High Yield Calendar: $3.43 billion and €200 million deals being marketed

OCTOBER 18 WEEK

ACCELLENT INC.: $315 million seven-year senior subordinated notes (Caa2/CCC+); Goldman Sachs & Co. (left books), UBS Investment Bank (joint books); Rule 144A, Regulation S; subsidiary of Accellent Holdings Corp., a Wilmington, Mass.-based provider of manufacturing and engineering services to the medical device industry; proceeds to finance tender for $295 million 10½% senior subordinated notes due 2013; price talk 9 7/8% area.

HANGER ORTHOPEDIC GROUP, INC.: $200 million senior notes due 2018 (confirmed B3/existing B-); Bank of America Merrill Lynch, Jefferies & Co., Oppenheimer & Co., SunTrust Robinson Humphrey Inc. (joint), RBC Capital Markets Corp. (co); Rule 144A with registration rights; non-callable for four years; 101% poison put; to repurchase existing 10¼% senior notes due 2014 and for general corporate purposes; Austin, Texas-based provider of orthotic and prosthetic patient care services; roadshow Oct. 19-20, pricing thereafter.

SABRA HEALTHCARE LP/SABRA CAPITAL CORP.: $225 million eight-year senior notes; Bank of America Merrill Lynch, Citigroup Global Markets, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC (joint books), RBC Capital Markets Corp. (co); Rule 144A offering; non-callable for four years; proceeds to finance pending spinoff of Sabra Health Care REIT Inc. by its corporate parent, Sun Healthcare Group Inc.; will be held in escrow; on release, will be used to redeem Sun's 9¼% senior subordinated notes' escrow; if conditions are not satisfied or waived by Dec. 31, notes will be redeemed at 100.75 plus accrued interest; Sabra is a healthcare real estate investment trust; roadshow Oct. 18-22, pricing after.

OCTOBER 25 WEEK

OMNOVA SOLUTIONS CORP.: $250 million eight-year senior notes; Deutsche Bank Securities Inc. (left books), Jefferies & Co. (joint books), KeyBanc Capital Markets (lead); Rule 144A; non-callable for four years; to help finance $300 million acquisition of Eliokem International SAS; Fairlawn, Ohio-based maker of emulsion polymers, specialty chemicals and decorative and functional surfaces for commercial, industrial and residential end uses; roadshow starts Oct. 18, pricing Oct. 25.

SIEMENS ENTERPRISE COMMUNICATIONS: €200 million first-lien senior secured notes due 2015 (B3/B-); Jefferies & Co. (left lead), UBS Securities, Wells Fargo Securities; Rule 144A and Regulation S for life; non-callable for three years; for general corporate purposes, with a portion of proceeds to refinance debt and retire certain contractual obligations; London-based end-to-end enterprise communications company; roadshow started Oct. 18; pricing mid-Oct. 25 week.

FMG RESOURCES PTY. LTD.: $2.04 billion senior unsecured notes due 2015 (B1/B/BB+); J.P. Morgan Securities LLC, the Royal Bank of Scotland; Rule 144A; non-callable for three years; proceeds, along with $2.04 billion senior unsecured credit facility, to refinance debt; subsidiary of Fortescue Metals Group Ltd., a Perth, Australia-based producer and sea-borne trader of iron ore; international roadshow started Oct. 18; expected to price Oct. 28.

HIDILI INDUSTRY INTERNATIONAL DEVELOPMENT LTD.: $400 million senior unsecured notes due 2015 (B1/BB-); Citigroup, Bank of America Merrill Lynch, UBS Investment Bank, JPMorgan; non-callable; for general corporate purposes, to upgrade existing production capacity in the company's network of mines and facilities in Southwestern China, for existing machinery and infrastructure, repay existing debt; integrated coal company in Panzhihua City, China.

LATE OCTOBER OR EARLY NOVEMBER

RURAL/METRO CORP.: $200 million senior notes due 2018; RBC Capital Markets Corp. plus others; Rule 144A; proceeds, along with proceeds from new credit facility, to refinance bank debt and fund tender offer for 12¾% senior discount notes due 2016, to pay off cash collateralized letters of credit and for working capital and general corporate purposes; Scottsdale, Ariz.-based provider of emergency and non-emergency medical transportation services, fire protection and other safety-related services.

ON THE HORIZON

AMERICAN ACHIEVEMENT CORP.: $365 million senior secured notes due 2016; Goldman Sachs & Co.; Rule 144A; proceeds, along with new revolver and new American Achievement Group Holding Corp. preferred stock, to repay bank debt, refinance 8¼% senior subordinated notes due 2012, 10¼% senior discount notes due 2012 and 12¾% senior PIK notes due 2012, and redeem or repurchase preferred stock; Austin Texas-based provider of class rings, yearbooks, graduation products and affinity jewelry; expected to price following a roadshow.

CABLEVISION SYSTEMS CORP.: New high-yield bonds as part of approximately $1 billion in bank and bond debt financing to fund the $1.365 billion acquisition of Bresnan Communications, expected to close late 2010 or early 2011; Bank of America Merrill Lynch and Citigroup are the lead banks on the debt; Cablevision is a Bethpage, N.Y.-based telecommunications, media and entertainment company.

GRIFOLS SA: $1.1 billion high-yield notes; also $3.4 billion credit facility (Ba3/BB) via Deutsche Bank, Nomura, BBVA, BNP Paribas, HSBC and Morgan Stanley, expected to launch during July 2010; to help fund the company's acquisition of Talecris Biotherapeutics Holdings Corp.; Grifols is a Barcelona, Spain-based health care company and producer of plasma protein therapies. Talecris is a Research Triangle Park, N.C.-based biotherapeutics products company.

HAWKEYE GROWTH LLC (HAWKEYE RENEWABLES): Up to $150 million first-lien notes; PrinceRidge Group; proceeds, along with cash on hand, to refinance debt; Ames, Iowa-based ethanol producer.

LODGENET INTERACTIVE CORP.: Possible debt financing that could include bonds; to repay bank debt; Sioux Falls, S.D.-based provider of interactive media and connectivity solutions to the hospitality industry and interactive patient education, information and entertainment systems to health-care facilities; ($435 million six-year senior secured second-lien notes, B3/B/, via Bank of America Merrill Lynch, J.P. Morgan Securities LLC, put on hold Sept. 28 as company announced it is seeking alternatives).

MEDASSETS INC.: $360 million notes; J.P. Morgan Securities LLC, Barclays Capital Inc., also $750 million facility; to fund acquisition of Broadlane Group and refinance existing bank debt, transaction expected to close before end of 2010; MedAssets is an Alpharetta, Ga.-based provider of technology enabled products and services for hospitals, health systems and ancillary health care providers.

M/I HOMES, INC.: Senior notes; to fund tender offer for $200 million 6 7/8% senior notes due 2012; Citigroup is dealer-manager for tender, which expires Nov. 10; early tender deadline Oct. 27; Columbus, Ohio-based homebuilder.

PAETEC HOLDING CORP.: $420 million senior secured notes; Deutsche Bank, Bank of America Merrill Lynch; to help fund the acquisition of Cavalier Telephone Corp. from M/C Venture Partners, expected to close in late 2010 or early 2011; Paetec is a Fairport, N.Y.-based provider of business communications.

PRESTIGE BRANDS HOLDINGS PLC: bank and/or bond financing to help fund the $190 million acquisition of Blacksmith Brands Holdings Inc., expected to close in the fourth quarter of 2010; Irvington, N.Y.-based marketer of branded over-the-counter health-care products, household cleaning products and personal care products.

RADIO ONE, INC.: $100 million senior notes due 2017 (Caa2/CCC+); to finance the purchase of an increased stake in TV One; also new $400 million credit facility, via Deutsche Bank Securities Inc.; Lanham, Md.-based radio broadcaster targeting African American audiences in urban communities.

THERMADYNE HOLDING CORP.: New senior unsecured notes as part of financing for the acquisition of the company by Irving Place Capital, valued at $422 million, expected to close in December; also new revolver; financing is backed by a bridge loan from Jefferies & Co. and RBC Capital Markets; St. Louis-based manufacturer and marketer of metal cutting and welding products and accessories.

ROADSHOWS

Started Oct. 18: OMNOVA SOLUTIONS CORP.: $250 million; Deutsche Bank Securities, Inc., Jefferies & Co. Inc.

Started Oct. 18: SIEMENS ENTERPRISE COMMUNICATIONS €200 million; Jefferies & Co., UBS Securities, Wells Fargo Securities.

Started Oct. 18: FMG RESOURCES PTY. LTD. $2.04 billion; J.P. Morgan Securities LLC, the Royal Bank of Scotland.

Oct. 19-20: HANGER ORTHOPEDIC GROUP, INC. $200 million; Bank of America Merrill Lynch, Jefferies & Co., Oppenheimer & Co., SunTrust Robinson Humphrey.

Oct 18-22: SABRA HEALTHCARE LP/SABRA CAPITAL CORP.: $225 million; Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC

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