High Yield Calendar: $6.99 billion and €1.55 billion deals being marketed

March 18 Week

REXEL SA: $500 million and €500 million senior notes due June 15, 2020; JPMorgan (global coordinator, bill and deliver for the dollar notes), BNP (global coordinator, bill and deliver for the euro notes), Credit Agricole, HSBC, ING, Natixis, SG (joint lead bookrunners), BofA Merrill Lynch, Barclays, Credit Mutuel-CIC (joint bookrunners), Banco do Brasil, Bayerische Landesbank, Mediobanca (co-lead managers); Rule 144A and Regulation S for life; callable in 3¼ years at par plus 75% of the coupon; ratings to be determined; to refinance notes due 2016 and for general corporate purposes; producer of electrical products; price talk 5¼% to 5½% for both tranches; pricing expected Wednesday.

INTELSAT (LUXEMBOURG) SA, a subsidiary of INTELSAT SA: $1.5 billion senior notes due 2021; Goldman Sachs & Co., Morgan Stanley & Co., J.P. Morgan Securities LLC (joint); Rule 144A and Regulation S; non-callable for four years; to redeem $915 million 11½%/12½% senior PIK election notes due 2017 (the "2017 PIK notes"), redeem an additional $460 million 2017 PIK notes, and for general corporate purposes, which may include the repayment, redemption, retirement or repurchase of additional 2017 PIK notes or other outstanding debt of Intelsat Luxembourg and its subsidiaries; Luxembourg-based satellite services provider; pricing Wednesday.

SMART TECHNOLOGIES ULC and SMART TECHNOLOGIES FINANCE INC.: $250 million seven-year senior secured notes; Deutsche Bank Securities Inc. (left books), RBC Capital Markets (joint books); Rule 144A for life; non-callable for three years (special call allows the issue to redeem 10% of the notes annually at 103 during the non-call period); three-year 35% equity clawback; 101% poison put; proceeds, together with cash on hand, to repay term loan, and for general corporate purposes; Calgary, Alta.-based provider of technology solutions; investor call 12:40 p.m. ET on March 19; pricing March 22.

TAKKO HOLDING GMBH €625 million notes: TAKKO LUXEMBOURG 2 SCA €450 million six-year senior secured fixed-rate notes, non-callable for three years, and floating-rate notes, non-callable for one year, tranche sizes to be determined; also TAKKO LUXEMBOURG 1 SCA €175 million seven-year senior notes, non-callable for three years; Deutsche Bank (bill and deliver, global coordinator), Goldman Sachs, UniCredit (global coordinators), Nomura (joint bookrunner); Rule 144A and Regulation S; to repay bank debt; Munster, Germany, apparel company; pricing expected mid-to-late March 18 week.

HAWK ACQUISITION, INC. (HEINZ): $2.1 billion 7.5-year second-lien senior secured notes (B1/BB-/BB); Wells Fargo Securities LLC (left books), J.P. Morgan Securities LLC, Barclays, Citigroup Global Markets Inc. (joint books), BB Securities Ltd., BNP Paribas, Credit Suisse Securities (USA) LLC, HSBC Securities (USA) LLC, Banco Itau, Mitsubishi UFJ, PNC Capital Markets, Rabobank, RBC Capital Markets, SMBC, UBS Investment Bank (co's); Rule 144A and Regulation S with registration rights; callable in two years at par plus 50% of the coupon; upon release from escrow, proceeds to help fund the cash consideration of the acquisition of the company by Berkshire Hathaway and 3G Capital and fund the repayment of existing debt; Pittsburgh-based food product company; pricing late in the March 18 week or early in the March 25 week.

ST. BARBARA LTD. $250 million first-priority five-year senior secured notes (B2/B); Deutsche Bank Securities Inc., Barclays (joint); Rule 144A and Regulation S; non-callable for two years; to repay A$150 million of bank debt, to provide collateralization for the A$20 million performance bond and for general corporate purposes; Melbourne, Australia-based gold producer; pricing March 18 week.

PETROLOGISTICS LP and PETROLOGISTICS FINANCE CORP.: $365 million seven-year senior notes; Morgan Stanley & Co. LLC, Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., Stifel Nicolaus Weisel, UBS Investment Bank, Wells Fargo Securities LLC (joint), Nomura, SG CIB, SunTrust Robinson Humphrey Inc. (co's); Rule 144A with registration rights; non-callable for three years; to refinance existing senior secured credit facilities; Houston-based producer of propylene; investor call 11 a.m. ET March 19; pricing expected March 22.

EXTERRAN PARTNERS, LP and EXLP FINANCE CORP.: $300 million senior notes due 2021 (expected B2/confirmed B-); Wells Fargo Securities LLC (left books), Credit Agricole CIB, J.P. Morgan Securities LLC, RBC Capital Markets, RBS Securities (joint books), BofA Merrill Lynch (senior co), BB&T, Goldman Sachs & Co., Mitsubishi, PNC Capital Markets, Raymond James, Regions Securities LLC, Scotia Capital, SMBC Nikko (co's); Rule 144A and Regulation S with registration rights; non-callable for four years; to repay revolver debt; services provider to the natural gas industry; pricing late March 18 week.

MILACRON LLC and MCRON FINANCE CORP.: $465 million senior notes due 2021 (Caa1/B-); BofA Merrill Lynch, J.P. Morgan Securities LLC, Barclays, Credit Suisse Securities (USA) LLC, RBC Capital Markets (joint), KeyBanc Capital Markets, SG CIB (co's); Rule 144A for life; non-callable for three years; 101% poison put; proceeds, together with cash on hand, borrowings under the term loan and certain equity investments, will be used to fund the Mold-Masters acquisition, repay existing third party debt of Mold-Masters, and for general corporate purposes; Cincinnati-based plastics processing solutions provider; roadshow starts March 19; investor call 12:15 p.m. ET March 19; pricing late March 18 week.

NOKIA SIEMENS NETWORKS FINANCE BV: €600 million senior notes (expected ratings B2/B+) in tranches of five-year notes, non-callable for two years, and seven-year notes, non-callable for three years; JPMorgan (bill and deliver, joint global coordinator, joint bookrunner), Credit Suisse (joint global coordinator, joint bookrunner), Barclays, BofA Merrill Lynch, Citigroup, Nordea, RBS, SG CIB (joint bookrunners); Rule 144A and Regulation S for life; to refinance existing credit facilities; Espoo, Finland-based networking and telecommunications equipment company; roadshow starts March 19.

March 25 Week

KCA DEUTAG FINANCE PLC: $860 million seven-year senior secured notes (expected ratings B3/B); J.P. Morgan Securities LLC, BofA Merrill Lynch, HSBC, Lloyds TSB, Morgan Stanley & Co. (joint); Rule 144A and Regulation S for life; callable in three years at par plus 75% of the coupon; to repay debt; Aberdeen Scotland-based oil and gas services company; U.S. roadshow March 18-22, European roadshow March 26-27, pricing thereafter.

FIDELITY & GUARANTY LIFE HOLDINGS, INC.: $300 million eight-year senior notes (B1/B+/BB-); Jefferies & Co., Credit Suisse Securities (USA) LLC, Macquarie (joint); Rule 144A for life; callable in three years at par plus 75% of the coupon; to fund general corporate purposes and make a distribution to the sponsor; Baltimore-based provider of annuity and life insurance products; roadshow started March 18 and concludes early March 25 week.

Expected March Business

AMERICAN APPAREL, INC.: $200 million seven-year senior secured notes (ratings to be determined); Cowen and Co., Seaport Group; Rule 144A with registration rights and Regulation S; non-callable for three years; proceeds, along with a $35 million ABL facility, to refinance the company's capital structure; vertically integrated clothing manufacturer based in Los Angeles; expected to price by the end of March.

On The Horizon

AMERICAN AIRLINES, INC.: $663,378,000 enhanced equipment trust certificates; $506.7 million class B due July 15, 2025 (/BBB-/BBB+); $156.6 million class B due Jan. 15, 2021 (/B+/B); Rule 144A, Regulation S; secured by eight Boeing aircraft; Fort Worth, Texas-based commercial airline.

CANADIAN ENERGY SERVICES & TECHNOLOGY CORP.: Senior notes; Scotia Capital Inc. and RBC Capital Markets (joint bookrunners); proceeds to repay $160 million bridge facility used to fund acquisition; Calgary, Alta.-based oil and natural gas industry services provider; private placement; pricing expected 30 days-90 days.

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.

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.

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.

GARDNER DENVER INC.: New senior notes backed by a bridge loan; Deutsche Bank Securities Inc., UBS Securities LLC, Barclays, Citigroup Global Markets Inc., RBC Capital Markets, Mizuho Corporate Bank Ltd., KKR Capital Markets; to help fund its purchase by Kohlberg Kravis Roberts & Co. LP, expected to close in the third quarter of 2013; Wayne, Pa.-based manufacturer of industrial compressors, blowers, pumps, loading arms and fuel systems.

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.

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.

NIELSEN HOLDINGS NV: $1.3 billion bridge, most or all to be taken out with high-yield bonds, to fund its acquisition of Arbitron Inc.; J.P. Morgan Securities LLC; Nielsen is a New York and Netherlands-based provider of information and insights into what consumers watch and buy; Arbitron is a Columbia, Md.-based media and marketing research firm.

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.

Roadshows

Pricing late March 18 week or early March 25 week: HEINZ $2.1 billion; Wells Fargo, JPMorgan, Barclays, Citigroup.

Pricing expected March 22: SMART TECHNOLOGIES $250 million; Deutsche Bank, RBC.

Pricing March 18 week: ST. BARBARA $250 million; Deutsche Bank, Barclays.

Pricing expected March 22; PETROLOGISTICS; Morgan Stanley, Citigroup, Goldman Sachs, Stifel Nicolaus, UBS, Wells Fargo.

Pricing mid-to-late March 18 week: TAKKO €625 million; Deutsche Bank, Goldman Sachs, UniCredit, Nomura.

Pricing late March 18 week: EXTERRAN $300 million; Wells Fargo, Credit Agricole, JPMorgan, RBC, RBS.

Started March 18: KCA DEUTAG $860 million; JPMorgan, BofA Merrill Lynch, HSBC, Lloyds, Morgan Stanley.

Started March 18: FIDELITY & GUARANTY LIFE: $300 million; Jefferies, Credit Suisse, Macquarie.

Starts March 19: MILACRON $465 million; BofA Merrill Lynch, JPMorgan, Barclays, Credit Suisse, RBC.

Starts March 19: NOKIA SIEMENS NETWORKS €600 million; JPMorgan, Credit Suisse, Barclays, BofA Merrill Lynch, Citigroup, Nordea, RBS, SG.

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