Private Placement Calendar

Upcoming Closings

September 12

NORTHERN STATES POWER CO.

• $100 million of 4.86% first mortgage bonds due 2052

• KeyBanc Capital Markets Inc. (agent)

• Proceeds for general corporate purposes, including meeting working capital requirements, funding capital expenditures and repaying short-term debt

• Minneapolis-based electric and natural gas utility

September 15

POTOMAC ELECTRIC POWER CO.

• $225 million 3.35% bond due Sept. 15, 2032 as part of a $625 million private placement of first mortgage bonds to settle in two parts, with the first tranche of $400 million 3.97% bonds due March 24, 2052 having settled on March 24

• Mizuho Securities USA LLC and Scotia Capital (USA) Inc. (agents)

• Washington, D.C.-based utility

September 15

SOUTH JERSEY INDUSTRIES, INC.

• $200 million senior notes in four tranches, including $50 million of 5.35% five-year series 2022A notes, $50 million of 5.44% seven-year series 2022B notes, $60 million of 5.6% 10-year series 2022C notes and $40 million of 5.6% 12-year green series 2022D notes, with a previous $200 million of identical notes and tranches having been sold at pricing on July 14

• KeyBanc Capital Markets and PNC (agents)

• Proceeds to fund capital expenditures, to repay debt, for general corporate purposes and to finance or refinance green investments

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

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

September 30

NORTHWEST NATURAL GAS CO.

• $140 million of 4.78% first mortgage bonds due 2052

• Portland, Ore.-based utility and subsidiary of Northwest Natural Holding Co.

October 12

EASTGROUP PROPERTIES, LP and EASTGROUP PROPERTIES, INC.

• $75 million of 4.9% series A senior notes with an 11-year term and $75 million of 4.95% series B senior notes with a 12-year term

• Ridgeland, Miss.-based real estate investment trust company

October 20

KIRBY CORP.

• $60 million of 3.46% senior notes, series A, due Jan. 19, 2033, as part of a $300 million of fixed-rate senior notes in two parts, with the remaining $240 million settling Jan. 19, 2023

• Proceeds used with operational cash to repay 3.29% senior notes due Feb. 27, 2023

• Houston-based transporter of petrochemical products

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

January 19, 2023

KIRBY CORP.

• $240 million of 3.51% senior notes, series B, due Jan. 19, 2033, as part of a $300 million of fixed-rate senior notes in two parts, with the remaining $60 million having settled Oct. 20, 2022

• Proceeds to prepay in full company’s $75 million 5.35% series B senior notes due June 2, 2023 and to fund investment activity

• Houston-based transporter of petrochemical products

January 20, 2023

GETTY REALTY CORP.

• $125 million of 3.65% notes due Jan. 20, 2033 as part of a $225 million placement, with $100 million of 3.45% notes due Feb. 22, 2032 having settled on Feb. 22, 2022

• Prudential Insurance Co. of America, American General Life Insurance Co., Massachusetts Mutual Life Insurance Co. and New York Life Insurance Co. are the investors

• Proceeds used with operational cash to repay 3.29% senior notes due Feb. 27, 2023

• Jericho, N.Y.-based real estate investment trust

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