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Prospect News home > News index > List of issuers Calendar > Headlines for 2020 > News item
Published on 6/25/2020 in the Prospect News Private Placement Daily.

Private Placement Calendar

Upcoming Closings

June

NATIONAL EXPRESS GROUP PLC:

• $509 million equivalent of senior secured notes in a five-tranche private placement which will be conducted in dollars, British pounds and euros

• Fixed-rate notes will have maturities ranging between seven and 12 years and a weighted average coupon of 1.92%

• Notes will settle in two closings in May 2020 and June 2020

• Proceeds will be used to repay the existing £225 million bond and €250 million floating-rate note maturing in mid-2020

• Public transport group that operates bus and coach services in the United Kingdom, continental Europe/North Africa and North America and rail services in the United Kingdom, based in Birmingham, England

July 30

SOUTH JERSEY INDUSTRIES, INC.:

• $75 million of 3.71% seven-year series 2020A notes due July 30, 2027 and $125 million of 3.91% 10-year series 2020A notes due July 30, 2030

• BofA Securities Inc. and PNC Capital Markets LLC are agents

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

• Folsom, N.J.-based publicly held energy services holding company for a natural gas utility and other non-regulated companies

August 20

OTTER TAIL POWER CO.:

• $40 million 3.22% senior notes due Aug. 20, 2030, part of seven-tranche offering of notes that totaled $175 million.

• Proceeds will be used for general corporate purposes

• Fergus Falls, Minn.-based electric utility company

September 2021

BAZALGETTE TUNNEL LTD. (TIDEWAY):

• £75 million of 2.418% notes due 2041

• Proceeds used for general corporate purposes

• London-based Bazalgette Tunnel is the company established to construct the Thames Tideway Tunnel in London


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