High Yield Calendar: $520 million, C$550 million and €150 million deals being marketed

October 24 Week

ACADIA HEALTHCARE CO., INC.: $150 million seven-year senior notes (B3/B-/); Jefferies & Co.; Rule 144A with registration rights; non-callable for four years; to consummate merger of Acadia and Pioneer Behavioral Health; Franklin, Tenn.-based inpatient behavioral health care services provider; price talk 12¾% coupon plus up to 1.25 points of OID; books close 5 p.m. ET Wednesday; pricing Thursday morning.

MANNKIND CORP.: $370 million proceeds via senior discount notes due 2017; Global Hunter Securities, Knight Capital Group (joint); Rule 144A and Regulation S; non-callable for three years; 101% poison put; for development and operating capital, including completion of the phase 3 clinical trials and commercialization of MannKind's lead product candidate, Afrezza, continuing the build-out of MannKind's Danbury, Conn., manufacturing facility, ongoing research and development and general corporate purposes; Valencia, Calif.-based biopharmaceutical company.

SHERRITT INTERNATIONAL CORP.: C$300 million senior notes due 2018 (DBRS: BB); GMP Securities, National Bank Financial (joint), Scotia Capital (co); to refinance 7 7/8% senior debentures due 2012, including the make-whole premium, and for general corporate purposes; Toronto-based miner and refiner of nickel; roadshow Thursday and Friday; pricing expected Friday afternoon.

AIR BERLIN PLC & CO. LUFTVERKEHR KG: Up to €150 million 11½% bonds due Nov. 1, 2014 to be priced at par; Quirin Bank AG; to refinance debt; Berlin-based air carrier; subscription period Oct. 26-28.

CARA OPERATIONS LTD.: C$75 million of five-year senior second-lien guaranteed notes (/BB-/-/DBRS: B); Scotia Capital Inc. (lead) RBC Capital Markets Corp., TD Securities Inc., BNP Paribas (Canada) and CIBC World Markets Inc. (co-managers); non-callable for three years; change-of-control put at 101%; equity claw up to 35% in the first three years; Canada call at 50 bps spread; proceeds to finance acquisition of Prime Restaurants Inc.; Vaughan, Ont.-based Cara is Canada's largest full-service restaurant operator; expected to close in early November.

October 31 Week

GREENFIELD ETHANOL INC.: C$175 million of five-year senior second-lien notes (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; roadshow Oct. 24 through Nov. 2 in Vancouver, B.C., Montreal and Toronto.

Expected Fourth Quarter Business

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.

CONVERGEX HOLDINGS LLC: New senior notes, revolver and first-lien term loan; Bank of America Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. Inc., Citigroup Global Markets Inc.; to help fund the acquisition of ConvergEx by CVC Capital Partners from GTCR, expected to close Fall 2011 subject to financing and regulatory approval; New York-based technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries.

DATATEL INC.: High-yield bonds via J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC; to help fund the acquisition of SunGard Higher Education by Hellman & Friedman LLC and the concurrent merger with Datatel, for $1.775 billion in cash; SunGard Higher Education is a Malvern, Pa.-based provider of software and services to higher education; Datatel is a Fairfax, Va.-based provider of technology products and services to higher education; expected 2011 business.

ENERGY TRANSFER EQUITY, LP: $3.2 billion high-yield bonds to help complete the $7.9 billion merger of Energy Transfer and Southern Union Co., including repayment of $3.7 billion of Southern Union debt, expected to close in the first quarter of 2012; Energy Transfer is a Dallas-based oil and gas pipeline company.

PEABODY ENERGY CORP.: $1 billion-plus high-yield bonds; Bank of America Merrill Lynch, UBS Securities LLC and Morgan Stanley & Co. LLC; also $1 billion senior unsecured term loan and cash on hand; to fund the acquisition of Macarthur Coal Ltd.; Peabody is a St. Louis-based coal company. Macarthur Coal is an Australia-based producer of low-volatile PCI metallurgical coal.

PHARMACEUTICAL PRODUCT DEVELOPMENT, INC.: $700 million senior notes and $1.5 billion credit facility; Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co., UBS Securities Inc.; to help fund the acquisition of the company by Carlyle Group and Hellman & Friedman for $3.9 billion, expected to close in the fourth quarter of 2011, subject to shareholder and regulatory approvals; financing also included $1.76 billion sponsor equity; Wilmington, N.C.-based product development and management services provider to the pharmaceutical research industry.

RIVER ROCK ENTERTAINMENT AUTHORITY $205 million seven-year senior notes (B3/B-): $110 million series A taxable notes and $95 million series B tax-exempt notes; Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC; Rule 144A; also $27.6 million private placement of 6½% senior subordinated notes due 2019; to retire the authority's 9¾% senior notes due 2011 and the outstanding notes of the Dry Creek Rancheria Band of Pomo Indians, and to fund construction of an emergency access road over the tribe's reservation and a piece of newly acquired property; Geyserville, Calif.-based River Rock Entertainment operates the River Rock Casino.

On the Horizon

DIAMOND FOODS INC.: $300 million notes; also $1.75 billion credit facility; Bank of America Merrill Lynch; to help fund merger with Pringles Co., expected to close by the end of 2011; Diamond Foods is a San Francisco-based packaged food company. Pringles is a potato crisp brand.

DNO INTERNATIONAL ASA: $200 million to $300 million senior secured bonds due 2016; Pareto Securities AS, ABG Sundal Collier ASA and Fearnley Fonds ASA; for general corporate purposes; Oslo oil and gas exploration and production company.

M&G FINANCE CORP.: $500 million senior notes due 2018 (expected ratings B3//BB); J.P. Morgan Securities LLC (books); Rule 144A and Regulation S for life; non-callable for four years; to fund capital expenditures, to repay debt, to provide liquidity and for 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.

NEWLEAD HOLDINGS LTD.: $120 million senior secured bonds due 2016; Rule 144A and Regulation S; to finance vessel purchase commitments, to refinance the debt of certain vessels and for general corporate purposes; Piraeus, Greece-based vertically integrated mixed fleet shipping company.

SIAG SCHAAF INDUSTRIE AG: Up to €50 million five-year notes (/CCC+/); IKG (lead manager), Steubing (co-lead); manufacturer of steel components for onshore and offshore wind turbines.

SPIE: Expected €300 million to €400 million notes; Morgan Stanley, HSBC, SG CIB, Credit Agricole CIB, Deutsche Bank; proceeds along with approximately €1 billion of bank debt to help fund the LBO of the company by Clayton Dubilier & Rice, Axa Private Equity and Caisse de Depot et Placement du Quebec from PAI Partners from PAI Partners; France-based mechanical engineering firm; LBO closed on Aug. 30; bridge loan funded as leads await opportunity to sell the bonds.

WII COMPONENTS, INC.: New subordinated notes and new credit facility; to fund a tender offer and consent solicitation for its $105.85 million of 10% senior notes due 2012, consent deadline July 7, 2011; St. Cloud, Minn., cabinet manufacturer.

ROADSHOWS

Through Nov. 2 week: GREENFIELD ETHANOL INC. C$175 million; Scotia Capital Inc.

Oct. 26-28: AIR BERLIN PLC & CO. LUFTVERKEHR KG Up to €150 million; Quirin Bank AG.

Oct. 27-28: SHERRITT INTERNATIONAL CORP. C$300 million; GMP Securities, National Bank Financial.

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