High Yield Calendar: $450 million and ¥60 billion deals being actively marketed

JUNE 1 WEEK

INTERFACE INC.: $150 million senior secured notes due Nov. 1, 2013 (expected ratings B1/BB-); Banc of America Securities LLC, Citigroup Global Markets Inc., Wachovia (joint), BB&T Capital Markets (co); Rule 144A with registration rights; non-callable (make-whole at Treasuries plus 50 bps); change-of-control put at 101%; to fund tender for 10 3/8% senior notes due 2010; Atlanta-based floor covering company; pricing early in June 1 week.

VALEANT PHARMACEUTICALS INTERNATIONAL: $300 million senior unsecured notes due 2016; Goldman Sachs & Co. (left lead), UBS Investment Bank (joint); J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Wedbush Morgan (co's); Rule 144A with registration rights; non-callable for three years; to redeem or retire debt and/or equity securities; based in Aliso Viejo, Calif.; roadshow starts Monday; pricing late June 1 week.

TENET HEALTHCARE CORP.: $200 million minimum senior secured notes (tenor and ratings to be determined); Banc of America Securities LLC to lead, Goldman Sachs & Co. and Citigroup Global Markets Inc. expected to be involved; to help fund tender for up to $1 billion 9 7/8% senior notes due 2014; Dallas-based operator of acute care hospitals and related ancillary health care businesses; pricing expected during June 1 week.

EARLY JUNE BUSINESS

SOFTBANK CORP.: ¥60 billion 5.1% two-year unsecured bonds (existing Ba2/existing BB//confirmed BBB from the Japan Credit Rating Agency) to be priced at par; Mizuho Securities Co., Ltd., Daiwa Securities SMBC Co. Ltd., SBI Securities Co., Ltd.; to repay debt; Tokyo-based telecom; to be marketed May 27 to June 9; settlement expected June 11.

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.

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.

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

Pricing early in June 1 week: INTERFACE INC. $150 million; Banc of America Securities LLC, Citigroup Global Markets Inc., Wachovia.

Starts June 1: VALEANT PHARMACEUTICALS INTERNATIONAL $300 million; Goldman Sachs & Co.

Offered May 27-June 9: SOFTBANK CORP.: ¥60 billion; Mizuho Securities Co., Ltd., Daiwa Securities SMBC Co. Ltd., SBI Securities Co.

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