Private Placement Calendar

Upcoming Closings

Mid-January

TRITAX EUROBOX PLC

• €100 million of 1.216% seven-year notes, €50 million of 1.449% 10-year notes and €50 million of 1.59% 12-year notes

• Proceeds for near-term investment opportunities

• London-based manager of a well-diversified portfolio of large continental European logistics real estate assets

January

MSC INCOME FUND, INC.

• $150 million 4.04% senior notes due Oct. 30, 2026, including $77.5 million that settled on Oct. 22, 2021 and $72.5 million that settles in January 2022

• Proceeds to repay term loans and revolver debt, for investments, to fund operating expenses and for general corporate purposes

• Houston-based externally managed, non-diversified, closed-end management investment company

February 10

RUNWAY GROWTH CREDIT FUND INC.

• $50 million of a $70 million private placement of 4.25% series 2021A senior notes due Dec. 10, 2026

• Proceeds to repay debt, make investments and for other general corporate purposes

• Chicago-based venture capital firm

March 1

F&C INVESTMENT TRUST PLC

• £50 million of 2.06% senior notes due 2037, £45 million of 1.96% senior notes due 2056 and £45 million of 1.87% senior notes due 2061

• Proceeds to refinance debt, for investments and for other general corporate purposes

• London-based investment fund

March 15

CHESAPEAKE UTILITIES CORP.

• $50 million of 2.95% senior notes due March 15, 2042

• Metropolitan Life Insurance Co. and MetLife Investment Management, LLC and their affiliates (investors)

• Proceeds to reduce short-term borrowings under the company’s revolving credit facility and/or to fund capital expenditures

• Dover, Del.-based energy company

March 31

BABYLON HOLDINGS LTD.

• $100 million more of five-year notes sold at par; interest accumulates at 8% for the first two years, 10% for the third year and 12% in the fourth and fifth years; plus warrants for 878,750 shares

• AlbaCore Partners II Investment Holdings D DAC, AlbaCore Partners III Investment Holdings DAC and AlbaCore Strategic Investments LP (investors)

• Proceeds for general corporate purposes

• London-based developer of health care software

May 20

OTTER TAIL POWER CO.

• $90 million of 3.77% series 2022A notes due May 20, 2052

• J.P. Morgan Securities, LLC and Wells Fargo Securities, LLC (agents)

• Proceeds to refinance debt and for general corporate purposes

• Fergus Falls, Minn.-based electric utility company

August 16

ARTISAN PARTNERS HOLDINGS LP

• $90 million of 3.1% series F senior notes due Aug. 16, 2032

• BofA Securities, Inc. and Citigroup Global Markets, Inc. (agents)

• Proceeds to refinance company’s series C notes

• Milwaukee-based independent investment management firm

September 29

EDINBURGH INVESTMENT TRUST PLC

• £35 million 2.26% note due 2037, £35 million 2.49% note due 2047 and £30 million 2.53% note due 2057 as part of a £120 million private placement of senior unsecured notes to settle in four parts, with the single tranche of $20 million 2.53% note due in 2051 having settled on Oct. 7, 2021

• Edinburgh, U.K.-based investment trust company

December

MITIE GROUP PLC

• £120 million of U.S. private placement notes with eight-, 10- and 12-year maturities at an average coupon of 2.94%

• Pricoa Private Capital and NYL Investors LLC are the investors

• London-based facilities management company

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