High Yield Calendar: $3.89 billion and €1.11 billion deals being marketed

Jan. 20 Week

AUTODIS SA (AUTODISTRIBUTION GROUP): €240 million senior secured notes due 2019; JPMorgan (books), Oddo & Cie (co); Rule 144A and Regulation S for life; non-callable for two years; to repay debt and fund the acquisition of ACR Group; Autodistribution is an Arcueil, France-based supplier of automobile and truck parts; ACR Group is a Gennevilliers, Hauts de Seine, France-based supplier of brake, chassis and engine parts, as well as alternators and starters; price talk 6¾% area; pricing Thursday.

JURASSIC HOLDINGS III, INC. to be NESCO, LLC and co-issued by NESCO FINANCE CORP.: $500 million senior secured second-lien notes due 2021 (Caa1); Morgan Stanley & Co. LLC, Barclays (joint); Rule 144A for life; non-callable for three years; proceeds, together with equity from Energy Capital Partners and borrowings under a new asset based facility, to finance the acquisition of Nesco from Platinum Equity; Fort Wayne, Ind.-based provider of fleet equipment rental, sales and services; investor call and New York group lunch at noon ET Jan. 21; pricing expected Jan. 24.

HARLAND CLARKE HOLDINGS CORP. $865 million notes: $275 million senior secured notes due 2020 (B1/B+/), callable in three years at par plus 50% of the coupon, and $590 million senior unsecured notes due 2021 (Caa1/B-/), callable in three years at par plus 75% of the coupon; Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., PNC Capital Markets, Union Bank (joint); Rule 144A and Regulation S for life; both tranches feature three-year 35% equity clawbacks and 101% poison puts; to help fund its acquisition of Valassis and refinance debt; Harland Clarke is a San Antonio-based provider of payment, marketing and security services. Valassis is a Livonia, Mich.-based provider of media solutions; roadshow starts Jan. 22.

WATERJET HOLDINGS INC.: $200 million senior secured notes due 2020 (B2); Goldman Sachs & Co., Morgan Stanley & Co. LLC (joint); Rule 144A and Regulation S for life; non-callable for three years; proceeds, together with sponsor equity and proceeds from the Advanced Systems transaction, to finance the Flow acquisition, pay off Flow's revolver, and repay all existing Waterjet debt; waterjet cutting technology company formed by the combination of Kent, Wash.-based Flow International Corp. and Baxter Springs, Kan.-based KMT Group AB; roadshow started Jan. 16; pricing expected at the end of the Jan. 20 week.

NORTH ATLANTIC DRILLING: $600 million senior notes due 2019; Goldman Sachs & Co., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co.; Rule 144A and Regulation S; non-callable; to repay $500 million 7¾% unsecured bond held by Seadrill, including the $22.5 million early call premium; Hamilton, Bermuda-registered leading offshore drilling company in which Seadrill Ltd. currently holds a 74% stake; roadshow Jan. 21-24.

PLAY €870 million equivalent notes in three tranches: PLAY FINANCE 2 SA: €630 million equivalent five-year senior secured notes, non-callable for two years, in tranches of euro and zloty-denominated notes, and PLAY FINANCE 1 SA: €240 million 5.5-year senior unsecured notes, non-callable for 2.5 years; BofA Merrill Lynch, JPMorgan (joint physical books), Credit Suisse (joint books), Alpha Bank, Bank Zachodni, Eurobank, Piraeus Bank (co's); Rule 144A and Regulation S for life; to refinance debt and fund a distribution to shareholders; Warsaw-based mobile telecommunications company; roadshow until Jan. 24, pricing thereafter.

CAMAC ENERGY INC.: $300 million five-year senior secured notes; Arctic Securities; Rule 144A and Regulation S; to further develop the Oyo Field located offshore Nigeria in OML Block 120; Houston-based independent oil and gas exploration and production company; roadshow Jan. 13 in Connecticut, Jan. 14 in Boston; Jan. 14-15 in London, Jan. 16 in Johannesburg, Jan. 17 in Cape Town.

INTREPID AVIATION GROUP HOLDINGS LLC and INTREPID AVIATION GROUP FINANCE CO.: $250 million senior notes due 2019; BofA Merrill Lynch, Jefferies LLC (joint), Goldman Sachs & Co., DVB Bank (co's); Rule 144A and Regulation S for life; callable in two years at par plus 50% of the coupon; for general corporate purposes, including the purchase of aircraft; Stamford, Conn.-based commercial aircraft leasing company; roadshow Jan. 23-24; pricing Jan. 24 or Jan. 27.

Jan. 27 Week

PUMA INTERNATIONAL FINANCING SA (PUMA ENERGY HOLDINGS PTE. LTD.): $750 million senior notes due 2021 (Ba2//BB); Goldman Sachs International, SG CIB; non-callable for three years; to refinance debt and fund development; Singapore-based oil and gas products and services company; global roadshow Jan. 20-27.

NORTHERN BLIZZARD RESOURCES INC.: $425 million senior notes due 2022 (expected ratings B3/B-); J.P. Morgan Securities (USA) LLC, TD Securities, CIBC World Markets, RBC Capital Markets, Scotia Capital, Wells Fargo Securities LLC; Rule 144A and Regulation S; callable in three years at par plus 75% of the coupon; to repay revolver; Calgary, Alta.-based oil and gas exploration and production company; pricing expected Jan. 27.

Expected January Business

GLASSTANK BV (YIOULA GLASSWORKS SA): €165 million senior secured notes due 2020; Citigroup Global Markets Ltd. (sole books); Rule 144A and Regulation S; non-callable for three years; to refinance debt and for general corporate purposes; Greece-based glass container manufacturer holding meetings with bond investors, and a deal may follow, pending management discretion and market conditions.

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.

CEC ENTERTAINMENT INC.: $305 million senior notes and $875 million credit facility; Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc. and UBS Securities LLC; to help fund its purchase by Apollo Global Management LLC (go-shop period until Jan. 29); Irving, Texas-based operator of Chuck E. Cheese's family dining and entertainment stores.

FOREST LABORATORIES INC.: $1.6 billion to $1.9 billion bonds, backed by a bridge loan; to fund the acquisition of Aptalis, acquisition expected in the first half of 2014; Morgan Stanley acted as financial adviser to Forest Laboratories, J.P. Morgan Securities LLC acted as financial adviser to Aptalis; Forest Laboratories is a New York-based specialty pharmaceutical company. Aptalis is a Bridgewater, N.J.-based specialty pharmaceutical company.

FRONTIER COMMUNICATIONS CORP.: $1.9 billion unsecured bridge loan expected to be taken out with debt financing in the second or third quarter of 2014; J.P. Morgan Securities LLC; to help fund its $2 billion acquisition of AT&T Inc.'s wireline business and statewide fiber network in Connecticut; Stamford, Conn.-based wireline telecommunications provider.

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.

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.

GOOD SAM ENTERPRISES LLC: New high-yield notes; to fund the tender for the 11½% senior secured notes due 2016, via dealer manager Goldman Sachs & Co., early deadline Nov. 19; Lincolnshire, Ill.-based specialty retailer of RV-related products and a member-based direct marketing organization targeting recreational vehicle owners and outdoor enthusiasts.

IONA ENERGY CO. (UK) LTD. (IONA ENERGY INC.): $250 million to $300 million callable senior secured bonds; Pareto Securities; to refinance credit facility, of which approximately $139 million is drawn, and to partially retire its existing structured energy derivative transaction, also to fund the delivery of its Orlando and Kells projects to first oil, as well as mature and accelerate its other pipeline of development opportunities; Calgary, Alta.-based oil and gas exploration, development and production company focused on oil and gas development in the United Kingdom's North Sea.

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.

JONES GROUP INC.: $525 million senior bridge intended to be taken out with the issuance of senior notes via Rule 144A; Morgan Stanley & Co., Jefferies LLC, MCS Corporate Lending LLC, BofA Merrill Lynch, Wells Fargo Securities LLC also $650 million credit facility; to help fund the buyout of the company by Sycamore Partners, expected to close in the second quarter of 2014; New York-based designer, marketer and wholesaler of apparel, footwear, jeanswear, jewelry and handbags.

ORIONSTONE PTY LTD.: $200 million seven-year secured notes (B3/B); non-callable for three years; Rule 144A for life; Morgan Stanley & Co. LLC bookrunner; proceeds to repay debt; Mackay, Australia-based supplier of heavy earthmoving rental equipment to the infrastructure, oil, gas and mining industries; expected September business.

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.

U.S. XPRESS ENTERPRISES, INC.: $250 million senior secured second-lien notes due 2020 (Caa1/B-); Wells Fargo Securities LLC (left books), Morgan Stanley & Co. LLC (joint books), Regions Securities LLC (co); Rule 144A and Regulation S with registration rights; callable in three years at par plus 75% of the coupon; to repay the existing senior secured credit facility, receivable securitization facility and other debt; Chattanooga, Tenn.-based truckload carrier and a diversified provider of truckload, intermodal and logistics services; price talk 9½% to 9¾%.

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.

Roadshows

Started Jan. 16: WATERJET $200 million; Goldman Sachs, Morgan Stanley.

Jan. 20-27: PUMA ENERGY $750 million; Goldman Sachs, SG CIB.

Started Jan. 21: NESCO $500 million; Morgan Stanley, Barclays.

Starts Jan. 22: HARLAND CLARKE $865 million; Credit Suisse, BofA Merrill Lynch, Citigroup, Deutsche Bank, PNC, Union Bank.

Jan. 21-24: NORTH ATLANTIC DRILLING $600 million; Goldman Sachs, Credit Suisse, Morgan Stanley.

Through Jan 24: PLAY €870 million; BofA Merrill Lynch, JPMorgan, Credit Suisse.

Jan. 24-25: INTREPID AVIATION $250 million; BofA Merrill Lynch, Jefferies.

Pricing Jan. 27: NORTHERN BLIZZARD RESOURCES: $425 million; JPMorgan, TD, CIBC, RBC, Scotia, Wells Fargo.

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