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Published on 3/5/2013 in the Prospect News High Yield Daily.

High Yield Calendar: $1.125 billion deals being marketed

March 4 Week

MASTEC, INC.: $400 million senior notes due 2023 (existing Ba3/BB-) upsized from $350 million; Barclays (left lead), Morgan Stanley & Co. LLC, SunTrust Robinson Humphrey Inc. (joint books), FBR Capital Markets, KeyBanc Capital Markets, Stifel Nicolaus & Co. Inc. (co's); SEC registered; non-callable for five years; to redeem 2017 notes, to refinance other debt and for general corporate purposes; Coral Gables, Fla.-based infrastructure construction company; price talk 5% area; books close 10 a.m. ET Wednesday, except for West Coast accounts; pricing Wednesday afternoon.

TITAN INTERNATIONAL: $275 million add-on to 7 7/8% senior secured notes due Oct. 1, 2017 (B1/B+); Goldman Sachs & Co. (left lead), Jefferies & Co. (joint); Rule 144A with registration rights; to repay a portion of the debt of certain indirect subsidiaries under the European credit facilities assumed as part of its acquisition of Titan Europe plc in the fourth quarter of 2012 and for general corporate purposes; Quincy, Ill., company is a manufacturer of wheels and tires for off-road equipment; price talk 106.25, plus or minus 0.25 point; books close 10 a.m. ET Wednesday, pricing thereafter; original $200 million issue priced at par in September 2010.

ACADIA HEALTHCARE CO. INC.: $150 million senior notes due 2021; BofA Merrill Lynch, Citigroup Global Markets Inc., Jefferies & Co. Inc. (joint books); Fifth Third Securities Inc. (co-manager); Rule 144A with registration rights, Regulation S; non-callable for three years; proceeds for general corporate purposes, which may include acquisitions; Franklin, Tenn.-based provider of inpatient behavioral health care services; pricing Thursday.

COINSTAR, INC.: $300 million senior notes due 2019 (expected Ba3/BB-); BofA Merrill Lynch, Wells Fargo Securities, LLC, HSBC Securities (USA) Inc. (joint books), Morgan Stanley & Co. LLC, RBC Capital Markets LLC, U.S. Bancorp Investments, Inc. (senior co-managers), Comerica Securities, Inc., Mitsubishi UFJ Securities (co-managers); Rule 144A, Regulation S; non-callable for three years; proceeds for general corporate purposes; Bellevue, Wash.-based provider of automated retailing systems; roadshow begins Tuesday in Boston, investor call midday Tuesday; pricing is expected to take place late in March 4 week.

METROPCS WIRELESS, INC.: Benchmark offering of senior notes due 2021, non-callable for four years, and 2023, non-callable for five years; Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC; Rule 144A and Regulation S; to repay bank debt related to the acquisition of the company by T-Mobile USA and for general corporate purposes; Dallas-based provider of wireless communications service roadshow; March 6-8; pricing March 8.

On The Horizon

CBRE GROUP, INC.: Up to $800 million senior notes via wholly owned subsidiary CBRE Services, Inc.; BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, RBS Securities Inc., Securities Inc., HSBC Securities (USA) Inc. and Barclays; off shelf; proceeds for general corporate purposes, including repayment of outstanding debt; Los Angeles-based real estate company.

CKE RESTAURANTS INC.: High-yield notes; to help fund tender offer for up to $412,122,000 of CKE's outstanding 11 3/8% senior secured second-lien notes due 2018; Barclays is dealer manager for tender; early consent date for tender is March 14; Carpinteria, Calif., restaurant operator and franchisor.

METROPCS COMMUNICATIONS, INC.: Benchmark-sized senior notes in two tranches via subsidiary MetroPCS Wireless Inc.; Rule 144A and Regulation S; if pending merger with T-Mobile USA, Inc. is completed proceeds will be used to repay the outstanding amounts owed under its existing senior secured credit facility, to pay liabilities under related interest-rate protection agreements and to pay related fees and expenses; remainder for general corporate purposes; Dallas-based prepaid wireless telecommunications company.

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.

COOKE AQUACULTURE, INC.: $250 million senior notes due February 2021 (Caa1/CCC+); Credit Suisse Securities (USA) LLC; Rule 144A and Regulation S for life; callable in four years at par plus 50% of the coupon; three-year 35% equity clawback; 101% poison put; to repay revolver, a portion of the term loan and for general corporate purposes; Blacks Harbour, New Brunswick-based privately owned fish producer; price talk 9% area.

DELL INC. $3.25 billion secured notes: $2 billion first-lien notes and $1.25 billion second-lien notes; also $7.5 billion credit facility; BofA Merrill Lynch, Barclays, Credit Suisse Securities (USA) LLC, RBC Capital Markets; to help fund the acquisition of the company by Michael Dell and Silver Lake, expected to close at the end of the second quarter of 2013; Round Rock, Texas-based provider of technology and business products and services.

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.

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.

H.J. HEINZ CO.: Expected $2.1 billion second-lien notes backed by bridge loan; JPMorgan and Wells Fargo; also $12 billion senior secured credit facility; to help fund the acquisition of the company by Berkshire Hathaway and 3G Capital, expected to close in the third quarter of 2013; Pittsburgh-based food product 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.

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.

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.

PETAQUILLA MINERALS LTD.: Possible 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; possible 2013 business.

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, BofA 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

Starts March 5: COINSTAR, INC.: $300 million; BofA Merrill Lynch, Wells Fargo Securities, LLC, HSBC Securities (USA) Inc.

Pricing March 7: ACADIA HEALTHCARE $150 million; BofA Merrill Lynch, Citigroup, Jefferies.

March 6-8: METROPCS WIRELESS Benchmark offer; Deutsche Bank, Credit Suisse, JPMorgan, Morgan Stanley.


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