High Yield Calendar

April 28 Week

CONSOLIDATED MINERALS: $400 million senior secured notes due 2020; Deutsche Bank Securities Inc.; non-callable for three years; to redeem existing 8 7/8% notes due 2018; supplier of manganese ore and other steel-making commodities, based in Jersey, Channel Islands; European roadshow started April 24; U.S. roadshow early April 28 week.

CONSTELLIUM NV €590 million equivalent senior notes in tranches of euro-denominated notes due 2021, non-callable for three years, and dollar-denominated notes due 2024, non-callable for five years; Deutsche Bank (bill and deliver), BNP Paribas, Goldman Sachs, HSBC, Morgan Stanley, Natixis, SG CIB (joint); Rule 144A and Regulation S; to repay existing term loan in full, and for general corporate purposes; Amsterdam-based manufacturer of aluminum products for applications including aerospace, automotive and packaging; European roadshow started April 24; U.S. roadshow during the April 28 week.

PUBLIC POWER CORP.: €500 million senior notes (/expected B/) due 2017, non-callable, and due 2019, non-callable for two years; Credit Suisse (bill and deliver, joint global coordinator), Deutsche Bank (joint global coordinator), Alpha Bank, Citigroup, Eurobank, HSBC, NBG, Piraeus Bank (joint bookrunners); Rule 144A and Regulation S; to partially prepay existing loans, finance capital and for general corporate expenses; Athens-based electricity supplier; European roadshow April 25-29.

CENTURY COMMUNITIES INC.: $200 million senior notes (B3) due 2022; non-callable for three years; B of A Merrill Lynch, J.P. Morgan Securities LLC, FBR Capital Markets; Rule 144A and Regulation S; Greenwood Village, Colo.-based homebuilder; proceeds to repay all outstanding debt under its existing revolving credit facility and for the acquisition and development of land, also general corporate purposes; to price in April 28 week.

AIR BERLIN PLC: At least €150 million equivalent of new notes; tranches of euro-denominated fixed-rate notes and Swiss franc-denominated fixed-rate notes due 2019 or due 2021; Berlin-based air carrier; part of a recapitalization that also includes an exchange offer and the issuance of €300 million of 8% subordinated convertibles by Air Berlin Finance BV to Etihad Airways PJSC and the extension of Air Berlin's partially undrawn credit facility with its largest shareholder to 2021 from 2016; coupon will be 6% to 6¾% for the euro notes and 5½% to 6¼% for the Swiss franc notes; coupons to be announced by May 2.

On The Horizon

ACTUANT ELECTRICAL: $60 million senior subordinated notes; also $150 million credit facility led by RBC Capital Markets and NXT Capital; to help fund the buyout of the company by Sentinel Capital Partners from Actuant Corp.; Actuant Electrical is a Menomonee Falls, Wis.-based provider of products for the retail do-it-yourself, marine, industrial OEM and wholesale electrical markets.

AERCAP HOLDINGS NV: Long-term bonds, approximately 40% secured and 60% unsecured; also $1 billion revolver; UBS Investment Bank, Citigroup Global Markets; to fund its purchase of International Lease Finance Corp. from American International Group Inc., expected to close during the second quarter of 2014; AerCap is a Netherlands-based aircraft leasing company. ILFC is a Los Angeles-based commercial aircraft lessor.

ALBEA: $150 million five-year senior secured PIK toggle notes (expected ratings Caa2/CCC+); JPMorgan, BofA Merrill Lynch (joint); non-callable for one year; to fund a dividend; Gennevilliers, France-based personal care products company.

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.

DFC GLOBAL CORP.: $750 million senior secured notes backed by a bridge loan via Jefferies Finance LLC and Credit Suisse Securities (USA) LLC; also $125 million credit facility; to help the acquisition of DFC Global by Lone Star Funds, expected to close during the third quarter of 2014; Berwyn, Pa.-based financial services company.

FRONTIER COMMUNICATIONS CORP.: $1.9 billion senior notes backed by bridge; J.P. Morgan Securities LLC; to fund the acquisition of AT&T Inc.'s wireline business and statewide fiber network in Connecticut; Stamford, Conn.-based wireline telecommunications provider; expected during the second or third quarter of 2014.

GENEL ENERGY PLC: $400 million five-year senior notes; DNB Markets and Pareto Securities (joint); London-based oil and natural gas exploration and production company operating in the Middle East and Africa, claiming to be the largest independent oil producer in the Kurdistan Region of Iraq; proceeds for field development costs and general corporate purposes.

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; 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.

MALLINCKRODT PLC: Up to $500 million new senior notes backed by a bridge loan and $1.35 billion term loan; Barclays; to help fund the acquisition of Questcor Pharmaceuticals Inc., an Anaheim Hills, Calif.-based biopharmaceutical company, expected to close in the third quarter of 2014; Mallinckrodt is a Dublin, Ireland-based pharmaceuticals company.

MEN'S WEARHOUSE: $600 million senior notes and a $1.6 billion credit facility; BofA Merrill Lynch and J.P. Morgan Securities LLC; to help fund its purchase of Jos. A. Bank Clothiers expected to close in the third quarter of 2014; Men's Wearhouse is a Houston-based specialty retailer of men's apparel. Jos. A. Bank is a Hampstead, Md.-based designer, manufacturer and retailer of men's apparel, footwear and accessories.

NINE WEST HOLDINGS INC.: $455 million senior unsecured bridge loan or senior notes; also $720 million credit facility scheduled to launch Feb. 14, including a $470 million term loan led by Morgan Stanley Senior Funding Inc., Jefferies Finance LLC and MCS Capital Markets LLC and $250 million asset-based revolver led by Wells Fargo Securities LLC and Bank of America Merrill Lynch; to help fund the buyout of parent company Jones Group Inc. by Sycamore Partners; marketer and wholesaler of apparel, footwear and accessories.

ORTHO-CLINICAL DIAGNOSTICS: $1.15 billion high-yield notes backed by a bridge loan led by Goldman Sachs & Co., Barclays, Credit Suisse, UBS and Nomura; also $2.175 billion term loan B and $1.025 billion equity; to help fund the buyout of Ortho-Clinical Diagnostics by the Carlyle Group from Johnson & Johnson; Raritan, N.J.-based provider medical diagnostic testing services; expected second-quarter 2014 business.

PROSPECTOR OFFSHORE DRILLING SA: $100 million five-year second-lien bonds via subsidiary Prospector Finance II Sarl; DNB Markets, Pareto Securities, Swedbank (joint); proceeds along with funds from $270 million loan to fully finance the delivery of Prospector 5 drilling rig, which is expected to occur in early June, to refinance existing debt secured by the Prospector 1 drilling rig and for general corporate purposes; Luxembourg-based drilling contractor.

SAFEWAY INC.: $1,625,000,000 senior secured notes and $9.45 billion credit facility; Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc., Barclays, Deutsche Bank Securities Inc., PNC Capital Markets LLC, US Bank, SunTrust Robinson Humphrey Inc.; to fund the buyout of Safeway, expected to close in the fourth quarter of 2014; Pleasanton, Calif.-based food and drug retailer.

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.

VISANT CORP.: Up to $100 million senior notes and $260 million credit facility; Credit Suisse Securities (USA) LLC; to help fund its acquisition of American Achievement Group Holding Corp., expected to close no later than the second quarter of 2014; Visant is an Armonk, N.Y.-based marketing and publishing company. Jostens is a Minneapolis-based yearbook and scholastic affinity company.

WEYERHAEUSER REAL ESTATE CO. (WRECO): $800 million new senior unsecured notes; to help fund the merger with TRI Pointe Homes in a transaction valued at about $2.7 billion, anticipated to close in the second quarter of 2014 (a portion of the proceeds to be paid to Weyerhaeuser at closing); homebuilding subsidiary of Federal Way, Wash.-based Weyerhaeuser Co.

ZEBRA TECHNOLOGIES CORP.: $3.25 billion bonds and bank debt; Morgan Stanley; to fund the acquisition of Motorola Solutions, Inc.'s enterprise business; Lincolnshire, Ill.-based printing technologies company.

Roadshows

Started April 24: CONSTELLIUM €590 million; Deutsche Bank, BNP Paribas, Goldman Sachs, HSBC, Morgan Stanley, Natixis, SG CIB.

Started April 24: CONSOLIDATED MINERALS $400 million; Deutsche Bank.

Started April 29: ESSAR STEEL MINNESOTA $450 million; Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Jefferies & Co.

April 25-29: PUBLIC POWER CORP. €500 million; Credit Suisse, Deutsche Bank, Alpha Bank, Citigroup, Eurobank, HSBC, NBG, Piraeus Bank.

April 30-May 6: FORESTAR GROUP INC. $250 million; Goldman Sachs & Co., KeyBanc Capital Markets Inc., J.P. Morgan Securities LLC

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