High Yield Calendar: $5.395 billion deals being marketed

WEEK OF DEC. 4

REGENCY ENERGY PARTNERS LP: $650 million in senior notes due 2013 (B2/B); UBS Investment Bank, Lehman Brothers, Wachovia Securities (joint), Citigroup, JP Morgan (co's); Rule 144A; non-callable for four years; to repay bank debt; Dallas-based midstream energy partnership; roadshow Nov. 28 to Dec. 7; pricing expected Dec. 7.

OPTI CANADA INC.: $1 billion senior secured notes due 2014 (B1/BB); Credit Suisse, RBC Capital Markets (joint bookrunners), TD Securities (joint lead manager), The Royal Bank of Scotland, Scotia Capital, BNP Paribas, Societe Generale Corporate & Investment Banking (co's); Rule 144A with registration rights/Regulation S; non-callable for four years; to refinance debt and fund expenditures associate with the Long Lake project; Calgary, Alta., oil sands developer; roadshow started Nov. 29; pricing expected late in Dec. 4 week.

ESCO CORP.: $275 million senior notes due 2013 in tranches of fixed-rate notes (expected ratings B2/B), non-callable for four years, and floating-rate notes, non-callable for two years; Goldman Sachs & Co., Morgan Stanley (joint); Rule 144A; to fund the LBO by its employee stock ownership plan and pay a special dividend to common shareholders; Portland, Ore., group of companies which manufacture metal parts and components for industrial applications; roadshow started Nov. 30; pricing late Dec. 4 week.

BUFFALO THUNDER DEVELOPMENT AUTHORITY: $245 million senior secured notes due 2014 (B2/B); Merrill Lynch & Co. (sole); Rule 144A; non-callable for four years; special purpose vehicle of the Pueblo tribe of Pojoaque, N.M., which will used proceeds to fund development, construction and opening of casino and related facilities under the Hilton brand, in Santa Fe; roadshow Nov. 29-Dec. 8.

WEEK OF DEC. 11

ALERIS INTERNATIONAL INC. $1.10 billion: $600 million senior unsecured PIK toggle notes (B3/B-) and $500 million senior subordinated notes (Caa1/B-); Deutsche Bank Securities, Goldman Sachs (joint books); toggle note coupon steps up 75 bps if paid in kind; to fund Texas Pacific Group's acquisition of Aleris, expected to close in early 2007, and refinance $1.543 billion of existing debt; Beachwood, Ohio, manufacturer of aluminum rolled products; roadshow starts Dec. 4, pricing Dec. 11 week.

GEOKINETICS INC.: $100 million second priority senior secured floating-rate notes due 2012; RBC (books); Rule 144A with registration rights/Regulation S; non-callable for two years; Houston-based provider of seismic acquisition and high-end seismic data processing services to the oil and gas industry will use proceeds to repay part of the debt incurred in the acquisition of Grant Geophysical, Inc.; roadshow starts Dec. 5; pricing week of Dec. 11.

HANESBRANDS INC.: $500 million of senior notes due 2014 (B2/expected B-) in fixed-rate notes, non-callable for four years and floating-rate notes, non-callable for two years; Morgan Stanley, Merrill Lynch & Co. (joint), ABN Amro, Barclays Capital, Citigroup, HSBC (co's); Rule 144A with registration rights/Regulation S; also $2.6 billion senior secured credit facility; to repay bridge loan; Winston-Salem, N.C.-based Hanesbrands will operate as a publicly traded apparel company; roadshow starts Dec. 4; pricing early Dec. 11 week.

NAVIOS MARITIME HOLDINGS INC: $300 million senior notes due 2014 (B2/B); Merrill Lynch & Co., JP Morgan (joint); Rule 144A with registration rights/Regulation S; non-callable for four years; to repay existing debt; maritime shipping company with headquarters in Piraeus, Greece; roadshow Nov. 30-Dec. 11; expected to price on Dec. 12.

TRISTAN OIL LTD.: $300 million senior secured notes due 2011; Jefferies & Co.; Rule 144A without registration rights; non-callable for 2.5 years; British Virgin Islands oil and gas exploration and production company operating primarily in Kazakhstan plans to use proceeds repay existing debt of affiliate Tolkynneftegaz LLP (TNG), to make a distribution to company shareholders, and for working capital and for general corporate purposes of TNG and another Tristan affiliate, Kazpolmunay LLP (KPM); roadshow Dec. 1 to Dec. 12, pricing shortly after.

TROPICANA ENTERTAINMENT LLC and TROPICANA FINANCE: $925 million senior subordinated notes due 2014 (B3/CCC+); Credit Suisse (books), SG Americas, CIBC, Barclays Capital, ING, Greenwich (co's); Rule 144A; non-callable for four years; Mitchell, Ky., owner, developer and operator of hotel properties and casinos will use proceeds, along with $2.175 billion in credit facilities, to help fund acquisitions of Aztar Corp. and Casino Queen and to refinance existing debt; roadshow starts Dec. 4, pricing Dec. 15.

ON THE HORIZON

ARAMARK CORP.: $2.470 billion bonds including $770 million senior subordinated notes and $1.7 billion senior cash pay and/or senior PIK notes, with 50% of the principal having to come in the form of PIK notes, also $4.605 billion credit facilities led by JP Morgan and Goldman Sachs; to fund the approximately $8.3 billion LBO of the company by chairman and chief executive officer Joseph Neubauer together with funds managed by sponsors by Thomas H. Lee Partners LP, Warburg Pincus LLC, JPMorgan Partners, GS Capital Partners and CCMP Capital Advisors, expected to close late 2006 or early 2007; Philadelphia-based professional food, hospitality and facility management services company.

ARMOR HOLDINGS INC.: $400 million senior subordinated notes (B1/B+); company disclosed in a 10-Q filed Oct. 31 with the SEC that it is monitoring the interest rate environment seeking an opportunity to return with the transaction it withdrew on June 27, 2006 due to market conditions; Jacksonville, Fla., maker of security products.

CABLEVISION SYSTEMS CORP. $2.81 billion high-yield bonds: SUPER HOLDCO $1.13 billion unsecured senior fixed-rate and floating-rate notes with 10-year minimum maturities; INTERMEDIATE HOLDCO $900 million unsecured senior fixed-rate and floating-rate notes with eight-year minimum maturities; RAINBOW PROGRAMMING HOLDINGS LLC $780 million unsecured senior fixed-rate and floating-rate notes with eight-year minimum maturities; also $9.55 billion in new credit facilities via Merrill Lynch and Bear Stearns; to help fund the buyout of Cablevision by the Dolan Family Group; Cablevision is a Bethpage, N.Y., media, entertainment and telecommunications company.

CONSUMER SOURCE INC.: $150 million second-lien loan and/or notes; to fund dividend go Primedia Inc., which Primedia will use to extinguish all existing bank debt; Consumer Source is a New York-based publisher and distributor of free real estate and automobile guides.

FREEPORT-MCMORAN COPPER & GOLD INC.: $6 billion in unsecured high-yield bonds with seven- to 10-year maturity to price in the range of 8¼%; also $10.5 billion in secured institutional term loans; financing commitment from JP Morgan, Merrill Lynch; to help fund the acquisition of Phelps Dodge for $25.9 billion in cash and stock, expected to close in the first quarter of 2007; combined mining company will retain the name Freeport-McMoRan and be based in Phoenix.

THE GEO GROUP INC. (via to-be-named bankruptcy remote subsidiary): $275 million senior secured notes; Rule 144A/Regulation S; proceeds, together with amended senior credit facility and cash on hand, to fund proposed acquisition of CentraCore Properties Trust; Boca Raton, Fla., provider of government-outsourced services in the management of correctional, detention and mental health facilities.

INFOR GLOBAL SOLUTIONS: High-yield notes (Caa2) to refinance a $1.425 billion senior subordinated bridge facility; also $2.4 billion credit facility via JP Morgan, Credit Suisse and Merrill Lynch & Co. joint bookrunners; part of financing to help fund the acquisitions of Systems Union Group and SSA Global, finance the combination of Infor and Extensity - both currently Golden Gate Capital portfolio companies - and to refinance debt at all four companies; Infor is an Alpharetta, Ga.-based software provider.

KINDER MORGAN INC.: $14.5 billion of funded debt including senior and/or subordinated notes; to help fund proposed $22 billion buyout of the company by management and equity investors led by Goldman Sachs, Citigroup, Deutsche Bank, Wachovia, Merrill Lynch, expected to be completed by early 2007; Houston-based energy infrastructure provider.

OPEN SOLUTIONS INC.: $325 million senior subordinated notes; Rule 144A; also $605 million senior secured credit facility via Wachovia, JP Morgan; also $560 million equity commitment; $325 million bridge facility backing the bonds; to fund the acquisition of Open Solutions by The Carlyle Group and Providence Equity Partners, expected to be completed in first quarter of 2007.

PAPELES INDUSTRIALES DE MICHOACAN SA DE CV: $320 million senior guaranteed notes due 2016 (Ba3/BB-/BB-); Citigroup; Rule 144A/Regulation S (no registration rights); non-callable for five years, three-year equity clawback; for acquisition finance; issuer formed when Kimberly-Clark de Mexico SA de CV spun off paper and notebooks division.

PT POLYFIN CANGGIH: $75 million senior secured notes due 2011 and 250 warrants to purchase shares; Jefferies & Co.; private placement and Regulation S; non-callable for two years; two-year 35% equity clawback; to repay existing debt, for working capital and general corporate purposes; producer of polyester chips and synthetic yarn in Indonesia, to be incorporated in The Netherlands (guarantors are incorporated in Indonesia, Singapore and the British Virgin Islands; the company's registered office is in Bandung, Indonesia).

REXNORD CORP.: $460 million (expected size) high-yield bonds; to be issued under the indenture of the existing 9½% senior notes due Aug. 1, 2014 or 11¾% senior subordinated notes due Aug. 1, 2016; proceeds for Zurn purchase of Jacuzzi Brands, Inc.'s plumbing products business for about $950 million, expected to close 2007 first quarter; Milwaukee-based power train manufacturer.

RITE AID CORP: $875 million six-year notes (could be increased by $850 million if Jean Coutu 8½% senior subordinated notes are not assumed); Citigroup; also $1.105 billion senior secured term loan; to fund the acquisition of Jean Coutu Group USA Inc., transaction expected to close late 2006 or early 2007; Rite Aid is a Camp Hill, Pa., national drugstore chain.

SBARRO INC.: $200 million high-yield bonds; Credit Suisse, Banc of America Securities LLC; also $125 million credit facility; to help fund MidOcean Partners' leveraged buyout of Sbarro, a Melville, N.Y., quick-service Italian restaurant company; expected January 2007 business.

SEITEL INC./SEITEL ACQUISITION CO.: $400 million unsecured senior notes; Morgan Stanley, Deutsche Bank and UBS; also $3.1 million first-lien debt, $275.1 million equity contribution; to help fund acquisition by ValueAct Capital; Houston-based provider of seismic data to the oil and gas industry; expected to price late January or early February 2007.

SUN HEALTHCARE GROUP INC.: $250 million senior subordinated notes; also $505 million senior secured credit facility via Credit Suisse and CIBC; to fund its acquisition of Harborside Healthcare Corp., expected to close in first half of 2007; Sun is an Irvine, Calif., operator of long-term and postacute care facilities, and a provider of therapy, medical staffing, home care and hospice services.

UNIVISION COMMUNICATIONS INC.: $2 billion high-yield bonds via Credit Suisse (Deutsche Bank, Bank of America Securities and Wachovia expected to be involved), also new $8.25 billion credit facility; to help back leveraged buyout by Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group; expected to close in spring 2007; Los Angeles-based Spanish-language media company.

THE YANKEE CANDLE CO. INC.: $525 million high-yield notes, also $775 million senior secured credit facility; financing being led by Lehman Brothers, Merrill Lynch; $300 million senior unsecured increasing-rate bridge facility and a $225 million senior subordinated increasing-rate bridge facility backing bonds; also $433.3 million equity financing; to help fund LBO by Madison Dearborn Partners, LLC, expected to launch in first quarter of 2007.

ROADSHOWS

Nov. 28-Dec. 7: REGENCY ENERGY PARTNERS LP $650 million; UBS Investment Bank, Lehman Brothers, Wachovia Securities

Started Nov. 29: OPTI CANADA INC. $1 billion; Credit Suisse, RBC Capital Markets

Nov. 29-Dec. 8: BUFFALO THUNDER DEVELOPMENT AUTHORITY $245 million; Merrill Lynch

Started Nov. 30: ESCO CORP. $275 million; Goldman Sachs & Co., Morgan Stanley

Starts Dec. 4: HANESBRANDS INC. $500 million; Morgan Stanley, Merrill Lynch

Nov. 30-Dec. 12: NAVIOS MARITIME HOLDINGS INC. $300 million; Merrill Lynch & Co., JP Morgan

Dec. 1-12: TRISTAN OIL LTD.: $300 million; Jefferies & Co.

Dec. 4 onwards: ALERIS INTERNATIONAL INC. $1.10 billion; Deutsche Bank Securities, Goldman Sachs

Dec. 4 onwards: TROPICANA ENTERTAINMENT LLC and TROPICANA FINANCE: $925 million; Credit Suisse

Dec. 5 onwards: GEOKINETICS INC.: $100 million; RBC

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