High Yield Calendar: $3.295 billion and €50 million deals being marketed

OCT. 10 WEEK

MANNKIND CORP.: $370 million proceeds via senior discount notes due 2017; Global Hunter Securities, Knight Capital Group (joint); Rule 144A and Regulation S; non-callable for three years; 101% poison put; for development and operating capital, including completion of the phase 3 clinical trials and commercialization of MannKind's lead product candidate, Afrezza, continuing the build-out of MannKind's Danbury, Conn., manufacturing facility, ongoing research and development and general corporate purposes; Valencia, Calif.-based biopharmaceutical company; roadshow starts Sept. 26; pricing expected Oct. 12.

OCT. 17 WEEK

CHIRON MERGER SUB, INC., to be merged with and into KINETIC CONCEPTS INC. Upsized $2.55 billion: Upsized $1.65 billion equivalent second-lien senior secured notes due 2019 (B3/B/), non-callable for three years, in dollars and euros (increased from $1.25 billion) and $900 million senior unsecured notes due 2019 (B3/CCC+/), non-callable for four years; Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, RBC Capital Markets (joint books), UBS Investment Bank (co); Rule 144A and Regulation S with registration rights; to help fund the buyout of the company by Apax Partners, Canada Pension Plan Investment Board and Public Sector Pension Investment Board; San Antonio-based medical technology company; European roadshow Oct. 10 week, U.S. roadshow Oct. 17 week (overall deal size increased from $2.15 billion, term loan downsized to $2.2 billion from $2.6 billion).

BEAGLE ACQUISITION CORP. (EMDEON INC.): $375 million senior notes due 2019 (expected ratings Caa1/CCC+); Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., SunTrust Robinson Humphrey (joint); Rule 144A and Regulation S with registration rights; non-callable for four years; will rank pari passu with $375 million of 11¼% senior notes that affiliates of Goldman Sachs have agreed to purchase; to help fund the acquisition of the company by Blackstone Capital Partners VI LP and Hellman & Friedman LLC; Nashville-based provider of health care revenue and payment cycle management solutions; roadshow Oct. 12-18.

EXPECTED OCTOBER BUSINESS

ALBIS LEASING AG: Up to €50 million 7 5/8% high-yield notes due 2016; deal is being marketed to institutional and retail investors via agents Cortal Consors, DAB Bank AG, Flatex AG and ViTrade; to strengthen its capital base; Hamburg, Germany-based equipment leasing company; subscription period was scheduled to end on Sept. 30.

EXPECTED FOURTH QUARTER BUSINESS

CKX ENTERTAINMENT, INC.: $360 million senior secured second-lien notes due 2019 (/B-/); Goldman Sachs & Co. (left books), Macquarie Group Ltd. (joint books); Rule 144A and Regulation S; non-callable for four years; to fund the purchase of common stock and repay existing credit facility; New York City-based owner and developer of entertainment content.

CONVERGEX HOLDINGS LLC: New senior notes, revolver and first-lien term loan; Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc., Citigroup Global Markets Inc.; to help fund the acquisition of ConvergEx by CVC Capital Partners from GTCR, expected to close Fall 2011 subject to financing and regulatory approval; New York-based technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries.

DATATEL INC.: High-yield bonds via J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC; to help fund the acquisition of SunGard Higher Education by Hellman & Friedman LLC and the concurrent merger with Datatel, for $1.775 billion in cash; SunGard Higher Education is a Malvern, Pa.-based provider of software and services to higher education; Datatel is a Fairfax, Va.-based provider of technology products and services to higher education; expected 2011 business.

ENERGY TRANSFER EQUITY, LP: $3.2 billion high-yield bonds to help complete the $7.9 billion merger of Energy Transfer and Southern Union Co., including repayment of $3.7 billion of Southern Union debt, expected to close in the first quarter of 2012; Energy Transfer is a Dallas-based oil and gas pipeline company.

ON THE HORIZON

DIAMOND FOODS INC.: $300 million notes; also $1.75 billion credit facility; Bank of America Merrill Lynch; to help fund merger with Pringles Co., expected to close by the end of 2011; Diamond Foods is a San Francisco-based packaged food company. Pringles is a potato crisp brand.

DNO INTERNATIONAL ASA: $200 million to $300 million senior secured bonds due 2016; Pareto Securities AS, ABG Sundal Collier ASA and Fearnley Fonds ASA; for general corporate purposes; Oslo oil and gas exploration and production company.

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 services 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).

M&G FINANCE CORP.: $500 million senior notes due 2018 (expected ratings B3//BB); J.P. Morgan Securities LLC (books); Rule 144A and Regulation S for life; non-callable for four years; to fund capital expenditures, to repay debt, to provide liquidity and for working capital; Houston-based Mossi & Ghisolfi (M&G) produces polyethylene terephthalate (PET) resin for packaging applications.

NAL OIL & GAS: C$150 million to C$250 million notes; RBC Capital Markets, BMO Nesbitt Burns; Calgary, Alta., trust acquires interests in Canada's upstream conventional oil and gas industry.

NEWLEAD HOLDINGS LTD.: $120 million senior secured bonds due 2016; Rule 144A and Regulation S; to finance vessel purchase commitments, to refinance the debt of certain vessels and for general corporate purposes; Piraeus, Greece-based vertically integrated mixed fleet shipping company.

SELWYN RESOURCES LTD.: $30 million senior secured bonds, expected to be issued with warrants for common shares; First Securities AS; for the purposes of restarting the ScoZinc Mine, a past producing zinc-lead mine located in Nova Scotia, which Selwyn recently acquired; Vancouver, B.C.-based zinc and lead exploration and development company.

SIAG SCHAAF INDUSTRIE AG: Up to €50 million five-year notes (/CCC+/); IKG (lead manager), Steubing (co-lead); manufacturer of steel components for onshore and offshore wind turbines.

SPIE: Expected €300 million to €400 million notes; Morgan Stanley, HSBC, SG CIB, Credit Agricole CIB, Deutsche Bank; proceeds along with approximately €1 billion of bank debt to help fund the LBO of the company by Clayton Dubilier & Rice, Axa Private Equity and Caisse de Depot et Placement du Quebec from PAI Partners from PAI Partners; France-based mechanical engineering firm; LBO closed on Aug. 30; bridge loan funded as leads await opportunity to sell the bonds.

WII COMPONENTS, INC.: New subordinated notes and new credit facility; to fund a tender offer and consent solicitation for its $105.85 million of 10% senior notes due 2012, consent deadline July 7, 2011; St. Cloud, Minn., cabinet manufacturer.

ROADSHOWS

Started Sept. 26: MANNKIND CORP. $370 million; Global Hunter Securities, Knight Capital Group.

Oct. 12-18: EMDEON INC. $375 million; Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., SunTrust Robinson Humphrey.

Begins Oct. 10 week: KINETIC CONCEPTS INC. Upsized $2.55 billion; Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, RBC Capital Markets.

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