High Yield Calendar: $2.48 billion deals being marketed

April 17 Week

TEMPO ACQUISITION LLC (unsecured ratings Caa1/CCC+): $730 million senior notes due 2025; Barclays (left books), BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Macquarie, Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., RBC Capital Markets, CIBC (joint books), Blackstone (co); Rule 144A and Regulation S for life; callable after three years at par plus 50% of coupon; three-year 40% equity clawback; 101% poison put; to finance Blackstone’s acquisition of Aon plc's technology-enabled benefits and human resources platform; technology-enabled human resources solutions business of Aon plc; roadshow April 17-19, pricing thereafter.

CLEARWATER SEAFOODS INC.: $250 million senior notes due 2025 (expected ratings B3/B+); Wells Fargo Securities LLC (left books), BMO, BofA Merrill Lynch (joint books), Rabo Securities (senior co), Scotia (co); Rule 144A and Regulation S for life; callable after three years at par plus 75% of coupon; proceeds, together with expected borrowings under the new term loan revolver, to repay certain debt under the existing credit facilities, with remainder, if any, for general corporate purposes; vertically integrated seafood harvester, processor and distributor; roadshow April 17-21; pricing expected April 21.

LAUREATE EDUCATION, INC.: $800 million eight-year senior notes; J.P. Morgan Securities LLC, Barclays, BMO Capital Markets, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., KKR, Macquarie; Rule 144A and Regulation S for life; callable after three years at par plus 75% of coupon; to refinance term loan B and senior notes due 2019; Baltimore-based global network of degree-granting higher education institutions; roadshow started April 17; initial guidance 8%; pricing expected April 21.

E.W. SCRIPPS CO.: $400 million senior notes due 2025 (expected ratings Ba2/BB); Wells Fargo Securities LLC (left books), BofA Merrill Lynch, J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc. (joint books), Fifth Third Securities, PNC, U.S. Bancorp Investments Inc. (co's); Rule 144A and Regulation S for life; callable after three years at par plus 75% of coupon; to repay $391 million term loan B, with any remaining proceeds for general corporate purposes; broadcasting company; roadshow starts Tuesday; pricing late April 17 week.

DRAX FINCO PLC (DRAX GROUP CO.) £500 million two-part five-year senior secured notes (expected ratings BB+/BB+): £275 million minimum fixed-rate notes with two years of call protection, Also floating-rate notes with one year of call protection; Barclays (joint books, bill and deliver), JPMorgan (joint books), BofA Merrill Lynch, Lloyds (co's); Rule 144A and Regulation S for life; to repay bridge facility and refinance existing term debt; Selby, England-based coal and biomass generator; roadshow April 19-20.

NOMAD FOODS LTD.: €500 million senior secured notes with expected seven-year maturity, expected to be led by Goldman Sachs; also €500 million and $510 million term loans; to refinance in full its existing euro- and sterling-denominated term loans and floating-rate senior secured notes issued by Nomad Foods BondCo plc (formerly Iglo Foods BondCo plc) due 2020; refinancing via Credit Suisse, Deutsche Bank, Goldman Sachs and UBS; bonds expected to launch early April 10 week.

April 24 Week

GARDA WORLD SECURITY CORP.: $630 million senior notes (Caa2/CCC+); also $1.22 billion credit facility via Barclays, Citigroup, Macquarie, TD, SG, Jefferies; for refinancing and recapitalization; Montreal-based cash logistics and security solutions provider; notes expected to launch April 24.

Expected April Business

BOOZ ALLEN HAMILTON INC., a wholly owned subsidiary of BOOZ ALLEN HAMILTION HOLDING CORP.: $350 million senior notes; Rule 144A and Regulation S; to repay revolver, with any remaining proceeds for working capital and other general corporate purposes, including the repayment of all- or a portion of the outstanding deferred payment obligation established in connection with Carlyle Group's acquisition of Booz Allen in 2008; McLean, Va.-based provider of management and technology consulting services, and engineering services to governments, corporations and not-for-profit organizations.

VOYAGE CARE BONDCO PLC £250 million secured notes: £210 million senior secured notes due 2023 and £40 million second-lien notes due 2023; Rule 144A and Regulation S; proceeds, together with equity to be injected in Voyage BidCo Ltd. by certain of its shareholders, expected draw on a new revolver and cash on hand, to fully redeem the £222 million 6½% senior secured notes due 2018 and £50 million 11% second-lien notes due 2019 on May 13, and fund working capital requirements; Cannock, England-based services provider for individuals with disabilities; announced in April 18 press release.

On The Horizon

BRAND ENERGY & INFRASTRUCTURE SERVICES: $700 million bridge loan; also $3.33 billion credit facility; Goldman Sachs, Barclays, ING Capital and Natixis; to help fund its acquisition of Safway Group from Odyssey Investment Partners; Brand Energy, a portfolio company of Clayton, Dubilier & Rice, is a Kennesaw, Ga.-based provider of specialized services to energy, industrial and infrastructure customers; Safway is a Waukesha, Wis.-based provider of scaffolding and motorized aerial access solutions and insulation and coating services to commercial, industrial and infrastructure customers; announced in March 23 press release.

CENTURYLINK: $2.15 billion senior secured bridge loan launched Feb. 10 via Morgan Stanley (other banks involved in the debt commitment include Bank of America, MUFG, Barclays, JPMorgan, Wells Fargo, RBC, Goldman Sachs, SunTrust, Mizuho, Regions Bank, Fifth Third, Credit Suisse and U.S. Bank); help fund acquisition of Level 3 Communications Inc., expected to close in the third quarter of 2017; Monroe, La., communications, hosting, cloud and IT services company.

EXAMWORKS GROUP INC.: $340 million eight-year senior notes; BofA Merrill Lynch, Barclays, Deutsche Bank Securities Inc. and SunTrust Robinson Humphrey Inc.; also $920 million credit facility; help fund buyout by Leonard Green & Partners LP; Atlanta-based provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management and related services; was expected as June 2016 business.

EXELA TECHNOLOGIES: $825 million bridge loan and $625 million credit facility via RBC Capital Markets LLC, Credit Suisse Securities (USA) LLC, Natixis Securities Americas LLC and KKR Capital Markets LLC; to help fund the merger of Quinpario Acquisition Corp. 2, SourceHOV LLC and Novitex Holdings Inc., which will create Exela; Quinpario is a St. Louis-based special purpose acquisition company; SourceHOV, majority owned by HandsOn Global Management LLC, is an Irving, Texas-based transaction processing services provider; Novitex is a West Stamford, Conn.-based provider of technology-driven managed services; announce in April 3 PREM14A filing.

GODADDY INC.: $530 million bridge financing and $1,377,000,000 incremental term loan; to help fund the acquisition of Host Europe Group from Cinven, expected in the second quarter of 2017; GoDaddy is Scottsdale, Ariz.-based provider of web hosting and domain names; Host Europe is an England-based hosting provider and domain registrar.

JACOB HOLM & SONNER HOLDING A/S: Euro-denominated secured bonds; SEB; some proceeds will be used to call the issuer’s SEK 650 million of senior secured bonds; Basel, Switzerland-based manufacturer of nonwoven roll goods; investor meetings started March 6.

LESLIE'S POOLMART INC.: $390 million senior notes, downsized from $420 million with the upsizing of the term loan to $810 million from $780 million (term loan, via Nomura, launched in late July 2016); to refinance debt and fund a dividend; Phoenix-based retailer of swimming pool supplies and related products.

MMI INTERNATIONAL LTD. $300 million senior secured notes due 2021 (expected ratings B2/B+); Goldman Sachs & Co. (left books), ANZ, KKR, Standard Chartered (joint books); Rule 144A and Regulation S; pay down term loan A; Singapore-based technology company with a focus on key components for the hard disk drive industry; international roadshow ran in late October into early November; initial guidance 9% area.

SUPERIOR INDUSTRIES INTERNATIONAL INC.: $260 million senior notes and $500 million credit facility; Citigroup, JPMorgan, RBC, Deutsche Bank; to help fund its acquisition of Uniwheels AG; Superior Industries is a Southfield, Mich.-based manufacturer of aluminum wheels; Uniwheels is a Germany-based supplier and manufacturer of aluminum wheels; announced in March 23 press release.

TEEKAY OFFSHORE PARTNERS LP: $250 million minimum bonds due in 2018 and 2019 to be offered in the U.S. and Norwegian markets, expected to receive third-party credit ratings as energy markets improve; to refinance debt; Hamilton, Bermuda-based provider of marine transportation, oil production, storage, towage and maintenance and safety services to the oil industry; announced in June 17, 2016 press release.

TELEFLEX INC.: Possible senior notes could come as an opportunistic deal to repay bank debt; also $750 million term loan to fund the acquisition of Vascular Solutions Inc., expected to close in the first half of 2017 (company has received a commitment from JPMorgan Chase Bank for a new $750 million senior unsecured bridge facility in connection with the planned acquisition); Teleflex is a Wayne, Pa.-based provider of medical technologies; Vascular Solutions is a Minneapolis-based medical device company; disclosed during Dec. 2 conference call.

UNITED RENTALS, INC.: New underwritten debt issue to help fund the Chicago-based NES Rentals Holdings II, Inc. for $965 million in cash, expected to close in the second quarter of 2017; financing will also make use of a draw on the asset-based facility; United Rentals is a Stamford, Conn., equipment rental company.

U.S. XPRESS ENTERPRISES INC.: $320 million eight-year senior notes (B3/B+); J.P. Morgan Securities LLC, Wells Fargo Securities LLC (joint); non-callable for three years; to repay term loan and 2007 restated term loan; Chattanooga, Tenn.-based intermodal freight company.

Roadshows

April 17-19: TEMPO ACQUISITION $730 million; Barclays, BofA Merrill Lynch, Credit Suisse, Citigroup, Macquarie, Morgan Stanley, Deutsche Bank, Goldman Sachs, RBC, CIBC.

Started April 17: LAUREATE EDUCATION $800 million; JPMorgan, Barclays, BMO, Citigroup, Credit Suisse, Goldman Sachs, KKR, Macquarie.

Starts April 18: E.W. SCRIPPS $400 million; Wells Fargo, BofA Merrill Lynch, JPMorgan, SunTrust.

April 17-21: CLEARWATER SEAFOODS $250 million; Wells Fargo, BMO, BofA Merrill Lynch.

April 19-20: DRAX £500 million; Barclays, JPMorgan.

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