Convertibles Calendar: United Technologies to price $1 billion of units

JUNE 12

UNITED TECHNOLOGIES CORP. (NYSE: UTX): $1 billion of equity units; $50 par; after the market close Tuesday; talked to yield 7.5%-8%, up 27.5%-32.5%; $100 million greenshoe; registered, off-the-shelf; via joint bookrunners J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., and HSBC Securities (USA) Inc.; notes may not be redeemed until Aug. 1, 2017; takeover and dividend protection; proceeds to fund previously announced Goodrich Corp. acquisition; NYSE listing under symbol UTX PR A; Hartford, Conn.-based building and aerospace technology company.

International

On The Horizon

ATLANTIC POWER CORP. (NYSE: AT, Toronto APC): Up to C$125 million of convertible unsecured subordinated debentures; concurrently with common stock offering; proceeds to fund its equity commitment in Canadian Hills, remaining proceeds to fund growth and for general corporate purposes; British Columbia-incorporated, Boston-based independent power producer.

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