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Published on 11/9/2009 in the Prospect News High Yield Daily.

High Yield Calendar: $4.54 billion deals being marketed

NOVEMBER 9 WEEK

BELO CORP.: $275 million senior notes due 2016 (Ba2/B+); J.P. Morgan Securities Inc., Bank of America Merrill Lynch (joint), BNP Paribas, Janney Montgomery, Mitsubishi, SunTrust Robinson Humphrey (co's); SEC registered; non-callable for four years; to repay bank debt; Dallas-based television company; price talk 8½% area with 0-2 points OID; pricing mid-to-late Tuesday morning, New York time.

UNITED RENTALS (NORTH AMERICA), INC.: $400 million senior notes due 2019; Wells Fargo Securities, Bank of America Merrill Lynch, Morgan Stanley & Co.; SEC registered; non-callable for five years; to repay asset-backed loan and for general corporate purposes; Greenwich, Conn.-based equipment rental business; investor call 11 a.m. ET on Tuesday; pricing Tuesday afternoon.

VIASYSTEMS, INC.: $220 million senior secured notes due January 2015 (B3/B+); Goldman Sachs & Co., Wells Fargo Securities; Rule 144A for life; non-callable for 2.5 years; to fund tender for 10½% senior subordinated notes due 2011; St. Louis-based provider of complex multi-layer PCBs and electro-mechanical solutions; price talk 13% area, including about 4 points OID; books close 10 a.m. ET on Tuesday, pricing thereafter.

TRIUMPH GROUP, INC.: $175 million senior subordinated notes due 2017 (Ba3/B+); Bank of America Merrill Lynch, J.P. Morgan Securities Inc. (joint), RBS Securities Inc., PNC Capital Markets (senior co's), BB&T Securities (junior co); Rule 144A with registration rights; non-callable for five years; for general corporate purposes, which may include debt reduction including repayment of revolver without any permanent reductions; Wayne, Pa.-based supplier of aerospace systems and components; price talk 8¾% area; pricing Tuesday afternoon.

GIRAFFE PROPERTIES, LLC (to be renamed TOYS "R" US PROPERTY CO. II, LLC): $650 million senior secured notes due 2017 (Ba2/B+); Bank of America Merrill Lynch, Goldman Sachs & Co., Deutsche Bank Securities Inc., Wells Fargo Securities (joint), Citigroup Global Markets Inc., Credit Suisse Securities, Barclays Capital Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. (co's); Rule 144A with registration rights; non-callable for four years; to repay debt and purchase certain properties from Toys `R' Us Delaware, Inc.; Wayne, N.J., toy retailer; price talk 8¾% area; pricing Tuesday morning.

COLUMBUS INTERNATIONAL, INC.: $450 million senior secured notes due 2014 (B2/B); Citigroup, Standard Bank, RBC Capital Markets (joint); Rule 144A for life; non-callable; to fund capital expenditure and prepay operating company debt; undersea cable network services provider; roadshow Nov. 5-12, pricing after.

REVLON CONSUMER PRODUCTS CORP.: $330 million senior secured notes due 2015; Citigroup Global Markets Inc., Bank of America Merrill Lynch, Credit Suisse Securities, J.P. Morgan Securities Inc.; Rule 144A/Regulation S with registration rights; non-callable for three years; secured by second lien on term loan collateral; proceeds, together with other cash, to fund tender for $340.5 million 9½% senior notes due April 2011; New York City-based cosmetics and beauty care products company; roadshow Nov. 10-12, pricing thereafter.

ANTERO RESOURCES FINANCE CORP.: $300 million senior notes due 2017; J.P. Morgan Securities Inc., Barclays Capital Inc., Wells Fargo Securities (joint), Credit Suisse Securities, BNP Paribas Securities Corp., Calyon Securities, Deutsche Bank Securities Inc., Lloyds, Mitsubishi, US Bancorp, Comerica Investments, KeyBanc Capital Markets (co's); Rule 144A/Regulation S with registration rights; non-callable for four years; to repay bank debt; Denver-based oil and gas company; roadshow early in the Nov. 9 week, pricing late-week.

INMARSAT FINANCE PLC: $650 million senior unsecured notes due 2017 (Ba2); Credit Suisse Securities, Barclays Capital Inc. (global coordinators), BNP Paribas Securities Corp., RBS Securities Inc. (bookrunners), Calyon Securities, ING Securities, RBC Capital Markets Corp. (co-lead managers), Daiwa, Lloyds, Natixis Bleichroeder (co's), Rule 144A/Regulation S; non-callable for four years; to refinance existing debt; London-based provider of satellite telephone and e-mail services; Europe and U.S. roadshows start Nov. 10.

NOVEMBER 16 WEEK

CLOUD PEAK ENERGY RESOURCES LLC and CLOUD PEAK ENERGY FINANCE CORP.: $600 million senior unsecured notes due 2016, non-callable for four years, and due 2019, non-callable for five years; Morgan Stanley & Co., Credit Suisse, RBC Capital Markets Corp. (books), Calyon Securities, J.P. Morgan Securities Inc., Scotia Capital, SG Corporate & Investment Banking, Wells Fargo Securities (senior co's), BMO Securities, Citigroup Global Markets Inc., ING, Natixis Bleichroeder, PNC Capital Markets, Raymond James, SunTrust Robinson Humphrey Inc., Capital One Securities (co's); Rule 144A/Regulation S; to pay a distribution to Rio Tinto Energy America Inc., for general corporate purposes, including cash reserves for securing reclamation obligations, and for capital expenditures; Gillette, Wyo.-based coal company; marketing began Nov. 9; pricing late Nov. 16 week.

LANDRY'S RESTAURANTS INC.: $390 million six-year senior secured notes (expected ratings B3/B); Jefferies & Co., UBS Investment Bank; Rule 144A/Regulation S with registration rights; non-callable for three years; to refinance existing debt, and either for general corporate purposes or, if consummated, to fund a portion of the acquisition of Landry's by Landry's chairman, chief executive officer and president Tilman J. Fertitta; Houston-based restaurant, hospitality and entertainment company; roadshow Nov. 9-20.

EXPECTED DECEMBER BUSINESS

JDA SOFTWARE GROUP, INC.: $275 million senior secured notes with five-year to seven-year maturity, in best efforts deal; proceeds to help finance acquisition of i2 Technologies, Inc.; Goldman Sachs financial adviser to JDA, a Scottsdale, Ariz.-based supply chain services provider; expected to yield 8½% to 8¾%; expected December 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.

IMS HEALTH INC.: $1 billion of senior unsecured notes; Goldman Sachs & Co.; to help fund buyout by TPG Capital and the CPP Investment Board, expected to close first quarter of 2010, subject to approval of IMS shareholders, regulatory approvals and customary closing conditions; Norwalk, Conn.-based provider of market intelligence to the pharmaceutical and health care industries.

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

NORTH AMERICAN ENERGY PARTNERS, INC: C$200 million (approximate) notes; Jefferies & Co.; Edmonton, Alta.-based gas and oil field services provider.

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.

ROADSHOWS

Started Nov. 3: VIASYSTEMS, INC. $220 million; Goldman Sachs & Co., Wells Fargo Securities

Pricing early Nov. 12 week: TRIUMPH GROUP, INC. $175 million; Bank of America Merrill Lynch, J.P. Morgan Securities Inc.

Nov. 5-12: COLUMBUS INTERNATIONAL, INC. $450 million; Citigroup, Standard Bank, RBC Capital Markets

Early Nov. 9 week: ANTERO RESOURCES FINANCE CORP. $300 million; J.P. Morgan Securities Inc., Barclays Capital Inc., Wells Fargo Securities

Started Nov. 9: CLOUD PEAK ENERGY RESOURCES LLC and CLOUD PEAK ENERGY FINANCE CORP. $600 million; Morgan Stanley & Co., Credit Suisse, RBC Capital Markets Corp.

Nov. 9-20: LANDRY'S RESTAURANTS INC. $390 million; Jefferies & Co., UBS Investment Bank

Starts Nov. 10: INMARSAT FINANCE PLC $650 million; Credit Suisse, Barclays Capital Inc. (global coordinators), BNP Paribas, RBS Securities Inc. (bookrunners)

Nov. 10-12: REVLON CONSUMER PRODUCTS CORP. $330 million; Citigroup Global Markets Inc., Bank of America Merrill Lynch, Credit Suisse Securities, J.P. Morgan Securities Inc.


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