High Yield Calendar

Total amount of dollar-denominated high-yield bond offerings being marketed: $5.08 billion

WEEK OF AUGUST 4

AMSTED INDUSTRIES INC.: $275 million senior notes due 2011 (B3/B); Citigroup, Banc of America Securities; Rule 144A for life; non-callable for four years; to repay bank debt, for working capital and for general corporate purposes; Chicago-based manufacturer of components for the rail, vehicular, construction and industrial markets; price talk 9½% area; pricing Friday.

TEMPUR PEDIC INC: $150 million senior subordinated notes due 2010 (B3/B-); Lehman Brothers, UBS Investment Bank (joint), Credit Suisse First Boston (co); to repay bank and mezzanine debt and fund special dividend to shareholders; Lexington, Ky.-based mattress company; pricing Friday.

GROUP 1 AUTOMOTIVE INC.: $150 million senior subordinated notes due 2013 (B1/B+); Goldman Sachs; Rule 144A; T+50 make-whole call for first five years, then at premium; general corporate purposes, including the retirement of the 10 7/8% senior subordinated notes due 2009, and potential acquisitions; Houston-based auto retailer, and provider of financing and repair services; price talk 8 1/8%-8 3/8%; pricing Friday.

PANAVISION INC.: $250 million (from $275 million) senior secured first lien notes due 2008, non-callable for three years (B3/B-) in two tranches: $175-$200 million fixed rate notes, price talk 11¼%-11½%; $50-$75 million floating rate notes, price talk Libor plus 800 basis points area; Credit Suisse First Boston, Bear Stearns (joint); Rule 144A; to repay debt; Woodland Hills, Calif. company.

GRISTEDE'S FOODS, INC.: $150 million units made up of senior secured notes due 2010 with warrants for common stock (B3/B); Jefferies & Co.; Rule 144A; to fund acquisition of Kings Super Markets, to repay debt and for general corporate purposes; New York City-area supermarket chain.

WEEK OF AUGUST 11

MONITRONICS INTERNATIONAL INC.: $200 million senior subordinated notes due 2010 (B3/B-); Banc of America Securities (bookrunner); Fleet Securities (co); Rule 144A; non-callable for four years; also $325 million credit facility; to repay bank debt; Dallas provider of monitored security alarm systems; roadshow started Aug. 1; pricing early in Aug. 11 week.

WILLIAMS SCOTSMAN INC.: $150 million senior secured second lien notes due 2008 (B2); Deutsche Bank Securities, Banc of America Securities, CIBC World Markets (joint), Fleet Securities (co); Rule 144A; non-callable for three years; to repay bank debt; mobile office and storage space company based in Baltimore; roadshow Aug. 6-12.

CHARTER COMMUNICATIONS, INC.: $1.7 billion senior notes due 2013 (CCC-); non-callable for five years; three-year equity clawback for 35%: CHARTER COMMUNICATIONS CAPITAL CORP. I LLC: $850 million/CHARTER COMMUNICATIONS CAPITAL CORP. II LLC: $850 million; Citigroup, Banc of America Securities, JP Morgan (joint); Rule 144A; to fund tender and repay debt; St. Louis-based cable operator; roadshow Aug. 5-13.

ALASKA COMMUNICATIONS SYSTEMS HOLDINGS: $175 million senior notes due 2011 (expected ratings B2/B+); JP Morgan, CIBC World Markets, Citigroup, Jefferies & Co.; Raymond James; Rule 144A; non-callable for four years; to repay bank debt; Alaskan telecom; roadshow starts Aug. 8; pricing Aug. 13 or 14.

MARACAY HOMES ARIZONA I, LLC: $25 million senior subordinated notes due 2010 (non-rated); Friedman Billings Ramsey; Regulation D; non-callable for three years; equity clawback for three years at 35%; to repay debt; homebuilder; roadshow started Aug. 4; expected to price mid-to-late Aug. 11 week.

SHERIDAN GROUP INC.: $100 million senior secured notes due 2011 (B1/B); Jefferies & Co.; non-callable for four years; to help fund LBO by Bruckmann, Rosser, Sherrill & Co. and Jefferies Capital Partners and for working capital; Hunt Valley, Md. publishing company; roadshow Aug. 6-15.

DEX MEDIA WEST LLC: $1.315 billion notes in two tranches: $535 million senior notes due 2010, non-callable for four years (expected ratings B2/B) and $780 million senior subordinated notes due 2013, non-callable for five years (expected ratings B3/B); JP Morgan, Banc of America Securities, Deutsche Bank Securities, Lehman Brothers and Wachovia Securities (joint); Rule 144A/Regulation S; to fund acquisition of second part of Qwest Dex's directory business; Denver-based yellow pages publisher; roadshow starts Aug. 8; pricing Aug. 14.

OXFORD AUTOMOTIVE INC.: $240 million senior secured second lien notes due 2011; Lehman Brothers, Credit Suisse First Boston (joint), Comerica; Rule 144A; make-whole call for four years, then callable at a premium; to repay debt and for general corporate purposes; Troy, Mich. metal-formed assemblies supplier for automotive industry; roadshow started Aug. 7; pricing late Aug. 11 week.

PGN EURO FINANCE 2003 LTD.: $200 million notes due 2013 (B-); Credit Suisse First Boston; (sub of PT Perusahaan Gas Negara); to fund gas pipeline project; price guidance 7¾% area; pricing expected week of Aug. 11.

ON THE HORIZON

PHARMA SERVICES: $450 million senior subordinated notes (B3); Citigroup; also $425 million credit facility; to fund the LBO of Quintiles; Durham, N.C. provider of product development and commercial development solutions to pharmaceutical, biotechnology and medical device industries.

RESOURCE AMERICA, INC.: $30 million of senior notes due 2008; Bear Stearns and Friedman Billings Ramsey (joint); registered; callable on Aug. 1, 2006 at 106; concurrently company will offer up to $65.336 million of new notes in exchange for all outstanding 12% senior notes due 2004; Philadelphia-based oil and natural gas company.

http://www.sec.gov/archives/edgar/data/83402/000095011603001564/s3.txt

LOEWS CINEPLEX THEATRES: senior subordinated notes; Rule 144A; coming with senior credit facility and IPO; IPO via Goldman Sachs, Citigroup, Credit Suisse First Boston and Merrill Lynch; to repay debt and for general corporate purposes; motion picture exhibitor headquartered in New York City.

SEMINIS INC.: $175 million (minimum) high-yield bonds; also new credit facility led by Citigroup and Bank of Montreal; part of merger agreement with Savia, SA de CV

SEAT PAGINE GIALLE: €1.2 billion bonds; to help fund €6 billion LBO by BC Partners, CVC, Investitori Associati and Permira

SATELLITES MEXICANOS SA DE CV: $80 million floating-rate notes.

ROADSHOWS

Started July 17: GRISTEDE'S FOODS, INC. $150 million approximate (notes and warrants); Jefferies & Co.; 7-year maturity

Started Aug. 1: MONITRONICS INTERNATIONAL INC. $200 million; Banc of America Securities; Rule 144A; 7NC4

Started Aug. 4: MARACAY HOMES ARIZONA I, LLC $25 million; Friedman Billings Ramsey; Regulation D; 7NC3

Started Aug. 6: SHERIDAN GROUP INC. $100 million; Jefferies & Co.; 8NC4

Aug. 6-12: WILLIAMS SCOTSMAN INC. $150 million; Deutsche Bank Securities, Banc of America Securities, CIBC World Markets; Rule 144A; 5NC3

Started Aug. 7: OXFORD AUTOMOTIVE INC. $240 million; Lehman Brothers, Credit Suisse First Boston; Rule 144A; 8NC4

Starts Aug. 8: ALASKA COMMUNICATIONS SYSTEMS HOLDINGS $175 million; JP Morgan; Rule 144A; 8NC4

Starts Aug. 8: DEX MEDIA WEST LLC $1.315 billion; JP Morgan, Banc of America Securities, Deutsche Bank Securities, Lehman Brothers, Wachovia Securities; Rule 144A/Regulation S; 8NC4 and 10NC5

RECENT SHELF FILINGS WITH THE SEC:

DENBURY RESOURCES INC. (Symbol: DNR): $150 million shelf filed Aug. 5 for debt securities, common stock, preferred stock, depositary shares and warrants; securities may be issued as convertibles; includes $97 million previously registered but unsold; also $200 million of stock to be sold by selling shareholders; Plano, Tex. oil and gas company will use proceeds to repay bank debt and for general corporate purposes.

http://www.sec.gov/Archives/edgar/data/945764/000089907803000424/denburys3703.txt

© 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.