High Yield Calendar: $965 million, £500 million and €350 million deals being marketed

Oct. 21 Week

BLACKBOARD INC.: $365 million senior notes due 2019 (Caa1/CCC+/); BofA Merrill Lynch (left), Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC; Rule 144A for life and Regulation S; callable in two years at par plus 75% of the coupon; two-year 40% equity clawback; proceeds plus cash on hand, to refinance the company's second-lien term loan; Washington, D.C.-based provider of enterprise software applications and related services to the education industry; price talk 7¾% to 8%; books close at noon ET Thursday, pricing thereafter.

EXOPACK HOLDING CORP.: $325 million six-year senior notes (Caa2/B-); Goldman Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Investec, Morgan Stanley & Co.; Rule 144A for life; non-callable for three years; to refinance debt and put cash on the balance sheet; Chicago-based manufacturer of plastic packaging products; price talk 8% area; pricing Thursday.

DOMESTIC & GENERAL GROUP LTD. £500 million: £200 million seven-year senior secured fixed-rate notes (B2), callable in three years at par plus 50% of the coupon, price talk 6½% area, also £150 million six-year senior secured floating-rate notes (B2), non-callable for one year, price talk Libor plus 500 to 525 bps at 99.5; also £150 million eight-year senior unsecured notes (B3), callable in three years at par plus 50% of the coupon, price talk 8% area; Goldman Sachs International (bill and deliver, joint global coordinator), Barclays, Credit Suisse (joint global coordinators), BNP Paribas, Morgan Stanley, SG CIB, UBS (joint books), Mizuho, Royal Bank of Scotland (co's); Rule 144A and Regulation S; proceeds, together with an equity contribution and cash held by the Domestic & General Group, to finance the acquisition by of Domestic & General Group Holdings Ltd. by CVC Capital Partners Ltd. from Advent International Corp., and repay debt; Bedworth, England-based home-appliance warranty provider; pricing Thursday.

DOLE FOOD CO. INC.: $275 million 5.5-year senior secured notes (expected Caa2); Deutsche Bank Securities Inc., BofA Merrill Lynch, Scotia Capital; Rule 144A for life; non-callable for two years; to help fund the purchase of the company by chairman and chief executive officer David H. Murdock; Westlake Village, Calif.-based fruit and vegetables company; roadshow Oct. 22-25.

CABLE COMMUNICATIONS SYSTEMS NV the controlling shareholder of RCS & RDS SA: €350 million senior secured notes due 2020 (B1); JPMorgan (global coordinator), Erste Group, SG CIB, UniCredit Bank (joint books); Rule 144A and Regulation S; non-callable for three years; proceeds, along with proceeds from a new bank debt, to refinance existing debt; Bucharest, Romania-based telecommunications company; pricing expected late Oct. 21 week or early Oct. 28 week.

Expected October Business

TOWNSQUARE RADIO, LLC and TOWNSQUARE RADIO, INC.: $145 million add-on to the 9% senior notes due April 1, 2019; RBC Capital Markets; callable on April 1, 2015; Greenwich, Conn.-based owner and operator of FM and AM radio stations and websites serving small and mid-sized markets throughout the United States; commitments for the syndicated bridge loan due Oct. 4; deal expected to launch in October; original $265 million priced at 99 with to yield 9.197% in March 2012.

GARDA WORLD SECURITY CORP.: New senior notes; also approximately $825 million senior secured credit facility via RBC Capital Markets, BofA Merrill Lynch, TD Securities (USA) LLC and Mizuho Securities USA Inc., to launch at a bank meeting on Oct. 22; to refinance existing credit facility debt and senior unsecured notes due 2017 and fund the acquisition of G4S Cash Solutions for C$110 million; Montreal-based provider of business solutions and security services.

On The Horizon

BRAND ENERGY & INFRASTRUCTURE SERVICES INC.: $550 million senior notes; Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs Bank USA, UBS Investment Bank help fund its acquisition by Clayton, Dubilier & Rice from First Reserve and merger with an infrastructure business that is being bought from Harsco Corp.; Atlanta-based provider of specialized industrial services to the energy and infrastructure sectors; deal expected to come before the end of the year.

BUENA VISTA GAMING AUTHORITY: $220 million eight-year senior secured notes; Credit Suisse Securities (USA) LLC, BofA Merrill Lynch (joint); Rule 144A and Regulation S for life; callable in four years at par plus 50% of the coupon; annual mandatory redemption offer of 50% of available funds starting at 103; 101% poison put; to fund construction of the Buenavue Casino; Ione, Calif.-based tribal gaming firm.

COMMUNITY HEALTH SYSTEMS INC. $4.58 billion bridged debt: $2.205 billion senior secured and $2.375 billion senior unsecured; BofA Merrill Lynch, Credit Suisse Securities (USA) LLC; to help fund its acquisition of Health Management Associates Inc., expected to close in the first quarter of 2014; Community Health is a Nashville, Tenn.-based hospital company. Health Management is a Naples, Fla.-based owner and manager of hospitals and ambulatory surgery centers.

DARLING INTERNATIONAL INC.: $1.3 billion bridge loan; also $2.55 billion credit facility via J.P. Morgan Securities LLC and Goldman Sachs Bank USA; to help fund the acquisition of Vion Ingredients, expected to close in January 2014; Darling is an Irving, Texas-based provider of rendering, recycling and recovery solutions to the food industry; Vion Ingredients is a Son en Breugel, the Netherlands-based developer and producer of specialty ingredients from animal origin for applications in pharmaceuticals, food, feed, pet food, fertilizer and bio-energy.

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; BofA 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.

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.

IONA ENERGY CO. (UK) LTD. (IONA ENERGY INC.): $250 million to $300 million callable senior secured bonds; Pareto Securities; to refinance credit facility, of which approximately $139 million is drawn, and to partially retire its existing structured energy derivative transaction, also to fund the delivery of its Orlando and Kells projects to first oil, as well as mature and accelerate its other pipeline of development opportunities; Calgary, Alta.-based oil and gas exploration, development and production company focused on oil and gas development in the United Kingdom's North Sea.

JARDEN CORP.: $795 million bonds and bank loans, sizes to be determined; to help fund its acquisition of Yankee Candle Investments LLC from Madison Dearborn Partners LLC for $1.75 billion in cash, expected to close early in the fourth quarter of 2013; Jarden is a Rye, N.Y.-based provider of consumer products; Yankee Candle is a South Deerfield, Mass.-based designer, manufacturer, wholesaler and retailer of scented candles.

JOS. A BANK CLOTHIERS INC.: Possible $1.9 billion senior notes and term loan borrowings; to help fund the acquisition of the the Men's Wearhouse Inc. (Men's Wearhouse rejected a $48 per share bid from JoS. A Bank Clothiers on Oct. 9, 2013); JoS. A. Bank is a Hampstead, Md.-based designer, manufacturer and retailer of men's clothing, sportswear, footwear and accessories.

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.

ORIONSTONE PTY LTD.: $200 million seven-year secured notes (B3/B); non-callable for three years; Rule 144A for life; Morgan Stanley & Co. LLC bookrunner; proceeds to repay debt; Mackay, Australia-based supplier of heavy earthmoving rental equipment to the infrastructure, oil, gas and mining industries; expected September business.

RUE 21 INC.: $250 million senior notes backed by a bridge loan via J.P. Morgan Securities LLC, BofA Merrill Lynch, Goldman Sachs Bank USA; also $680 million facility; to help fund the purchase of the company by Apax Partners, expected to close by the end of 2013; Warrendale, Pa.-based retailer of girls' and guys' apparel and accessories.

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.

U.S. XPRESS ENTERPRISES, INC.: $250 million senior secured second-lien notes due 2020 (Caa1/B-); Wells Fargo Securities LLC (left books), Morgan Stanley & Co. LLC (joint books), Regions Securities LLC (co); Rule 144A and Regulation S with registration rights; callable in three years at par plus 75% of the coupon; to repay the existing senior secured credit facility, receivable securitization facility and other debt; Chattanooga, Tenn.-based truckload carrier and a diversified provider of truckload, intermodal and logistics services; price talk 9½% to 9¾%.

Roadshows

Oct. 22-25: DOLE FOOD $275 million; Deutsche Bank, BofA Merrill Lynch, Scotia.

Oct. 21-24: BLACKBOARD INC.: $365 million; Deutsche Bank, Morgan Stanley.

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