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Published on 3/19/2015 in the Prospect News Investment Grade Daily.

Investment Grade Calendar

On The Horizon

CORPORATE CAPITAL TRUST INC.

• Possible capital markets transaction following series of investor meetings beginning Jan. 12

• Barclays, J.P. Morgan Securities LLC, BofA Merrill Lynch

• Orlando-based business development company

ENDURANCE SPECIALTY HOLDINGS LTD.

• Planned debt offering to help fund the proposed acquisition of Aspen Insurance Holdings Ltd.

• Morgan Stanley & Co. LLC

• Pembroke, Bermuda-based property and casualty insurance and reinsurance provider

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.

• Jacksonville, Fla.-based provider of title service, mortgage and diversified services

HSBC HOLDINGS PLC

• Subordinated contingent convertible perpetual tier 1 notes (Baa3/BBB/)

• HSBC Securities (USA) Inc.

• Callable in March 2025 and every five years thereafter

• Proceeds will be used for general corporate purposes

• Frankfurt, Germany-based banking institution

REYNOLDS AMERICAN INC.

• New debt of $9 billion, along with excess cash of $500 million, divestiture net proceeds of $4.4 billion, stock issued to Lorillard of $6.6 billion and proceeds from the company’s largest shareholder BAT of $4.7 billion; to finance $27.4 billion acquisition of Lorillard, Inc.

• Expected in the first half of 2015

• Lorillard is a Greensboro, N.C.-based cigarette maker. Reynolds American is a Winston-Salem, N.C.-based manufacturer and seller of cigarettes and other tobacco products.

WISCONSIN ENERGY CORP.

• $1.5 billion of debt

• To fund the acquisition of Integrys Energy Group Inc.

• Gas and electric company based in Milwaukee

XLIT LTD.

• $1.033 billion of bonds in tranches due 2025, 2045

• Morgan Stanley & Co. LLC, Goldman Sachs & Co., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc.

• Guaranteed by XL Group plc

• Dublin-based insurance and reinsurance coverage provider


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