Investment Grade Calendar

On The Horizon

AETNA INC.:

• Senior notes to help finance acquisition of Humana Inc.

• Health care benefits company based in Hartford, Conn.

ALGONQUIN POWER & UTILITIES CORP.:

• Long-term debt

• Proceeds will be used to acquire Empire District Electric Co. and subsidiaries in an all-cash transaction valued at $2.4 billion

• Closing is expected in the first quarter of 2017

• Financing could include U.S. and Canadian debt issuance

• Algonquin is an oil and gas explorer based in Calgary, Alta.

ANTHEM INC.:

• New debt to fund proposed acquisition of Cigna Corp.

• Fully committed financing from Bank of America, Credit Suisse, UBS Investment Bank

• Expects $22 billion of term loans and public debt

• Indianapolis-based health benefits company

EMERA INC.:

• Long-term debt

• Proceeds will be used to fund its acquisition of TECO Energy Inc.

• Tampa, Fla.-based TECO Energy is an energy-related holding company with regulated electric and gas utilities in Florida and New Mexico

• Halifax, N.S.-based Emera invests in electricity generation, transmission and distribution as well as gas transmission and utility energy services

FORTIS INC.:

• $2 billion of debt in the U.S. market

• Proceeds will be used for its $11.3 billion acquisition of ITC Holdings Corp.

• Closing is expected to occur in late 2016

• Fortis is a St. John's, Newfoundland-based investor-owned gas and electric distributor

TRANSCANADA CORP.:

• Acquisition of Columbia Pipeline Group Inc.

• $10.3 billion of senior unsecured bridge credit facilities in place with a syndicate of lenders

• Transaction is valued at about $13 billion

• Expected to close in second half of 2016

• TransCanada is a natural gas and oil pipeline and storage company is based in Calgary, Alta. Houston-based Columbia Pipeline owns and operates natural gas pipelines

TYCO INTERNATIONAL FINANCE SA:

• $4 billion bridge and term loan commitment letters

• 3.5-year senior unsecured term loan facility

• Initial interest under both term and bridge loans Libor plus 125 bps to Libor plus 175 bps

• Citigroup Global Markets Inc. (arranger)

• To fund Tyco International plc merger with Johnson Controls, Inc.

• Merger agreement allows either party to terminate transaction if merger not completed by Oct. 24

• Tyco International is a Cork, Ireland-based security systems company

OGLETHORPE POWER CORP.:

• $250 million of first mortgage bonds in early to mid-2016

• Electric supply cooperative based in Tucker, Ga.

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