High Yield Calendar: $2.89 billion being marketed

Jan. 28 Week

SABINE PASS LIQUEFACTION, LLC (CHENIERE ENERGY PARTNERS, LP): $1 billion eight-year senior secured notes (Ba3/BB+); Morgan Stanley & Co. LLC, Credit Suisse Securities LLC, RBC Capital Markets, Deutsche Bank Securities Inc., SG CIB, Standard Chartered Bank, HSBC Securities (USA) LLC, J.P. Morgan Securities LLC, Mitsubishi UFJ Securities, Credit Agricole CIB (joint), ING, Lloyds Securities, Banco Santander, Scotia Capital (joint lead managers), Mizuho Securities (co); Rule 144A with registration rights; non-callable (make-whole at Treasuries plus 50 bps); to pay capital costs in connection with the construction of Train 1 and Train 2; Houston-based liquid natural gas company; price talk 5 5/8% area; book close at 10 a.m. ET Monday (1 p.m. ET for West Coast accounts meeting with the company), pricing thereafter.

WEEKLEY HOMES, LLC and WEEKLEY FINANCE CORP. (DAVID WEEKLY HOMES): $200 million 10-year senior notes; Credit Suisse Securities (USA) LLC, Bank of America Merrill Lynch, Wells Fargo Securities LLC (joint); Rule 144A for life; callable in four years at par plus 75% of coupon; three-year 35% equity clawback; 101% poison put; to repay revolver and for general corporate purposes; Houston-based homebuilder; roadshow started Jan. 23; pricing Jan. 28 week.

UNIFRAX I LLC: $250 million six-year senior notes (Caa1/B-); Goldman Sachs & Co., Wells Fargo Securities LLC, KeyBanc Capital Markets (joint); Rule 144A for life; non-callable for two years; to repay debt and fund an acquisition; Niagara Falls, N.Y.-based supplier of high-temperature insulation products; roadshow started Jan. 23; pricing Jan. 28 week.

ORION ENGINEERED CARBONS FINANCE (KINOVE LUXEMBOURG HOLDINDS): $390 million PIK toggle notes due 2019 (expected ratings Caa1/CCC+); Goldman Sachs (physical books), Barclays, JPMorgan, UBS (joint books); Rule 144A and Regulation S; non-callable for one year; to fund a distribution to shareholders; Frankfurt, Germany-based producer of carbon black; roadshow starts Jan. 25; pricing expected Jan. 28 week.

TERVITA CORP.: $1.05 billion senior secured notes; RBC Capital Markets (left books), also $500 million term loan B via RBC, Goldman Sachs & Co., Deutsche Bank Securities Inc. and TD Securities and a C$300 million revolver; to repay all outstanding debt under the company's existing senior secured credit facility; Calgary, Alta.-based environmental management company serving the oil and gas industry; bond deal to launch during Jan. 28 week.

Expected January Business

AVIS BUDGET GROUP INC.: High-yield bonds backing the acquisition of Zipcar Inc. in a transaction valued at about $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.

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.

Roadshows

Started Jan. 23: DAVID WEEKLY HOMES $200 million; Credit Suisse, Merrill Lynch, Wells Fargo.

Started Jan. 23: UNIFRAX $250 million; Goldman Sachs, Wells Fargo, KeyBanc.

Pricing early Jan. 28 week: SABINE PASS/CHENIERE ENERGY $1 billion; Morgan Stanley, Credit Suisse, RBC, Deutsche Bank, SG, Standard Chartered, HSBC, JPMorgan, Mitsubishi, Credit Agricole.

Starts Jan. 25: ORION ENGINEERED CARBONS $390 million; Goldman Sachs, Barclays, JPMorgan, UBS.

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