High Yield Calendar: $1.115 billion deals being marketed

MARCH 8 WEEK

GARDA WORLD SECURITY CORP.: $250 million senior notes due 2017 (B3/B); UBS Investment Bank (left books), Macquarie Capital (joint books), price talk 10¼% to 10½%, and C$75 million senior notes due 2017 (B3/B); TD Securities (sole books); Rule 144A/Regulation S for life; both tranches non-callable for four years; to refinance debt and for general corporate purposes; Montreal-based security services provider; books close 1 p.m. ET Monday for dollar-denominated tranche.

SITEL, LLC and SITEL FINANCE CORP.: $300 million senior notes due 2018 (Caa2); Goldman Sachs & Co., Bank of America Merrill Lynch, Credit Suisse (joint), RBC Capital Markets Corp., Baird, Fifth Third Securities Inc.; Rule 144A/Regulation S; to be used to repay a portion of the debt outstanding under a senior secured credit facility; Nashville, Tenn.-based business outsourcing services provider, previously known as ClientLogic; roadshow starts March 8; to price late March 8 week.

ALION SCIENCE AND TECHNOLOGY CORP.: $300 million senior secured notes due November 2014 with warrants to purchase common stock; Credit Suisse; Rule 144A/Regulation S with registration rights; non-callable for three years (special redemption: 10% of issue callable annually at 103); change-of-control put at 101%; to repay first-lien credit facility and take out subordinated notes and warrants; also new $25 million revolver to replace existing revolver; McLean, Va., technology solutions provider delivering technical expertise and operational support to the Department of Defense; roadshow starts March 8; pricing March 8 week.

LEARNING CARE GROUP (US) NO. 2 INC.: $265 million senior secured notes due 2015 (confirmed B2/expected CCC+); Barclays Capital Inc., Wells Fargo Securities, Morgan Stanley & Co. Inc. (joint); Rule 144A for life; non-callable for 2.5 years, with make-whole provision; to refinance term loan and mezzanine loan and for general corporate purposes; Novi, Mich.-based education services company.

ON THE HORIZON

ANWORTH MORTGAGE ASSET CORP.: $600 million; Santa Monica, Calif.-based real estate investment trust focusing on mortgage-backed securities and residential mortgage loans

BIOSCRIP INC.: $225 million senior notes, via Jefferies; also $225 million credit facility (/B-/); to help fund acquisition of Critical Homecare Solutions for $343.2 million in cash and stock, expected to close March 31, 2010; BioScrip is an Elmsford, N.Y.-based specialty pharmaceutical health care organization; all in interest on the credit facility and the notes expected to be in the 9% area.

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.; to refinance bridge loan related to LBO; Vernon Hills, Ill., provider of technology products and services.

CEDAR FAIR LP: $1.95 billion financing commitment via JPMorgan, Bank of America, Barclays Capital, UBS and KeyBanc Capital Markets, including $700 million high-yield bonds and $1.25 billion credit facility; to help fund $2.4 billion buyout by Apollo Global Management, expected to close during the second quarter of 2010; Sandusky, Ohio-based amusement-resort operator.

CEVA GROUP PLC: New preferred priority junior secured notes with five-year (minimum) maturity; to extend debt maturities; concurrent with tender offer and consent solicitation for €120 million and $127 million 12% second-priority senior secured notes due 2014 and $400 million 10% second-priority senior secured notes due 2014, via dealer manager Credit Suisse, early consent date March 9, 2009; logistics and supply chain management company based in Hoofddorp, the Netherlands.

CKE RESTAURANTS INC.: $150 million of senior unsecured notes; also $450 million credit facility and up to $440 million in equity; to finance acquisition by Thomas H. Lee Partners, expected second quarter of 2010, Bank of America and Barclays are the lead banks on the financing; Carpinteria, Calif.-based owner of Carl's Jr. and Hardee's quick-service restaurant chains.

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.

ROADSHOWS

Starts March 8: SITEL, LLC and SITEL FINANCE CORP. $300 million; Goldman Sachs & Co., Bank of America Merrill Lynch, Credit Suisse

Starts March 8: ALION SCIENCE AND TECHNOLOGY CORP. $300 million; Credit Suisse

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