High Yield Calendar: $650 million deals being marketed

November 21 Week

TRINSEO MATERIALS OPERATING SCA: $450 million six-year senior notes (B3/B), non-callable for three years (structure changed from seven-year non-call-four); Barclays Capital Inc. (left lead), Deutsche Bank Securities Inc., BMO Securities, Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC; Rule 144A and Regulation S with registration rights; non-callable for four years; to repay bank debt and for general corporate purposes; diversified chemical company; price talk 12¼% area, including about 3 points of OID.

November 28 Week

OPTIMA SPECIALTY STEEL, INC.: $200 million six-year senior secured notes; Jefferies & Co. (sole); Rule 144A for life; non-callable for three years; proceeds, together with $34.9 million of sponsor equity, to fund acquisition of Niagara Lasalle Corp.; Akron, N.Y.-based steel products manufacturer; roadshow until Nov. 30.

Expected Fourth Quarter Business

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.

CONVERGEX HOLDINGS LLC: New senior notes, revolver and first-lien term loan; Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc., Citigroup Global Markets Inc.; to help fund the acquisition of ConvergEx by CVC Capital Partners from GTCR, expected to close Fall 2011 subject to financing and regulatory approval; New York-based technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries.

CVR ENERGY, INC.: $275 million high-yield notes; Deutsche Bank Securities Inc., RBS Securities Inc., Barclays Capital Inc.; to fund the acquisition of Gary-Williams Energy Corp.; CVR is a Sugar Land, Texas-based refiner and marketer of transportation fuels; expected December business.

DATATEL INC.: High-yield bonds via J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC; to help fund the acquisition of SunGard Higher Education by Hellman & Friedman LLC and the concurrent merger with Datatel, for $1.775 billion in cash; SunGard Higher Education is a Malvern, Pa.-based provider of software and services to higher education; Datatel is a Fairfax, Va.-based provider of technology products and services to higher education; expected 2011 business.

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, expected to close in the first quarter of 2012; Energy Transfer is a Dallas-based oil and gas pipeline company.

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.

MANNKIND CORP.: $370 million proceeds via senior discount notes due 2017; Global Hunter Securities, Knight Capital Group (joint); Rule 144A and Regulation S; non-callable for three years; 101% poison put; for development and operating capital, including completion of the phase 3 clinical trials and commercialization of MannKind's lead product candidate, Afrezza, continuing the build-out of MannKind's Danbury, Conn., manufacturing facility, ongoing research and development and general corporate purposes; Valencia, Calif.-based biopharmaceutical company.

On the Horizon

A.M. CASTLE & CO.: $275 million senior notes and $100 million four-year senior secured asset-based revolver via Jefferies & Co.; to fund its acquisition of Tube Supply Inc., expected to be completed by the end of the first quarter of 2012, and to refinance existing debt; A. M. Castle is an Oak Brook, Ill.-based distributor of specialty metal and plastic products, value-added services and supply chain solutions.

DIAMOND FOODS INC.: $300 million notes; also $1.75 billion credit facility; Bank of America Merrill Lynch; to help fund merger with Pringles Co., expected to close by the end of 2011; Diamond Foods is a San Francisco-based packaged food company. Pringles is a potato crisp brand.

DNO INTERNATIONAL ASA: $200 million to $300 million senior secured bonds due 2016; Pareto Securities AS, ABG Sundal Collier ASA and Fearnley Fonds ASA; for general corporate purposes; Oslo oil and gas exploration and production company.

M&G FINANCE CORP.: $500 million senior notes due 2018 (expected ratings B3//BB); J.P. Morgan Securities LLC (books); Rule 144A and Regulation S for life; non-callable for four years; to fund capital expenditures, to repay debt, to provide liquidity and for 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.

NEWLEAD HOLDINGS LTD.: $120 million senior secured bonds due 2016; Rule 144A and Regulation S; to finance vessel purchase commitments, to refinance the debt of certain vessels and for general corporate purposes; Piraeus, Greece-based vertically integrated mixed fleet shipping company.

SIAG SCHAAF INDUSTRIE AG: Up to €50 million five-year notes (/CCC+/); IKG (lead manager), Steubing (co-lead); manufacturer of steel components for onshore and offshore wind turbines.

SPIE: Expected €300 million to €400 million notes; Morgan Stanley, HSBC, SG CIB, Credit Agricole CIB, Deutsche Bank; proceeds along with approximately €1 billion of bank debt to help fund the LBO of the company by Clayton Dubilier & Rice, Axa Private Equity and Caisse de Depot et Placement du Quebec from PAI Partners from PAI Partners; France-based mechanical engineering firm; LBO closed on Aug. 30; bridge loan funded as leads await opportunity to sell the bonds.

WII COMPONENTS, INC.: New subordinated notes and new credit facility; to fund a tender offer and consent solicitation for its $105.85 million of 10% senior notes due 2012, consent deadline July 7, 2011; St. Cloud, Minn., cabinet manufacturer.

ROADSHOWS

Until Nov. 30: OPTIMA SPECIALTY STEEL, INC. $200 million; Jefferies & Co.

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