E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/1/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $955 million deals being marketed

SEPTEMBER 28 WEEK

VENOCO, INC.: $150 million senior notes due 2017 (Caa2/CCC+); UBS Investment Bank (left books), BMO Nesbitt Burns, Credit Suisse Securities, RBS Securities Inc. (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; to redeem the existing 8¾% senior notes due 2011; Denver-based oil and gas exploration and development company; price talk 12% area all-in yield; books close 12 p.m. ET Friday.

OCTOBER 5 WEEK

ALON REFINING KROTZ SPRINGS, INC.: $205 million senior secured notes due 2014 (/expected BB/); Jefferies & Co.; Rule 144A with registration rights; non-callable for three years; to refinance existing term loan and for general corporate purposes; owner-operator of Louisiana refinery; roadshow Sept. 30-Oct. 9.

DELUXE ENTERTAINMENT SERVICES GROUP INC.: $600 million first-lien notes due 2017 (B2/B); Credit Suisse Securities, J.P. Morgan Securities Inc. (joint); to refinance bank debt; Hollywood, Calif.-based digital cinema services company; pricing late Oct. 5 week.

EXPECTED MID-OCTOBER BUSINESS

GCI INC.: $400 million senior notes due 2019 (existing ratings B3/B-); to retire senior credit facility; Longwood, Fla.-based telecommunications services provider; expected mid-October business.

ON THE HORIZON

CDW CORP.: $1.94 billion notes: $890 million senior unsecured cash-pay notes due 2015 (Caa1/CCC+), $300 million senior unsecured PIK toggle notes due 2015 (Caa1/CCC+) and $750 million senior subordinated notes due 2017 (Caa2/CCC+); J.P. Morgan Securities Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

GENERAL MOLY: $540 million to $700 million debt financing including high-yield bonds, leveraged loans and possibly convertibles; Credit Suisse and Barclays, arrangers; to fund the Mt. Hope molybdenum project, located in central Nevada; also $240 million to $400 million of equity; formerly Idaho General Mines, General Moly is a Lakewood, Colo.-based molybdenum mineral development, exploration and mining company.

INFORMA GLOBAL MARKETS: High-yield notes (Ba2/BB), size to be determined; JPMorgan; London-based real-time capital markets information services provider; expected early September business, pending market conditions.

RIVERDEEP INTERACTIVE LEARNING USA: $820 million senior subordinated notes; Credit Suisse, Citigroup (joint); proceeds along with $1.87 billion senior bank debt, $750 million mezzanine debt and $1.5 billion equity to fund the acquisition of Houghton Mifflin by Riverdeep from Thomas H. Lee Partners, Bain Capital Partners, LLC and Blackstone Group for $3.4 billion; Riverdeep, based in Dublin, Ireland, is a publisher of interactive products for the consumer and school markets.

WARNER CHILCOTT PLC: $1.4 billion of senior unsecured notes; bridge loan commitments from JPMorgan, Morgan Stanley, Barclays Capital, Bank of America Merrill Lynch, Citigroup, Credit Suisse; also $2.75 bank loan; to finance the acquisition of Procter & Gamble Co.'s pharmaceuticals business; Warner Chilcott is a Rockaway, N.J.-based specialty pharmaceutical company; expected September business.

ROADSHOWS

Sept. 30-Oct. 1: VENOCO, INC. $150 million; UBS Investment Bank

Sept. 30-Oct. 9: ALON REFINING KROTZ SPRINGS, INC. $205 million; Jefferies & Co.

Pricing late Oct. 5 week: DELUXE ENTERTAINMENT SERVICES GROUP INC. $600 million; Credit Suisse Securities, J.P. Morgan Securities Inc.


© 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.