Private Placement Calendar

Upcoming Closings

December 1

ALABAMA GAS CORP.:

• $80 million of 4.31% series 2015 senior notes, tranche B, due Dec. 1, 2045;

• Proceeds to refinance existing debt and for general corporate purposes;

• Notes are prepayable;

• Birmingham, Ala.-based natural gas supplier.

PEBBLEBROOK HOTEL TRUST:

• $60 million of 4.7% senior notes due December 2023;

• $40 million of 4.93% senior notes due December 2025;

• Proceeds to pay down existing borrowings on the company’s unsecured credit facility and for other working capital needs;

• Bethesda, Md.-based real estate investment trust.

December 8

DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC:

• £30 million of 3.99% senior secured fixed-rate notes due Dec. 8, 2045;

• Interest is payable semiannually;

• Proceeds for general purposes, including a pre-financing of the 7 7/8% debenture stock due 2019;

• Edinburgh, Scotland-based mid-market private equity provider.

December 9

MID PENN BANCORP, INC.:

• $7.5 million of subordinated notes due Dec. 9, 2025;

• Interest rate is 5.15% per year for the first five years and then the Wall Street Journal’s Prime rate plus 50 basis points;

• Interest is payable quarterly beginning on Jan. 1;

• Proceeds to redeem series B and series C preferred shares, if approved, and for general corporate purposes;

• Millersburg, Pa.-based bank holding company.

December 15

CLECO POWER LLC:

• $45 million of 3.68% senior notes due Nov. 15, 2025;

• Proceeds to partially replace cash used to repay debt that matured in May 2015 and July 2015;

• The notes have a make-whole call at Treasuries plus 50 basis points;

• Purchasers include Northwestern Mutual Life Insurance Co., Pacific Life Insurance Co., Voya Insurance and Annuity Co., Reliastar Life Insurance Co. and Security Life of Denver Insurance Co.;

• Pineville, La.-based electric utility company and subsidiary of Cleco Corp.

STAG INDUSTRIAL, INC.:

• $100 million of seven-year 3.98% senior notes due Jan. 5, 2023;

• Boston-based real estate company.

VECTREN CAPITAL CORP.:

• $75 million of 3.33% series A senior notes due Dec. 15, 2022;

• $75 million of 3.9% series B senior notes due Dec. 15, 2030;

• Proceeds to refinance existing debt maturing in 2015 and 2016 and for general corporate purposes;

• Notes to be guaranteed by Vectren Corp.;

• Subsidiary of Vectren Corp., an Evansville, Ind.-based energy holding company.

VECTREN UTILITY HOLDINGS, INC.:

• $25 million of 3.9% series A senior notes due Dec. 15, 2035;

• $135 million of 4.36% series B senior notes due Dec. 15, 2045;

• $40 million of 4.51% series C senior notes due Dec. 15, 2055;

• Proceeds to refinance existing debt maturing in 2015 and for general corporate purposes;

• Subsidiary of Vectren Corp., an Evansville, Ind.-based energy holding company.

December

CABELA’S INC.:

• $128 million of seven-year 3.82% senior notes;

• $172 million of 10-year 4.11% senior notes;

• Proceeds for general purposes and to repay existing notes with a total principal balance of $215 million due Feb. 27, 2016;

• Sidney, Neb.-based marketer and retailer of hunting, fishing, camping and outdoor merchandise.

SL GREEN REALTY CORP.:

• $100 million of 4.27% senior unsecured notes due Dec. 17, 2025;

• Notes will be co-issued by SL Green Realty Corp., SL Green Operating Partnership, LP and Reckson Operating Partnership, LP;

• Barclays is the placement agent;

• New York-based real estate investment trust.

March 11

CALIFORNIA WATER SERVICE CO.:

• $40 million of 4.41% series SSS first mortgage bonds due April 16, 2046;

• $10 million of 4.61% series TTT first mortgage bonds due April 14, 2056;

• Proceeds to pay down outstanding short-term borrowings and for general corporate purposes, including capital projects;

• Interest is payable semiannually in arrears;

• San Jose, Calif.-based provider of regulated and non-regulated water service.

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