Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Calendar > Headlines for 2016 > News item |
Investment Grade Calendar
On The Horizon
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
GREAT PLAINS ENERGY INC.:
Financing expected to include $4.4 billion of new debt
$8,017,000,000 of committed debt financing from Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC and $750 million mandatory preferred convertible equity commitment from Ontario Municipal Employees Retirement System
Proceeds to fund acquisition of Westar Energy Inc.
Closing expected in spring 2017
Kansas City, Mo.-based holding company of electric utilities Kansas City Power & Light and KCP&L Greater Missouri.
HERCULES CAPITAL, INC.:
Roadshow held Sept. 27-29
Benchmark size SEC registered senior transaction expected to follow
Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC (roadshow hosts)
Palo Alto, Calif.-based venture capital financing firm
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 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
ZIMMER BIOMET HOLDINGS, INC.:
$750 million senior notes
Proceeds used in connection with $1 billion acquisition of LDR Holding Corp. to repay Zimmers revolving credit facility
Acquisition closes in third quarter
Goldman Sachs & Co. financial adviser
Zimmer Biomet, based in Warsaw, Ind., designs, manufactures and markets orthopedic reconstructive and other products.
Austin, Texas-based LDR is a medical device company that designs surgical technologies for the treatment of patients suffering from spine disorders
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.