High Yield Calendar: $1.95 billion deals being marketed

November 14 Week

PHARMACEUTICAL PRODUCT DEVELOPMENT, INC.: $700 million eight-year senior notes; J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., UBS Securities Inc.; non-callable for three years; also $1.5 billion credit facility; 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; pricing expected during Nov. 14 week.

TRINSEO MATERIALS OPERATING SCA: $450 million senior notes due 2018 (B3/B+); Barclays Capital Inc. (left lead), Deutsche Bank Securities Inc., BMO Securities, Citigroup Global Markets, Goldman Sachs & Co., HSBC; Rule 144A and Regulation S with registration rights; non-callable for four years; to repay bank debt and for general corporate purposes; diversified chemical company; roadshow Nov. 14-18.

KODIAK OIL & GAS CORP.: $550 million eight-year senior notes; Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets, RBC Capital Markets, Wells Fargo Securities LLC; Rule 144A and Regulation S with registration rights; non-callable for four years; three-year 35% equity clawback; 101% poison put; to fund acquisitions, pay down debt and for general corporate purposes; Denver-based energy exploration and development company; roadshow starts Nov. 15; pricing Nov. 14 week.

ENTERCOM RADIO, LLC: $250 million senior notes due 2019 (Caa1/B-); Bank of America Merrill Lynch (left books), Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. (joint books), Deutsche Bank Securities Inc., SunTrust Robinson Humphrey (co's); Rule 144A with registration rights; non-callable for four years; 101% poison put; proceeds, together with borrowings under the new $345 million seven-year term loan and $50 million five-year revolver, to repay the existing credit facilities and for general corporate purposes; Bala Cynwyd, Pa.-based radio broadcasting company; roadshow started Nov. 14; investor call 12:15 p.m. ET Nov. 15; pricing late Nov. 14 week.

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.

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.

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.

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

Pricing Nov. 14 week: PHARMACEUTICAL PRODUCT DEVELOPMENT, INC. $700 million; J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., UBS Securities Inc.

Nov. 14-18: TRINSEO MATERIALS OPERATING SCA $450 million; Barclays Capital Inc., Deutsche Bank Securities Inc., BMO Securities, Citigroup Global Markets, Goldman Sachs & Co., HSBC.

Started Nov. 14: ENTERCOM RADIO, LLC $250 million; Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC.

Starts Nov. 15: KODIAK OIL & GAS CORP. $550 million; Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets, RBC Capital Markets, Wells Fargo Securities LLC.

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