===========Confirmed Pending High-Yield Issues===========
Penn Virginia Corp. - $250 million of seven-year senior notes.
Leads are J.P. Morgan, Bank of America, Wachovia, and Barclays.
Roadshow begins June 4 and pricing expected June 10.
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 5.
Mariner Energy - $250 million of seven-year senior notes via
Credit Suisse, Bank of America, J.P. Morgan, Wachovia, and Citi.
Pproceeds, along with a concurrent offering of 10 million common
shares, will be ised to repay debt outstanding under its secured
credit facility and for general corporate purposes.
Holly Corp. - plans $200 million offering of eight-year senior
notes. UBS, Bank of America, and Goldman Sachs are leads. Pricing
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