High Yield Calendar: $370 million and €50 million deals being marketed

SEPT. 26 WEEK

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 (investors may subscribe via the homepages of the company or the Hamburg Stock Exchange); to strengthen its capital base; Hamburg, Germany-based equipment leasing company; subscription period Sept. 19-30; expected to be listed on the SME market exchanges of Hamburg and Hanover on Oct. 4.

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.

EXPECTED OCTOBER-NOVEMBER BUSINESS

KINETIC CONCEPTS INC. $2.15 billion: $1.25 billion senior secured second-lien debt and $900 million senior unsecured debt; Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC (joint books); to help fund the buyout of the company by Apax Partners, Canada Pension Plan Investment Board and Public Sector Pension Investment Board; financing also includes $2.8 billion credit facility and $1.75 billion sponsor equity; San Antonio-based medical technology company; expected October or early November business (Commitments for $1.25 billion senior secured second-lien bridge and $900 million senior unsecured bridge set for Oct. 2; bond roadshow expected to start Oct. 11).

EMDEON INC.: $750 million senior notes; Barclays Capital Inc., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co.; also $1.325 billion senior secured credit facility; to fund the approximately $3 billion acquisition of the company by Blackstone Capital Partners VI LP, expected to close in the second half of 2011; Nashville-based provider of health care revenue and payment cycle management solutions; expected October or early November business.

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.

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

AMERICAN TOWER CORP.: Expected issue of high-yield notes as part of a refinancing of bank debt maturing in 2012; Boston-based wireless and broadcast communications infrastructure company.

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, Norway, 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.

ROADSHOW

Subscription period Sept. 19-30: ALBIS LEASING AG; Up to €50 million; Cortal Consors, DAB Bank AG, Flatex AG and ViTrade (agents).

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

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