Investment Grade Calendar

Sept. 9 Week

ACTIVISION BLIZZARD, INC. $2.5 billion notes in three tranches: $1 billion senior secured notes due 2020 (expected ratings Baa3/BBB), callable in three years at par plus 75% of the coupon, $1 billion senior notes due 2021 (expected ratings Ba2/BB+), callable in three years at par plus 75% of the coupon, and $500 million senior notes due 2023 (expected ratings Ba2/BB+), non-callable for five years; J.P. Morgan Securities LLC, BofA Merrill Lynch (books), Goldman Sachs & Co., Mitsubishi, HSBC, Mizuho, RBC Capital Markets, SunTrust Robinson Humphrey, U.S. Bancorp Investments Inc. (co's); Rule 144A and Regulation S for life; proceeds, along with cash on hand and bank debt, to finance the purchase of Activision shares from Vivendi; Santa Monica, Calif.-based interactive entertainment publishing company; roadshow starts Sept. 4; pricing expected middle part of Sept. 9 week.

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.

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.

ONEOK INC.: Long-term debt issued by spinoff natural gas distribution business ONE Gas, Inc.; Tulsa, Okla.-based natural gas company.

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.

VERIZON COMMUNICATIONS INC.: Possible bond issue; proceeds to take down the $61 billion in bridge financing it has in place to help fund its buyout of Vodafone Group plc's 45% interest in Verizon Wireless; J.P. Morgan Chase Bank, NA, Morgan Stanley Senior Funding, Inc., Bank of America, NA, Barclays are providing the bridge loan; Verizon is a broadband and telecommunications company is based in New York City.

2013

MIDAMERICAN ENERGY HOLDINGS CO.: $500 million to $600 million in late 2013; to pay debt owed to turbine supplier; subsidiary Electric Transmission Texas LLC pricing debt mid-year to fund continued expansion in Ercot; Des Moines-based energy producer.

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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