High Yield Calendar: $1.995 billion deals being marketed

JULY 20 WEEK

PE PAPER ESCROW GMBH (SAPPI LTD.): $500 million minimum equivalent senior secured notes due 2014 (Ba2/expected BB): €250 million to €300 million, price talk 13¼% area, and $250 million to $300 million, price talk 13½% area (both tranches to price with approximately 5 points of OID); JP Morgan, Calyon Securities, Citigroup, HSBC, RBS Securities (joint), KBC, Natixis Bleichroeder (co's); non-callable for three years; also new €650 million credit facility; to pay off near-term debt maturities; Johannesburg, South Africa, coated paper producer; deal has potential to upsize to $650 million equivalent; pricing Friday.

MTR GAMING GROUP, INC.: $250 million senior secured notes due 2014 (expected B2/confirmed B); Goldman Sachs & Co. (left lead), Deutsche Bank Securities (joint); Rule 144A with registration rights/Regulation S; non-callable for two years; proceeds, together with cash on hand, to fund tender for the outstanding 9¾% senior secured notes due 2010; Chester, W.Va.-based gaming company; price talk 13½% to 13¾%.

DUANE READE INC.: $325 million in two parts: $215 million senior secured notes due 2015 (B3/B-), and $110 million senior subordinated notes due 2016 (Caa2/CCC); Goldman Sachs & Co. (left lead), Banc of America Securities/Merrill Lynch (joint); Rule 144A with registration rights/Regulation S; both tranches non-callable for three years; to fund tender for $210 million senior secured floating-rate notes due 2010 and $195 million 9¾% senior subordinated notes due 2011 and repay asset-based loan; New York City-based drugstore chain.

JULY 27 WEEK

PENINSULA GAMING, LLC: $530 million notes in two tranches: $215 million senior secured notes due 2015 (Ba2/BB), non-callable for three years, and $315 million senior unsecured notes due 2017 (B3/B), non-callable for four years; Jefferies & Co. (left books), Wells Fargo Securities (joint), Credit Suisse (co); to fund acquisition consideration of Amelia Belle and to refinance existing debt; Dubuque, Iowa-based company owns and operates gaming facilities in Iowa and Louisiana; roadshow July 20-29.

GLOBAL AVIATION HOLDINGS, INC.: $165 million senior secured first-lien notes due 2013 (Ba3/BB-); Jefferies & Co.; Rule 144A/Regulation S; non-callable for three years; also $64.1 million second-lien loan; to refinancing bank debt; Peachtree City, Ga.-based passenger and cargo air carrier; roadshow July 22-31.

GREAT ATLANTIC & PACIFIC TEA CO., INC.: $225 million senior secured notes due 2015 (expected ratings B3/B-); Banc of America Securities LLC/Merrill Lynch & Co.; Rule 144A with registration rights; non-callable for three years; change of control put at 101; concurrent $175 million offering of convertible preferred stock; to repay existing credit facility and general corporate purposes; Montvale, N.J.-based supermarket operator; roadshow starts July 24; pricing July 27 week.

EXPECTED JULY BUSINESS

NEWPAGE CORP.: $595 million (proceeds) senior secured notes due 2014; Goldman Sachs & Co.; Rule 144A/Regulation S; to help fund tender; Miamisburg, Ohio-based coated paper manufacturer; timing of new notes offer to be determined (early tender deadline is July 28); full roadshow not expected.

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.

ONE COMMUNICATIONS CORP.: $275 million first-priority senior secured notes due 2015 (expected B-); Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc.; Rule 144A; non-callable for four years; to repay bank debt; Burlington, Mass.-based privately held regional provider of telecommunications services.

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

July 20-29: PENINSULA GAMING, LLC $530 million; Jefferies & Co.

July 22-31: GLOBAL AVIATION HOLDINGS, INC. $165 million; Jefferies & Co.

Starts July 24: GREAT ATLANTIC & PACIFIC TEA CO., INC. $225 million; Banc of America Securities LLC/Merrill Lynch & Co.

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