High Yield Calendar: $2.45 billion deals being marketed

October 8 week

CVR REFINING, LLC and COFFEYVILLE FINANCE, INC.: $500 million 10-year second lien senior secured notes; Credit Suisse Securities (USA) LLC, Citigroup Global Markets, Barclays, UBS Investment Bank, Jefferies & Co. (joint); Rule 144A and Regulation S with registration rights; non-callable for five years; three-year 35% equity clawback; 101% poison put; to refinance existing first lien debt and general corporate purposes; Sugar Land, Texas-based refiner and marketer of transportation fuels and producer of nitrogen fertilizers; pricing Oct. 10.

BI-LO, LLC and BI-LO FINANCE CORP.: $140 million add-on to the 9¼% senior secured notes due Feb. 15, 2019; Citigroup Global Markets (left books), Deutsche Bank Securities Inc. (joint books); Rule 144A and Regulation S for life (new Rule 144A notes will be immediately fungible with existing notes; Regulation S notes will have a temporary Cusip for a 40-day seasoning period); callable on Feb. 15, 2015 at 104.625; 35% equity clawback at 109.25 through Feb. 15, 2014; 101% poison put; to dividend approximately $145 million of equity contributed by the sponsor in connection with the acquisition of Winn-Dixie; Greenville, S.C.-based supermarket operator; investor call 9:30 a.m. ET Wednesday (company will present at the Deutsche Bank Leveraged Finance Conference in Scottsdale, Ariz. on Wednesday); pricing expected Thursday; original $285 million issue priced at par to yield in January 2011.

GULFPORT ENERGY CORP.: $250 million senior notes due 2020; Credit Suisse Securities (USA) LLC (sole); Rule 144A and Regulation S with registration rights; non-callable for four years; three-year 35% equity clawback; 101% poison put; to repay revolver debt and pre-fund drilling capital expenditures program; Oklahoma City-based oil and gas exploration and production company; roadshow started Oct. 9; pricing late Oct. 8 week.

VIKING CRUISES, LTD.: $250 million senior notes due 2022 (expected ratings B3/B+); Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC (joint); Rule 144A and Regulation S for life; non-callable for five years; for acquisition costs, purchase shares and options, fund a dividend and general corporate purposes; Woodland Hills, Calif.-based river cruising company; investor call Oct. 9; pricing late Oct. 8 week or early Oct. 15 week.

October 15 week

MOOD MEDIA CORP.: $350 million senior secured notes due 2020; Credit Suisse Securities (USA) LLC, Jefferies & Co. (joint); Rule 144A and Regulation S for life; callable in three years at par plus 75% of coupon; three-year 35% equity clawback; 101% poison put; to repay existing debt under its first-lien credit facility, repay its second lien credit facility in its entirety, finance the Independence Media, Inc. acquisition and for general corporate purposes; Toronto-based in-store music, visual and scent media specialist; roadshow started Oct. 9; pricing Oct. 15 week.

ALBEA BEAUTY HOLDINGS SA: $650 million equivalent senior secured notes due 2019 (expected ratings B2/B+) in dollar- and euro denominations, tranche sizes to be determined; Bank of America Merrill Lynch (bill and deliver for the dollar tranche, joint physical bookrunner), JP Morgan (bill and deliver for the euro tranche, joint physical bookrunner), Barclays (joint bookrunner), BMO, BNP Paribas, SG CIB (co-managers); Rule 144A for life and Regulation S; non-callable for three years; 101% poison put; upon the release from escrow, proceeds to fund the acquisition of Rexam PC, refinance debt and general corporate purposes; France-based producer of plastic packaging used by the cosmetics industry; European roadshow Oct. 9-11, U.S. roadshow Oct. 12-17, pricing thereafter.

In The Market

PETAQUILLA MINERALS LTD.: $210 million senior secured notes due 2017 (Caa1); Global Hunter Securities (sole); non-callable for two years; to refinance debt and to finance capital expenditures related to the Lomero-Poyatos mine in Spain; Vancouver, B.C.-based Petaquilla Copper is a copper exploration company; New York roadshow concluded during Oct. 1 week; London roadshow Oct. 8 week; Toronto to follow.

Private Placements

LINC USA GP, a Houston-based subsidiary of Australia-based LINC ENERGY LTD.: $265 million senior secured notes due 2017 (high-yield ratings expected); Imperial Capital (lead placement agent), ISM Capital (joint placement agent); true private placement; non-callable for 2.5 years; to repay debt, fund capital expenditures and general corporate purposes; Houston-based energy exploration and production company; pricing expected Oct. 8 week (price talk expected on Oct. 9).

SHELF DRILLING HOLDINGS, LTD.: $75 million 5.5-year term loan; Jefferies & Co. (sole arranger); proceeds, along with $645 million of equity and $475 million notes, to fund the acquisition of 38 drilling rigs from Transocean Inc.; Shelf Drilling is a newly formed international shallow water offshore drilling contractor sponsored by Castle Harlan, Champ Private Equity and Lime Rock Partners.

Expected October Business

CEQUEL COMMUNICATIONS HOLDINGS LLC: $500 million senior unsecured bridge loan priced at Libor plus 700 bps with a 1.25% Libor floor, with 50 bps step-ups every 90 days after closing, subject to a cap of 11% plus 25 bps on Nov. 15 if closing has not occurred; Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co. and RBC Capital Markets LLC; to be replaced with an equivalent amount of high-yield debt securities; to help fund the buyout of the company by BC Partners and CPP Investment Board, expected to close in the fourth quarter of 2012; St. Louis-based provider of television, high-speed internet and telephony services; expected late third quarter or early fourth-quarter business.

PLAINS EXPLORATION & PRODUCTION CO.: $2 billion senior notes and $5 billion credit facility; J.P. Morgan Securities LLC, Barclays, Bank of America Merrill Lynch, BMO Capital Markets Corp., Citigroup Global Markets Inc., RBC Capital Markets LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, Wells Fargo Securities LLC; to fund acquisition of a 50% working interest in the Holstein Field, to fund the purchase of oil and natural gas interests in the Gulf of Mexico from BP Exploration & Production Inc., to refinance debt and for general corporate purposes; Houston-based oil and gas company.

TDF GROUP (TELEFFUSION DE FRANCE): Euro-denominated high-yield bonds; BNP Paribas expected to be involved; to refinance debt; Paris-based multiple-platform telecommunications company.

TRANSDIGM GROUP INC.: $500 million senior subordinated notes; Rule 144A and Regulation S; all or a portion of the proceeds to pay a special dividend; Cleveland-based maker of aircraft components.

VANTAGE DRILLING CO.: $1.15 billion senior secured first lien notes in seven-year and 10-year tranches; Citigroup Global Markets, Jefferies & Co., RBC Capital Markets (joint); to fund a tender offer for a portion of the existing first-lien notes due in 2015 and finance on-going project costs; pari passu with the $500 million senior secured first-lien term loan B, now in the market, commitments due Oct. 12; Houston-based energy drilling company.

On The Horizon

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; possible business for the first quarter of 2012.

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; Energy Transfer is a Dallas-based oil and gas pipeline company.

FTS INTERNATIONAL, INC.: $400 million secured notes to repay term loan; company is soliciting consents from holders of its 7 1/8% notes due 2018 to amendments to the indenture governing the notes, Bank of America Merrill Lynch and Citigroup Global Markets Inc. are the solicitation agents; provider of well completion services for the oil and gas industry with corporate offices in Fort Worth and Cisco, Texas; expected Autumn 2012 business.

GLOBALIVE WIRELESS MANAGEMENT CORP.: Up to $1 billion equivalent in U.S. dollar- and Canadian dollar-denominated notes; Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BMO Capital Markets Corp.; Rule 144A; to fund expansion of its wireless network and for general corporate purposes; Toronto-based wireless communications services provider; expected during first quarter of 2012.

GREENFIELD ETHANOL INC.: C$175 million of five-year senior second-lien notes (/B+//DBRS: B); Scotia Capital Inc. (lead); Macquarie Capital Markets Canada Ltd., Societe Generale (Canada) and TD Securities Inc. (co-managers); non-callable for three years, 101% change-of-control put; equity clawback for up to 35% in first three years; Canada call at 50 bps over Canadian government benchmark; guarantors GreenField Ethanol (Johnstown) Inc.; GreenField Ethanol (Hensall) Inc.; GreenField Hensall LP; GreenField Hensall GP Inc.; Pharmco Products Inc.; Aaper Alcohol and Chemical Co., Aaper Holdings Inc.; GreenField Ethanol of Quebec Inc. and all future restricted subsidiaries of GreenField.; proceeds to repay debt, to terminate existing interest rate swap agreements and for general corporate purposes; Ontario-based GreenField Ethanol is Canada's largest ethanol company.

M&G FINANCE CORP.: $200 million to $300 million senior secured notes due 2019 (expected B3//BB), downsized from $500 million; J.P. Morgan Securities LLC (sole); Rule 144A and Regulation S for life; non-callable (call protection increased from four years); to finance construction of new PET and PTA production facilities, pay back intercompany debt and fund working capital; Houston-based Mossi & Ghisolfi (M&G) produces polyethylene terephthalate (PET) resin for packaging applications; price talk 10% coupon to yield 12% at an issue price of approximately 90.

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.

OPI INTERNATIONAL: $160 million first-lien senior secured notes due 2017; Global Hunter Securities; non-callable for three years; to help fund the acquisition of offshore construction vessels and refinance debt; Houston-based services provider to the offshore oil and gas industry; expected May business.

PPG COMMODITY CHEMICALS: $660 million notes and $240 million term loan in connection with its spin-off from PPG Industries and merger with Georgia Gulf Corp., expected to occur in late 2012 or early 2013; Barclays and J.P. Morgan Securities LLC have provided the debt commitment; PPG Commodity Chemicals is a producer of chlorine, caustic soda and related chemicals; PPG is Pittsburgh-based coatings and specialty products company.

SILVERLEAF RESORTS, INC.: $175 million senior secured notes due 2019; Deutsche Bank Securities Inc.; non-callable for three years; to pre-fund development of vacation ownership inventory, to refinance a portion of the company's existing debt, to pay a dividend to the sponsor; Dallas-based resort operator.

SPOTTED HAWK DEVELOPMENT LLC: $100 million five-year senior secured notes; Global Hunter Securities (sole books), Knight Capital (co); non-callable for three years; to fund oil production in the Bakken Field Play; New Town, N.D.-based energy exploration and production company; currently being marketed.

TEMPUR-PEDIC INTERNATIONAL INC.: $350 million senior notes and $1.77 billion credit facilities; Bank of America Merrill Lynch (lead arranger and bookrunner); to help fund its acquisition of Sealy Corp. for $2.20 per share including repayment of all of Sealy's outstanding convertible and non-convertible debt, for a total transaction value of about $1.3 billion, expected to close in the first half of 2013; Tempur-Pedic is a Lexington, Ky.-based bedding manufacturer; Sealy is a Trinity, N.C.-based bedding manufacturer.

TPC GROUP INC.: Up to $600 million senior secured notes and $250 million senior secured asset-based revolver; Bank of America Merrill Lynch, Morgan Stanley Senior Funding Inc. and Jefferies Finance LLC; to help fund its acquisition by First Reserve Corp. and SK Capital Partners; expected to close in the fourth quarter; TPC Group is a Houston-based processor and service provider of value-added products derived from niche petrochemical raw materials; expected late third quarter or early fourth quarter business.

Roadshows

Started Sept. 24: PETAQUILLA $210 million; Global Hunter.

Pricing Oct. 1 week: IMPACT MEDICAL BV $135 million; Knight Capital.

Expected to begin Oct. 1 week: CRIMSON ENERGY PARTNERS $185 million; Global Hunter Securities.

Early October: SHELF DRILLING INTERNATIONAL HOLDINGS, LTD. $475 million; Jefferies.

Started Oct. 9: GULFPORT ENERGY CORP. $250 million; Credit Suisse.

Started Oct. 9: MOOD MEDIA $350 million; Credit Suisse, Jefferies.

Started Oct. 9: VIKING CRUISES, LTD. $250 million; Wells Fargo, Credit Suisse.

Started Oct. 9: ALBEA BEAUTY $650 million; Bank of America, JP Morgan, Barclays.

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