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Published on 3/18/2009 in the Prospect News Private Placement Daily.

Private Placement Calendar

MARCH

KEYERA ENERGY PARTNERSHIP: $123 million equivalent (NAIC-2): $65 million and C$80 million non-callable seven-year notes; RBC Capital Markets; Calgary, Alta.-based natural gas midstream business; expected to price March 16 week.

WOODWARD GOVERNOR CO.:$100 million senior notes (NAIC-1) in non-callable seven-year and 10-year tranches; JPMorgan; Fort Collins, Colo.-based aircraft equipment designer and manufacturer serving commercial and military markets; expected to price March 16 week.

IN THE MARKET

ARC RESOURCES LTD.: $100 million senior-secured notes (NAIC-2); split into seven-year notes with five-year average life, 12-year notes with 10-year average life; Citigroup; Calgary, Alta.-based oil and gas company; to price March.

LORD CORP.: $50 million non-callable five-year notes (NAIC-2); PNC Capital Markets; to refinance debt; Cary, N.C.-based designer and manufacturer of vibration- and noise-control systems.

PROLIANCE INTERNATIONAL INC.: Proliance signed a letter of intent for $30 million mezzanine financing; proceeds expected to be used to repay current lead lender; transaction expected to close in fourth quarter.

TOMPKINS FINANCIAL CORP.: $15 million to $30 million trust preferred securities; New York-based multibank holding company; expected to be completed in first quarter.


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