High Yield Calendar: $3.595 billion deals being actively marketed

MAY 11 WEEK

MGM MIRAGE $1.5 billion senior secured notes: non-callable notes due 2014, price talk 11 1/8% area with 2 points of OID, and notes due 2017, non-callable for four years, price talk 11 5/8% area with 2 points of OID; Banc of America Securities LLC, Barclays Capital, Citigroup, RBS Greenwich Capital, Wachovia Securities (joint books), BNP Securities, CommerzBank, Daiwa, Deutsche Bank Securities, JP Morgan, Morgan Stanley, UBS Investment Bank (co's); Rule 144A with registration rights; to repay debt and for general corporate purposes; Las Vegas-based development company with gaming and resort operation; pricing early Thursday.

EL POLLO LOCO, INC.: $120 million senior secured notes due 2012 (B); Jefferies & Co.; Rule 144A/Regulation S; callable at a premium in February 2011; 35% equity clawback; to repay bank debt and senior secured notes due 2009, with the balance, if any, for general corporate purposes; fast-food restaurant operator based in Irvine, Calif.; pricing expected Thursday morning.

MAY 18 WEEK

CELLU TISSUE HOLDINGS, INC.: $230 million senior secured notes due 2014 (confirmed B2/expected B); JP Morgan (books), Goldman Sachs & Co. (co); Rule 144A/Regulation S with registration rights; non-callable for two years; to redeem the 9 ¾% senior secured notes due 2010 and for general corporate purposes; Alpharetta, Ga.-based converted tissue and tissue hard roll producer; roadshow May 12-19; pricing May 19 or 20.

GIBSON ENERGY ULC and GEP MIDSTREAM FINANCE CORP.: $545 million first-lien senior secured notes due 2014; UBS Investment Bank (left books), RBC Capital Markets, RBS Greenwich Capital (joint books); Rule 144A/Regulation S with registration rights; ratings to be determined; non-callable for three years; to refinance outstanding bridge loans; Calgary, Alta.-based midstream energy company; roadshow May 13-20; pricing May 20.

ASHLAND INC. $600 million senior notes due 2017 (expected ratings Ba3/BB-); Banc of America Securities LLC, Scotia Capital; Rule 144A with registration rights; non-callable for four years; to repay debt; Covington, Ky.-based chemical company; roadshow May 14-19; investor call May 15; pricing early in May 18 week.

APRIA HEALTHCARE GROUP INC.: $600 million senior secured notes, series A-1, due Nov. 1, 2014; Banc of America Securities LLC, Wachovia Securities LLC, Barclays Capital Inc. (joint), Scotia Capital (co); Rule 144A with registration rights; non-callable for 2.5 years; change of control at 101.0; to repay bridge; Lake Forest, Calif., home health care services company; roadshow May 14-21, pricing thereafter; investor call May 18.

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; underwriter to be determined; 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; early 2009 business.

NORTH AMERICAN ENERGY ALLIANCE: $325 million senior unsecured notes; Barclays Capital Inc.; also $545 million credit facility (BB+); to help back the roughly $1.477 billion acquisition of 1,706 megawatts of generation projects by Industry Funds Management from Consolidated Edison Inc.

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.

SEALY CORP.: $350 million senior secured notes due 2016; Rule 144A; also $100 million ABL revolver due 2013 and approximately $177 million senior secured convertible PIK notes due 2016;

to repay existing credit facilities in full, extend debt maturities to 2013 and beyond and eliminate quarterly maintenance tests on debt; Trinity, N.C.-based bedding manufacturer.

TRIDENT RESOURCES: New senior unsecured notes and new revolver in conjunction with IPO led by Deutsche Bank Securities Inc. and Jefferies & Co.; to recapitalize the company and repay debt; Calgary, Alta.-based natural gas production company.

ROADSHOWS

May 12-19: CELLU TISSUE HOLDINGS, INC. $230 million; JP Morgan

May 13-20: GIBSON ENERGY ULC and GEP MIDSTREAM FINANCE CORP. $545 million; UBS Investment Bank

May 14-19: ASHLAND INC. $600 million; Banc of America Securities LLC, Scotia Capital.

May 14-21: APRIA HEALTHCARE GROUP INC. $600 million; Banc of America Securities LLC, Wachovia Securities LLC, Barclays Capital Inc.

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