High Yield Calendar: $2.7 billion, €300 million, £200 million, C$300 million being marketed

Jan. 14 Week

GENCORP INC.: $460 million eight-year second-priority senior secured notes (Ba3/B-); Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Wells Fargo Securities LLC (joint), SunTrust Robinson Humphrey Inc. (co); Rule 144A with registration rights; non-callable for three years; to finance the acquisition of Rocketdyne; technology-based manufacturer of aerospace and defense products and systems, based in Sacramento, Calif.; price talk 7¼% area; pricing Friday.

ZACHRY HOLDINGS, INC.: $250 million seven-year senior notes (B2/B+); J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Wells Fargo Securities LLC (joint); Rule 144A and Regulation S for life; non-callable for four years; to repay term loan; San Antonio-based provider of engineering, procurement, construction, maintenance and turnaround/outage services primarily to the energy sector; price talk 7½% to 7¾%; books close 10 a.m. ET Friday, pricing thereafter.

GIBRALTAR INDUSTRIES, INC.: $210 million senior subordinated notes due 2021 (B2/BB-); J.P. Morgan Securities LLC, KeyBanc Capital Markets (joint), HSBC Securities (USA) Inc., RBS Securities Inc. (co's); Rule 144A and Regulation S with registration rights; non-callable for four years; to fund the tender for the 8% senior subordinated notes due 2015; price talk 6½% area; books close 12:30 p.m. ET Friday, except for Boston accounts; pricing Friday afternoon (timing moved ahead; roadshow was expected to end Jan. 23).

SOUTHERN PACIFIC RESOURCE CORP.: C$300 million five-year senior secured second-lien notes (B+//); TD Securities, RBC Capital Markets, Credit Suisse, BMO Securities (joint); Rule 144A and Regulation S; non-callable for two years; to retire debt obligations under the existing $272.2 million second-lien term loan facility, including a prepayment penalty of $2.7 million, and for general corporate purposes; Calgary, Alta. energy exploration, development and production; roadshow started Jan. 14; pricing mid-to-late in the Jan. 14 week.

Jan. 21 Week

ARROW GLOBAL FINANCE PLC: £200 million senior secured notes due 2020 (expected ratings B2/BB-); Goldman Sachs International (joint books, bill and deliver), JPMorgan (joint books), Royal Bank of Scotland (co); Rule 144A and Regulation S; non-callable for three years; to repay revolver debt and a portion of shareholder's loan and non-controlling interest loan; England-based purchaser of defaulted consumer debt; roadshow Jan. 18-22, pricing thereafter.

TRINSEO MATERIALS OPERATING SCA and TRINSEO MATERIALS FINANCE, INC.: $1.325 billion senior secured notes due 2019; Deutsche Bank Securities Inc. (left books), Barclays, HSBC Securities (USA) LLC, Goldman Sachs & Co., Scotia Capital, BMO Securities, Mizuho Securities, SMBC (joint); Rule 144A and Regulation S with registration rights; non-callable for 2.5 years; proceeds, along with a new revolver, to repay bank debt; Berwyn, Pa.-based materials company; roadshow started Jan. 17; pricing expected late Jan. 21 week.

APEX TOOL GROUP, LLC and BC MOUNTAIN FINANCE INC.: $450 million senior notes due 2021 (B3/B-); Goldman Sachs & Co. (left lead), Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, RBC Capital Markets (joint); Rule 144A and Regulation S for life; non-callable for three years; to help fund the LBO of the company by Bain Capital from Cooper Industries and Danaher Corp.; Sparks, Md.-based tool manufacturer; roadshow starts Jan. 18; pricing late Jan. 21 week.

Expected January Business

AVIS BUDGET GROUP INC.: High-yield bonds backing the acquisition of Zipcar Inc. in a transaction valued at approximately $500 million; Avis is a Parsippany, N.J.-based provider of vehicle rental services; Zipcar is a Cambridge, Mass.-based car sharing network; expected January business.

DIGITALGLOBE INC.: $500 million senior notes; also $700 million senior secured credit facility via Morgan Stanley Senior Funding Inc., Bank of Tokyo-Mitsubishi UFJ Ltd., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., scheduled to launch at a Jan. 15 bank meeting; to help fund the acquisition of GeoEye Inc. and refinance about $1 billion of existing debt; DigitalGlobe is a Longmont, Colo.-based provider of commercial high-resolution earth imagery products and services.

MCGRAW-HILL EDUCATION: $550 million notes and $1.325 billion credit facilities; Credit Suisse Securities (USA) LLC, Morgan Stanley, Jefferies & Co., UBS Investment Bank, Nomura and BMO Capital Markets Corp. are leading the financing; to help fund the acquisition of McGraw-Hill Education by Apollo Global Management LLC from McGraw-Hill Cos.; McGraw-Hill Education is a New York-based digital learning company; expected January business.

PETAQUILLA MINERALS LTD.: Second-lien notes, size to be determined, as part of an approximately $210 million debt financing that will include between $90 million and $140 million of first-lien bank debt; Global Hunter Securities; to refinance debt and to finance capital expenditures related to the Lomero-Poyatos mine in Spain; Vancouver, B.C.-based copper exploration company; the financing was previously in the market as a single $210 million tranche of five-year senior secured notes, announced in July 2012; expected early 2013 business.

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.

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.

GETCO HOLDING CO. LLC: $550 million second-lien notes and $470 million credit facility being led by Jefferies Finance LLC; to fund the merger with Knight Capital Group Inc., expected to close during the second quarter of 2013; Getco is a Chicago-based buyer and seller of securities.

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.

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.

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.

PINNACLE ENTERTAINMENT INC.: $315 million senior notes and $2.73 billion credit facility in a financing led by J.P. Morgan Securities LLC and Goldman Sachs Lending Partners LLC; to fund the acquisition of Ameristar Casinos Inc., expected to close in the third quarter of 2013; Pinnacle is a Las Vegas-based casino gaming company.

PVH CORP.: $4.33 billion new debt comprised of senior notes and a credit facility; Barclays, Bank of America Merrill Lynch, Citigroup Global Markets Inc.; notes are backed by a bridge loan commitment; to fund the cash portion of the acquisition of Warnaco Group Inc., expected to close early in 2013, and refinance debt at both companies and provide liquidity going forward; PVH is a Bridgewater, N.J.-based apparel 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.

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.

Roadshow

Started Jan. 14: ZACHRY $250 million; JPMorgan, Merrill Lynch, Wells Fargo.

Started Jan. 14: SOUTHERN PACIFIC RESOURCE C$300 million; TD, RBC, Credit Suisse, BMO.

Started Jan. 16: GIBRALTAR INDUSTRIES $210 million; JPMorgan, KeyBanc.

Started Jan. 17: TRINSEO $1.325 billion; Deutsche Bank, Barclays, HSBC, Goldman Sachs, Scotia, BMO, Mizuho, SMBC.

Jan. 18-22: ARROW GLOBAL £200 million; Goldman Sachs, JPMorgan.

Starts Jan. 18: APEX TOOL $450 million; Goldman Sachs, Barclays, Citigroup, Deutsche Bank, Morgan Stanley, RBC.

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