Investment Grade Calendar

On the Horizon

ADT CORP.: $2.5 billion of term debt, to preserve company's investment-grade ratings, provide access to short-term, long-term capital markets, in connection with spin-off from Tyco International Ltd.; security, information and alarm services company based in Boca Raton, Fla.

ATMOS ENERGY CORP.: $350 million of 30-year unsecured notes, to refinance $250 million of 5.125% senior notes due January 2013; distributes, transmits, stores natural gas; based in Dallas.

BEAM INC.: Possible new debt, along with bank borrowings to fund $605 million acquisition of Pinnacle Vodka and Calico Jack Rum from White Rock Distilleries closing in second quarter; Deerfield, Ill.-based producer and seller of spirits.

EASTMAN CHEMICAL CO.: $3.5 billion debt financing, including term loan and public debt, to help fund $4.7 billion acquisition of Solution Inc., Kingsport, Tenn.-based maker of chemicals, fibers and plastics.

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.

KELLOGG CO.: $2 billion of short-term, long-term debt; to help pay for acquisition of Procter & Gamble Co.'s Pringles assets; Battle Creek, Mich.-based food and cereal company.

UNITED TECHNOLOGIES CORP.: $2 billion to $3 billion short-term debt, $6 billion to $7 billion long-term debt; for $16.5 billion cash acquisition of Goodrich Corp.; Hartford, Conn.-based company providing technology products and services to building and aerospace industries.

2012

DOMINION RESOURCES INC.: $1.6 billion to $2 billion, issuance split between Dominion and Virginia Electric & Power Co., $1.5 billion used to replace maturing debt; Richmond, Va.-based power and energy company.

ELECTRIC TRANSMISSION TEXAS, LLC: Debt issuances in 2012; to fund expansion plans; subsidiary of MidAmerican Energy Holdings Co., an energy producer based in Des Moines.

KERN RIVER: Plans to issue debt in early 2012; to finance the capital costs of its Apex Expansion project that began in October; subsidiary of MidAmerican Energy Holdings Co., an energy producer based in Des Moines.

NORTHEAST UTILITIES: $150 million of long-term debt in second half of 2012; subsidiary Western Massachusetts Electric Co. will issue $100 million of debt and Yankee Gas Services Co. will issue $50 million of debt; also, Northeast expects to refinance $263 million of senior notes due April 1.

PEPCO HOLDINGS INC.: Plans utility long-term debt issuance of $350 million to $450 million in 2012; priced $200 million of 10-year mortgage bonds in March; diversified energy company based in Washington, D.C.

WATSON PHARMACEUTICALS, INC.: Senior notes by fourth quarter 2012; along with term loan borrowings, to fund acquisition of Actavis Group; Parsippany, N.J.-based pharmaceutical maker of generics and specialized branded products for women's health.

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