Private Placement Calendar

Upcoming Closings

May

CARIBBEAN UTILITIES CO., LTD.:

• $20 million of 4.64% senior unsecured notes due Nov. 25, 2048 ($40 million initial tranche of 3.9% senior unsecured notes due on Nov. 25, 2031 settled March 27);

• CIBC World Markets Corp. is the agent;

• Proceeds will be used to repay short-term debt and finance ongoing additions and upgrades to Caribbean Utilities' generation and transmission and distribution system;

• An electrical service provider to Grand Cayman, Cayman Islands

June 1

ALLETE, INC.:

• $80 million of 3.11% senior notes due June 1, 2027;

• Notes have a make-whole call provision;

• BofA Merrill Lynch and U.S. Bancorp Investments Inc. are the agents;

• Proceeds will be used to redeem debt, for corporate growth opportunities and for general corporate purposes;

• A Duluth, Minn.-based energy company.

June 7

FOUR CORNERS PROPERTY TRUST, INC.:

• $125 million of senior unsecured notes in two tranches;

• $50 million first-tranche note due in seven years and accrues interest at 4.68%;

• $75 million second-tranche note due in 10 years and accrues interest at 4.93%;

• Both notes have a make-whole call;

• Interest will be payable semiannually on June 7 and Dec. 7;

• Proceeds will be used to reduce debt under the company’s unsecured credit facility, for future acquisitions and general corporate purposes;

• A Mill Valley, Calif.-based company that acquires and leases restaurant locations.

FOURTH QUARTER OF 2017

UNITIL CORP. subsidiaries:

• Northern Utilities, Inc. will issue $20 million of 3.52% notes due 2027 and $30 million of 4.32% notes due 2047;

• Fitchburg Gas and Electric Light Co. will issue $10 million of 3.52% notes due 2027 and $15 million of 4.32% notes due 2047;

• Granite State Gas Transmission, Inc. will issue $15 million of 3.72% notes due 2027;

• Proceeds will be used to refinance debt and for general corporate purposes;

• Unitil is a gas and electric utility based in Hampton, N.H.

2017

HIGH SPEED RAIL FINANCE PLC:

• Senior secured guaranteed notes;

• Proceeds will be on-lent to HS1 Ltd. and used for its general corporate purposes;

• A subsidiary of London-based HS1, which manages the railroad between London’s St. Pancras station and the Channel Tunnel.

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