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Published on 8/2/2010 in the Prospect News High Yield Daily.

High Yield Calendar: $4.095 billion deals being marketed

AUG. 2 WEEK

TRILOGY INTERNATIONAL PARTNERS LLC and TRILOGY INTERNATIONAL FINANCE INC.: $370 million senior secured notes due 2016 (Caa1/CCC+); Goldman Sachs & Co. (left lead bookrunner), Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. (joint bookrunners); Rule 144A/Regulation S for life; non-callable for three years; to repay $250 million term loan and to invest in New Zealand operations; Bellevue, Wash.-based telecommunications company with operations in the Caribbean, Latin America and New Zealand; price talk 10¼% to 10½% (also covenant changes); book close 11 a.m. ET Tuesday.

TURBO BETA PLC (KCA DEUTAG DRILLING GROUP LTD.): $500 million senior unsecured notes due 2018 (Caa2/CCC); Goldman Sachs & Co. (global coordinator), HSBC, Lloyds TSB, Royal Bank of Scotland (joint books), Natixis Bleichroeder (co); Rule 144A/Regulation S; non-callable for four years; proceeds, together with equity injection from shareholders, to refinance debt; Turbo Beta is the owner of KCA Deutag, an oil and gas services company based in Aberdeen, Scotland, formerly known as Abbot Group Ltd.; European roadshow July 27-28, U.S. roadshow July 29-Aug. 4.

MARINA DISTRICT FINANCE CO., INC. (BORGATA); $725 million senior secured notes due 2015, non-callable for three years, and due 2018, non-callable for four years; Bank of America Merrill Lynch, Wells Fargo Securities, J.P. Morgan Securities Inc., Barclays Capital Inc., RBS Securities Inc., UBS Investment Bank (joint), Daiwa Securities America Inc., Capital One Southcoast, Inc. (co's); Rule 144A with registration rights; 101% poison put; to repay bank debt and fund dividend; Atlantic City-based lodging, entertainment and gaming company; roadshow starts July 27; pricing Aug. 5.

ENERGYSOLUTIONS, INC. and ENERGY SOLUTIONS, LLC: $300 million senior unsecured notes due 2018 (B3/BB-); J.P. Morgan Securities Inc., Credit Suisse, Citigroup Global Markets Inc. (joint); Rule 144A/Regulation S with registration rights; non-callable for four years; to refinance existing secured debt; Verona, Wis.-based low-level radioactive waste services business; roadshow July 28-Aug. 4; pricing expected Aug. 5.

CONTINENTAL AIRLINES INC.: $750 million senior secured first-lien notes due 2015 (Ba2/BB-); J.P. Morgan Securities Inc., Credit Suisse, Morgan Stanley & Co. Inc. (joint), Citigroup Global Markets Inc., Goldman Sachs & Co., UBS Investment Bank (senior co's), Credit Agricole CIB, Deutsche Bank Securities Inc. (co's); Rule 144A/Regulation S for life; non-callable for two years; to repay credit facilities and for general corporate purposes; Houston-based airline; roadshow Aug. 2-5.

DCP LLC and DCP CORP. (DICK CLARK PRODUCTIONS): $150 million senior secured first-lien notes due 2015 (single B equivalent ratings expected); Bank of America Merrill Lynch (books), SunTrust Robinson Humphrey Inc. (co); Rule 144A for life; non-callable for three years; 101% poison put; proceeds, along with cash on hand, to refinance existing senior secured credit facility and fund a distribution to the parent company; Santa Monica, Calif.-based independent television programming producer; roadshow started Aug. 2; pricing Aug. 2 week.

FORESIGHT ENERY LLC: $400 million senior unsecured notes due 2017 (expected ratings Caa1/B-); Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank, Credit Agricole CIB; Rule 144A for life; non-callable for four years; to repay debt; Larkspur, Calif.-based renewable energy company; roadshow Aug. 2-5; pricing expected Aug. 6.

STATS CHIPPAC LTD.: $600 million senior notes due 2015 (Ba1/BB+); Credit Suisse, Deutsche Bank Securities; Rule 144A/Regulation S; non-callable for three years; to fund cash distribution to shareholders and finance tender and consent solicitation for 6¾% senior notes due 2011; Singapore-based semiconductor company; roadshow during Aug. 2 week; pricing expected late in Aug. 2 week.

GENTIVA HEALTH SERVICES INC.: $305 million senior unsecured notes due 2018; Barclays Capital Inc. plus others; also $925 million credit facility; to fund acquisition of Odyssey HealthCare Inc., expected to close in third quarter of 2010, and refinance existing debt; Gentiva is an Atlanta-based home health care provider; early August business.

AUG. 9 WEEK

ROCK HOLDINGS, INC. (PARENT OF QUICKEN LOANS AND TITLE SOURCE): $300 million senior secured notes due 2015; Credit Suisse, J.P. Morgan Securities Inc.; Rule 144A for life; non-callable for three years; to fund a dividend and for general corporate purposes; San Diego-based online lender; roadshow starts Aug. 3; pricing expected Aug. 9.

EXPECTED EARLY AUGUST

FERRO CORP.: $250 million senior notes; Credit Suisse plus others; to help fund the tender for its 6½% convertible senior notes due 2013; Cleveland-based supplier of technology-based performance materials for manufacturers; early August business.

ON THE HORIZON

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.

EVERTEC: $225 million notes; Bank of America Merrill Lynch, Morgan Stanley; also $400 million credit facility which launches at a Aug. 5 bank meeting; to help fund Apollo Management LP's acquisition of 51% of Evertec from Popular Inc., expected to close third quarter of 2010; San Juan, Puerto Rico-based transaction processing company, serving the Caribbean and Latin America.

GENON ENERGY: $1.4 billion senior notes and $500 million term loan; to refinance $1.2 billion of debt at Mirant Corp. and $650 million of debt at RRI Energy Inc., in connection with the merger of Mirant and RRI, expected to close by the end of 2010; GenOn will be a Houston-based power producer.

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.

NBTY INC.: $900 million of senior unsecured notes; Bank of America Merrill Lynch, with Barclays Capital Inc. and Credit Suisse; also new credit facility; to help fund the $3.8 billion LBO of the company by the Carlyle Group, expected to close by the end of 2010; Ronkonkoma, N.Y.-based manufacturer and marketer of nutritional supplements.

MULTIPLAN INC.: $675 million notes; Bank of America Merrill Lynch, Barclays Capital Inc., Credit Suisse; also $1.375 billion new credit facility; to help fund the buyout by BC Partners and Silver Lake from the Carlyle Group and Welsh, Carson, Anderson & Stowe; New York-based provider of health care cost management solutions.

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.

WARNER CHILCOTT PLC: High-yield bonds, via Bank of America Merrill Lynch plus others, as part of $2.25 billion of debt financing to fund a $2.15 billion dividend to shareholders, to be paid before the end of the third quarter of 2010; also credit facility, led by JPMorgan, to launch Aug. 3; Ireland-based specialty pharmaceutical company.

ROADSHOWS

Starts July 27: TURBO BETA PLC (KCA DEUTAG DRILLING GROUP LTD.) $500 million; Goldman Sachs & Co.

Starts July 27: MARINA DISTRICT FINANCE CO., INC. (BORGATA) $725 million; Bank of America Merrill Lynch, Wells Fargo Securities, J.P. Morgan Securities Inc., Barclays Capital Inc., RBS Securities Inc., UBS Investment Bank.

Pricing early Aug. 2 week: TRILOGY INTERNATIONAL PARTNERS LLC and TRILOGY INTERNATIONAL FINANCE INC. $370 million; Goldman Sachs & Co.

July 28-Aug. 5: ENERGYSOLUTIONS, INC. and ENERGY SOLUTIONS, LLC $300 million; J.P. Morgan Securities Inc., Credit Suisse, Citigroup Global Markets Inc.

Aug. 2 week: STATS CHIPPAC LTD. $600 million; Credit Suisse, Deutsche Bank Securities.

Aug. 2-5: CONTINENTAL AIRLINES INC. $750 million; J.P. Morgan Securities Inc., Credit Suisse, Morgan Stanley & Co. Inc.

Aug. 2-5: FORESIGHT ENERY LLC $400 million; Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank, Credit Agricole CIB.

Started Aug. 2: DCP LLC and DCP CORP. (DICK CLARK PRODUCTIONS) $150 million; Bank of America Merrill Lynch.

Starts Aug. 3: ROCK HOLDINGS, INC. (PARENT OF QUICKEN LOANS AND TITLE SOURCE) $300 million; Credit Suisse, J.P. Morgan Securities Inc.


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