===========Confirmed Pending High-Yield Issues===========
Graphic Packaging Holding - $245 million in senior notes due
2017, noncallable for 4 years. Via Bank of America, J.P. Morgan and
Goldman Sachs. (B3/B-) Proceeds will fund a tender offer for the
company's 8.5% notes due 2011. Pricing expected: June 2.
Affinion Group - $125 million add-on to its 10.125% senior notes
due 2013. (B-/B2) Via Bank of America and Deutsche Bank. Proceeds
will be used for general corporate purposes. Pricing expected: June
3.
Western Refining - $600 million in senior secured notes due
2017. Via Bank of America, Goldman Sachs, RBS and Wachovia.
Proceeds will go toward repayment of debt under the company's term
loan credit agreement. Pricing expected: June 4.
Valeant Pharmaceuticals - $300 million of senior notes due 2016.
Via lead managers Goldman Sachs and UBS. Pricing expected: June
5.
=============High-Yield Debt On the Horizon==============
Altra Inc. - $130 million in senior secured 144A notes due 2018.
Pricing expected: N/A.
CDW Corp.- $890 million in senior notes due 2015; $300 million
in senior pay-in-kind toggle notes due 2015; and $750 million in
senior subordinated notes due 2017. Via JPMorgan, Deutsche Bank and
Morgan Stanley. Pricing expected: Second quarter of 2009.
General Moly - $540 million in notes. Pricing expected: Second
quarter of 2009.
Hewitt Associates - $230 million in senior notes due 2018.
Pricing expected: N/A.
North American Energy Alliance - $325 million in senior notes.
Via Barclays. Pricing expected: Second quarter of 2009.
-By Michael Aneiro, Dow Jones Newswires; 201-938-2189;
michael.aneiro@dowjones.com
