit facility; to help fund tender offers for its 10¼% senior discount notes due 2013, 8¾% senior notes due 2013 and 7 5/8% senior subordinated notes due 2012, and fund a dividend payment; Armonk, N.Y.-based marketing and publishing services enterprise; roadshow Sept. 13 week.

VALEANT PHARMACEUTICALS INTERNATIONAL INC.: $1 billion senior notes (B1); Goldman Sachs & Co., Morgan Stanley & Co. Inc., Jefferies & Co.; Rule 144A/Regulation S; to help fund merger with Biovail Corp.; also $1.875 billion credit facility; Mississauga, Ont., specialty pharmaceutical company; roadshow starts Sept. 15.

PROQUEST LLC and PROQUEST NOTES CO.: $250 million unsecured notes due 2018; Morgan Stanley & Co. Inc., Bank of America Merrill Lynch, Jefferies & Co. (joint); SunTrust Robinson Humphrey Inc. (co); Rule 144A for life; non-callable for four years; $93 million proceeds to repay term loan advances under the existing first-lien credit facility and about $60 million to repay second-lien credit facility, also to make a distribution of up to $50 million to the direct parent, CSA, which will in turn pay a dividend to ProQuest Holdings, the company's indirect parent, remaining $35 million for general corporate purposes, including working capital and capital expenditures, or to strategically acquire or invest in companies, assets and technologies; Ann Arbor, Mich.-based electronic publisher and microfilm publisher; investor call 11 a.m. ET Sept. 13; pricing late Sept. 13 week.

CELANESE US HOLDINGS LLC (CELANESE CORP.): $400 million senior unsecured notes due 2018; Deutsche Bank Securities Inc., Bank of America Merrill Lynch; Rule 144A/Regulation S; to retire existing senior secured credit facility; Dallas-based chemical company; expected to launch during Sept. 13 week.

SEPTEMBER 20 WEEK

TOMKINS PLC via PINAFORE, LLC and PINAFORE, INC. $1.6 billion: $600 million senior secured first-lien notes due 2017, and $1 billion senior secured second-lien notes due 2018; Bank of America Merrill Lynch, Citigroup, Barclays Capital, RBC Capital Markets, UBS Investment Bank; Rule 144A with registered rights; both tranches non-callable for four years (special call: 10% of issue callable at 103 during first three years); 101% change-of-control put; to help finance LBO of the company by the Canada Pension Plan Investment Board and Onex Corp.; London-based manufacturer of automotive, building and industrial products; roadshow Sept. 13-20; pricing Sept. 21.

DURR AG: €150 million 7¼% unsubordinated notes due 2015 (B2/B), to be issued at par; Close Brothers Seydler Bank AG (books), Solventis Wertpapierhandelsbank GmbH (sub-underwriter); private placement; to redeem 9¾% notes due July 15, 2011 at par, in November; Bietigheim-Bissingen, Germany-based holding company providing, through its subsidiaries, equipment, systems and services mainly for automobile and aircraft industries; roadshow Sept. 13-24.

EXPECTED SEPTEMBER BUSINESS

BURGER KING HOLDINGS INC.: Expected $900 million bonds to help fund LBO by 3G Capital, expected to close during fourth quarter of 2010; J.P. Morgan Securities Inc., Barclays Capital Inc.; also $1.9 billion credit facility to launch at Sept. 14 bank meeting; Miami-based fast food hamburger chain.

ABITIBIBOWATER INC.: $750 million notes; Citigroup, Barclays Capital; also bank debt including expected $600 million revolver, to be launched at Sept. 7 bank meeting; to help fund exit from Chapter 11 bankruptcy; pulp and paper manufacturer based in Montreal, filed bankruptcy on April 16, 2009; September business.

NBTY INC.: $900 million of senior unsecured notes; Bank of America Merrill Lynch, with Barclays Capital Inc. and Credit Suisse; also new credit facility; to help fund the $3.8 billion LBO of the company by the Carlyle Group; Ronkonkoma, N.Y.-based manufacturer and marketer of nutritional supplements; expected late September or early October business.

ON THE HORIZON

AIR MEDICAL GROUP HOLDINGS: New notes and ABL revolver; Bank of America Merrill Lynch, Barclays Capital, Citigroup, Morgan Stanley; to fund proposed recapitalization, expected to close during the third or fourth quarter of 2010; Boca Raton, Fla.-based provider of air medical services.

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.

EVERTEC: $225 million notes; Bank of America Merrill Lynch, Morgan Stanley; also $400 million credit facility which launches at a Aug. 5 bank meeting; to help fund Apollo Management LP's acquisition of 51% of Evertec from Popular Inc., expected to close third quarter of 2010; San Juan, Puerto Rico-based transaction processing company, serving the Caribbean and Latin America.

GRAHAM PACKAGING CO. INC.: $250 million senior unsecured notes (downsized from $300 million); Citigroup Global Markets Inc., Deutsche Bank Securities Inc.; also $350 million term loan D (upsized from $300 million); to fund $568 million acquisition of Liquid Container LP, expected to close before the end of 2010; York, Pa.-based packaging company.

GRIFOLS SA: $1.1 billion high-yield notes; also $3.4 billion credit facility (Ba3/BB) via Deutsche Bank, Nomura, BBVA, BNP Paribas, HSBC and Morgan Stanley, expected to launch during July 2010; to help fund the company's acquisition of Talecris Biotherapeutics Holdings Corp.; Grifols is a Barcelona, Spain-based health care company and producer of plasma protein therapies. Talecris is a Research Triangle Park, N.C.-based biotherapeutics products company.

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.

PAETEC HOLDING CORP.: $420 million senior secured notes; Deutsche Bank, Bank of America Merrill Lynch; to help fund the acquisition of Cavalier Telephone Corp. from M/C Venture Partners, expected to close in late 2010 or early 2011; Paetec is a Fairport, N.Y.-based provider of business communications.

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.; Lanham, Md.-based radio broadcaster targeting African American audiences in urban communities.

REYNOLDS GROUP HOLDINGS LTD. $3.5 billion: $2 billion senior secured notes and $1.5 billion senior unsecured notes; Credit Suisse, HSBC and Australia New Zealand Banking Group; to help finance the acquisition of Pactiv Corp., financing also includes $1.5 billion credit facility, bank meeting Sept. 13 week; Reynolds is a Chicago-based manufacturer and supplier of consumer food and beverage packaging and storage products.

ROADSHOWS

Sept. 8-13: ARMTEC HOLDINGS LTD. C$150 million; Scotia Capital, TD Securities.

Sept. 13 week: RAAM GLOBAL ENERGY CO. $150 million; Global Hunter Securities, Knight Capital Markets.

Sept. 13-24: DURR AG: €150 million; Close Brothers Seydler Bank AG.

Sept. 13 week: VISANT HOLDING CORP. and VISANT CORP. $750 million; Goldman Sachs & Co., Credit Suisse.

Sept. 14-15: ALERE INC. $350 million; Jefferies & Co., Goldman Sachs & Co., Citigroup.

Starts Sept. 15: VALEANT PHARMACEUTICALS INTERNATIONAL INC. $1 billion; Goldman Sachs, Morgan Stanley, Jefferies.

Pricing Sept. 13 week: BRIGHAM EXPLORATION CO. $250 million; Credit Suisse, Bank of America Merrill Lynch.

Pricing late Sept. 13 week: PROQUEST LLC and PROQUEST NOTES CO. $250 million; Morgan Stanley, Bank of America Merrill Lynch, Jefferies & Co.

Pricing Sept. 17: GENON ENERGY $1.4 billion; J.P. Morgan Securities Inc., Credit Suisse Securities, Deutsche Bank Securities Inc., Goldman Sachs & Co. Morgan Stanley & Co. Inc.

Sept. 13 - 20: TOMKINS PLC via PINAFORE, LLC and PINAFORE, INC. $1.6 billion; Bank of America Merrill Lynch, Citigroup Global Markets Inc., Barclays Capital Inc., RBC Capital Markets Corp., UBS Investment Bank.

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