Investment Grade Calendar

October

GLP CAPITAL LP (GAMING & LEISURE PROPERTIES, INC.): $2.05 billion non-callable senior notes in five-year, seven-year and 10-year tranches (Ba1/BBB-), tranche sizes to be determined; BofA Merrill Lynch (left physical bookrunner, bill and deliver for all tranches); for the five-year and 10-year tranches J.P. Morgan Securities LLC, RBS Securities Inc. (joint physical books), Credit Agricole CIB, Fifth Third, Goldman Sachs & Co., Nomura, UBS Investment Bank, Wells Fargo Securities LLC (joint books); for the seven-year tranche RBS, Goldman Sachs (joint physical books), Credit Agricole, Fifth Third, JPMorgan, Nomura, UBS, Wells Fargo (joint books); all tranches come with 101% poison puts; to help finance the spinoff of Gaming & Leisure from Penn National Gaming; issuer is a newly formed Wyomissing, Pa.-based real estate investment trust, which will own gaming assets throughout the United States; pricing early in the week of Oct. 21.

On The Horizon

AIR PRODUCTS AND CHEMICALS INC.: Public or private bond issuance in United States or Europe; to refinance €300 million 3.75% eurobond due in November 2013; Allentown, Pa.-based industrial gas and chemical maker.

ENTERGY CORP.: $575 million of bonds in connection with merger of electric transmission business with ITC Holdings Corp.; transmission subsidiaries Entergy Transco Subs to borrow additional $1.2 billion from capital markets to pay down debt; Dallas-based integrated energy company.

FARMERS INSURANCE EXCHANGE, FIRE INSURANCE EXCHANGE, TRUCK INSURANCE EXCHANGE: At least $350 million surplus notes; Citigroup Global Markets Inc., RBS Securities Inc.; Proceeds to fund tender offers set to expire Nov. 6; Farmers to buy back $300 million 8.625% notes due 2024; exchanges will buy back up to $550 million; insurance group based in Los Angeles.

FIDELITY NATIONAL FINANCIAL INC.: $1.4 billion of debt, including longer-term bonds; to fund majority of cash portion of acquisition of majority of common shares of Lender Processing Services, Inc., expected to close in Q4 of 2013; Jacksonville, Fla.-based provider of title service, mortgage and diversified services.

REGENCY CENTERS CORP.: $300 million of forward starting interest rate swaps for new debt issuances occurring through Aug. 1, 2016; Jacksonville, Fla.-based real estate investment trust with a focus on shopping centers.

2013

MOSAIC CO.: Long-term debt in second half of 2013; to fund potential share repurchase; Plymouth, Minn.-based agricultural chemical maker.

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