High Yield Calendar: $3.565 billion deals being marketed

SEPTEMBER 20 WEEK

LIBERTY TIRE RECYCLING: $200 million senior notes due 2016 (low single B ratings expected); Bank of America Merrill Lynch (sole); Rule 144A for life; non-callable for three years; to repay U.S. and Canadian credit facilities, repay second-lien agreement and for general corporate purposes; Pittsburgh-based scrap tire collector and recycler; roadshow started Sept. 15; pricing Sept. 20 week.

EVERTEC, INC.: $220 million senior notes due 2017 (Caa1/expected B-); Bank of America Merrill Lynch, Morgan Stanley (joint); Rule 144A with registration rights; non-callable for three years; 101% poison put; to fund acquisition of 51% of Evertec by Apollo; San Juan, Puerto Rico-based provider of transaction processing, payment processing, merchant acquiring and other related services in Puerto Rico and certain countries within the Caribbean and Central and Latin America; roadshow started Sept. 16; pricing Sept. 20 week.

LODGENET INTERACTIVE CORP.: $435 million senior secured second-lien notes due 2016 (/B/); Bank of America Merrill Lynch, JPMorgan (joint), US Bancorp., Piper Jaffray (co's); Rule 144A with registration rights; non-callable for three years; 101% poison put; to repay and terminate credit facility, terminate related interest rate swaps and for general corporate purposes; 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 healthcare facilities; roadshow Sept. 20 week.

STONERIDGE, INC.: $175 million senior secured notes due 2017; JPMorgan, Deutsche Bank Securities (joint); Rule 144A/Regulation S; to fund tender for 11½% senior notes due 2012, and redeem notes which are not tendered; Warren, Ohio.-based designer and manufacturer of highly engineered electronics for the truck, automotive, agricultural and off-highway vehicle markets; roadshow Sept. 20 to Sept. 24; pricing Friday.

TITAN INTERNATIONAL, INC.: $175 million senior secured notes due 2017 (B1/B+); Goldman Sachs & Co.; Rule 144A/Regulation S; to finance tender for the company's 8% senior unsecured notes due 2012, with any remaining proceeds for general corporate purposes, including financing potential future acquisitions and repayment of other existing obligations; Quincy, Ill.-based maker of wheels, tires and assemblies for off-highway vehicles, including tractors and combines; roadshow started Sept. 22; pricing Sept. 24 or Sept. 27.

SHIP FINANCE INTERNATIONAL LTD.: $50 million equivalent bond loan due April 2014 in Norwegian market; Pareto Securities AS; Rule 144A/Regulation S; general corporate purposes; Hamilton, Bermuda-based provider of specialized ocean going vessels servicing the energy industry.

SEPTEMBER 27 WEEK

HARVEST OPERATIONS CORP.: $500 million senior notes due 2017 (expected ratings Ba1/BB-); Bank of America Merrill Lynch, HSBC (joint), CIBC Capital Markets, Mitsubishi UFJ Securities, National Bank of Canada, Scotia Capital, TD Securities (co's); Rule 144A with registration rights; make-whole call at Treasuries plus 50 bps; poison put a 101; to repurchase existing 7 7/8% senior notes, to repay revolver and for general corporate purposes; Calgary, Alta.-based oil and gas producer is a wholly owned subsidiary of state-owned Korea National Oil Co.; roadshow Sept. 20-24; pricing Sept. 27.

LOGAN'S ROADHOUSE: $335 million second-lien senior secured notes due 2017 (B2/B-); JPMorgan, Credit Suisse; non-callable for four years; to help fund the LBO of the company by Kelso & Co.; Nashville-based restaurant chain; roadshow started Sept. 21; pricing expected Sept. 27.

VERTELLUS SPECIALTIES INC.: $325 million senior secured notes due 2015 (/B/); Credit Suisse, Jefferies & Co.; Rule 144A for life; non-callable for 2.5 years; three year 35% equity clawback; to refinance first-lien and second-lien term loans; Indianapolis-based manufacturer of chemicals for the agricultural, nutritional, pharmaceutical, personal care, and performance material markets; roadshow started Sept. 20; pricing early Sept. 27 week.

TPC GROUP LLC: $325 million senior secured notes due 2017; Deutsche Bank, JP Morgan (joint) Macquarie Capital, Oppenheimer & Co. (co's); Rule 144A/Regulation S; to repay all outstanding term loan debt and to fund a distribution to parent TPC Group Inc. for general corporate purposes, which may include dividends, stock repurchases or other returns of capital to its stockholders; Houston-based petrochemical company; roadshow started Sept. 22; pricing Sept. 27 week.

HAPAG-LLOYD AG: $500 million equivalent (dollars and euros) senior notes (/B/) due 2015, non-callable for three years, and due 2017, non-callable for four years; Deutsche Bank, Citigroup, Credit Suisse, Goldman Sachs, JPMorgan, UniCredit; Rule 144A/Regulation S; to refinance debt; Hamburg, Germany-based container shipping company; European roadshow, including London, Frankfurt and Paris, started Sept. 22; U.S. roadshow starts Sept. 27 week.

AFFINION GROUP HOLDINGS, INC.: $325 million senior notes due 2015 (expected ratings Caa1/B-); Deutsche Bank Securities, Bank of America Merrill Lynch, Credit Suisse (joint); Rule 144A/Regulation S; non-callable for two years; proceeds, together with cash distributions from Affinion Group, Inc., to repay Holdings' senior unsecured term loan and for general corporate purposes; issuer is the parent of Affinion Group, a Stamford, Conn.-based provider of marketing services and loyalty programs; pricing middle of Sept. 27 week.

EXPECTED SEPTEMBER BUSINESS

BURGER KING HOLDINGS INC.: Expected $900 million bonds to help fund LBO by 3G Capital, expected to close during fourth quarter of 2010; J.P. Morgan Securities Inc., Barclays Capital Inc.; also $1.9 billion credit facility to launch at Sept. 14 bank meeting; Miami-based fast food hamburger chain.

DINEEQUITY INC.: $825 million senior notes due 2018; Barclays Capital, Goldman Sachs & Co.; Rule 144A/Regulation S; also $975 million credit facility; to refinance existing debt, including the company's $1.385 billion of notes; DineEquity is a Glendale, Calif.-based owner of Applebee's Neighborhood Grill & Bar and IHOP Restaurants; credit facility launched at Sept. 22 bank meeting, bonds to follow.

WEST CORP.: $500 million senior notes (B3/B); to repay bank debt; concurrently in the market with an amend-to-extend proposal being led by Wells Fargo Securities and Deutsche Bank, launched on Sept. 14; Omaha, Neb.-based provider of call-center services, conferencing services and accounts receivable management.

ON THE HORIZON

AIR MEDICAL GROUP HOLDINGS: New notes and ABL revolver; Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc.; to fund proposed recapitalization, expected to close during the third or fourth quarter of 2010; Boca Raton, Fla.-based provider of air medical services.

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.

CLEARWATER PAPER CORP.: $350 million senior notes; Bank of America Merrill Lynch; to help fund its acquisition of Cellu Tissue Holdings Inc., expected in the fourth quarter of 2010; Clearwater is a Spokane, Wash.-based manufacturer of consumer tissue, bleached paperboard and wood products.

DAVITA INC.: New credit facility and unsecured debt; JPMorgan, Bank of America Merrill Lynch, Credit Suisse; to refinance $1.8 billion bank debt, $700 million 6 5/8% senior notes due 2013 and $850 million senior subordinated notes due 2015, also additional financing for general corporate purposes and other opportunities, including potential acquisitions, share repurchases and other growth investments; Denver-based provider of dialysis services.

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.

MEDASSETS INC.: $360 million notes; J.P. Morgan Securities Inc., 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.

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.

REYNOLDS GROUP HOLDINGS LTD.: $3.5 billion: $2 billion senior secured notes and $1.5 billion senior notes; Credit Suisse, HSBC and Australia New Zealand Banking Group; to help finance the acquisition of Pactiv Corp., financing also includes $1.5 billion credit facility, bank meeting Sept. 13 week; Reynolds is a Chicago-based manufacturer and supplier of consumer food and beverage packaging and storage products.

ROADSHOWS

Started Sept. 15: LIBERTY TIRE RECYCLING $200 million; Bank of America Merrill Lynch.

Started Sept. 16: EVERTEC, INC. $220 million; Bank of America Merrill Lynch, Morgan Stanley.

Sept. 20 week: HARVEST OPERATIONS CORP. $500 million; Bank of America Merrill Lynch, HSBC.

Sept. 20 week: LODGENET INTERACTIVE CORP. $435 million; Bank of America Merrill Lynch, JPMorgan.

Sept. 20 week: STONERIDGE, INC. $175 million; JPMorgan.

Started Sept. 20: VERTELLUS SPECIALTIES INC. $325 million; Credit Suisse, Jefferies & Co.

Started Sept. 21: LOGAN'S ROADHOUSE $335 million; JPMorgan, Credit Suisse.

Started Sept. 22: TITAN INTERNATIONAL, INC. $175 million; Goldman Sachs & Co.

Started Sept. 22 in Europe (U.S. roadshow starts Sept. 27 week): HAPAG-LLOYD AG: $500 million; Deutsche Bank, Citigroup, Credit Suisse, Goldman Sachs, JPMorgan, UniCredit.

Started Sept. 22: TPC GROUP INC. $325 million; Deutsche Bank, JP Morgan.

Pricing middle of Sept. 27 week: AFFINION GROUP HOLDINGS, INC. $325 million; Deutsche Bank Securities, Bank of America Merrill Lynch, Credit Suisse.

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