Private Placement Calendar

UPCOMING CLOSINGS

NOVEMBER 9

KAYNE ANDERSON MLP INVESTMENT CO.: private placement of $140 million of senior notes and $50 million of mandatory redeemable preferred stock with institutional investors; senior notes will be issued in four series with interest rates ranging from 3.23% to 4.5% and maturities of five to 12 years; the preferreds consist of $8 million of series B preferreds with a distribution rate of 4.53% and a seven-year redemption and $42 million of series C preferreds with a distribution rate of 5.2% and a 10-year redemption; proceeds to repay borrowings under revolving credit facility, to make new portfolio investments and for general corporate purposes; Houston investment company.

LATE NOVEMBER

GAS NATURAL INC.: private placement of $17.7 million of senior secured guaranteed notes due June 1, 2017; purchaser Sun Life Assurance Co.; notes to price four days after receipt of regulatory approvals with a spread of 303 bps over Treasuries; make-whole call at Treasuries plus 50 bps; proceeds to refinance $7.8 million of maturing Ohio utility debt, to refinance remaining debt under existing Ohio term loans and credit facilities, and for general corporate purposes; Mentor, Ohio gas company.

GREAT PLAINS NATURAL GAS CO.: $2.3 million three-year floating-rate senior secured guaranteed note; purchaser Sun Life Assurance Co.; interest rate Libor plus 385 bps; subsidiary of Mentor, Ohio gas company Gas Natural Inc.

DECEMBER 15

TRANSPOWER: $150 million of 12-year 3.6% notes in a private placement to 10 U.S.-based institutions; New Zealand-based high-voltage electricity transmission grid owner and operator.

VECTREN CAPITAL CORP.: $75 million 3.48% guaranteed senior notes, series A, due Dec. 15, 2017 and $50 million 4.53% guaranteed senior notes, series B, due Dec. 15, 2025; guaranteed by Vectren Corp.; make-whole call at Treasuries plus 50 basis points; purchasers include Northwestern Mutual Life Insurance Co., Allstate Life Insurance Co., Allstate Life Insurance Co. of New York, American Heritage Life Insurance Co., AXA Equitable Life Insurance Co., New York Life Insurance Co., New York Life & Annuity Corp., Forethought Life Insurance Co., Protective Life Insurance Co., Ohio National Life Assurance Corp., Seabright Insurance Co. and ProAssurance Casualty Co.; proceeds to repay debt and for general corporate purposes; Evansville, Ind.-based energy holding company.

DECEMBER 30

TIDEWATER INC.: $115 million of senior unsecured notes; weighted average coupon 4.25%; average weighted maturity nine years; maturities ranging from five years to 12 years; purchasers include Northwestern Mutual Life Insurance Co., Prudential Insurance Co. of America, Gibraltar Life Insurance Co., Ltd., Prudential Life Insurance Co., Ltd., Forethought Life Insurance Co., MTL Insurance Co., BCBSM, Inc. DBA Blue Cross and Blue Shield of Minnesota, New York Life Insurance and Annuity Corp., New York Life Insurance Co., New York Life Insurance and Annuity Corp., Allianz Life Insurance Co. of North America, Minnesota Life Insurance Co., MTL Insurance Co., Colorado Bankers Life Insurance Co., Great Western Insurance Co., Catholic Aid Association, American Republic Insurance Co., Blue Cross and Blue Shield of Florida, Inc., State Farm Life Insurance Co., Great-West Life Assurance Co. and CUNA Mutual Insurance Society; proceeds to refinance borrowings under the company's $450 million revolving credit facility, to fund capital expenditures related to the ongoing fleet enhancement program and for general corporate purposes; New Orleans-based owner of vessels serving the offshore energy industry.

DECEMBER 31

ARCH CHEMICALS, INC: $250 million 4% senior unsecured notes due Dec. 31, 2017; make-whole call at Treasuries plus 50 basis points; purchasers include ING Life Insurance & Annuity Co., ING USA Annuity & Life Insurance Co., ReliaStar Life Insurance Co., ReliaStar Life Insurance Co. of New York, New York Life Insurance Co., New York Life Insurance & Annuity Corp., Forethought Life Insurance Co., Metropolitan Life Insurance Co., MetLife Investors Insurance Co., Massachusetts Mutual Life Insurance Co., C.M. Life Insurance Co., MassMutual Asia Ltd., Great-West Life & Annuity Insurance Co., Great-West Life Assurance Co., CUNA Mutual Insurance Society, Cumis Insurance Society, Inc., Southern Farm Bureau Life Insurance Co.; proceeds for general corporate purposes, including the repayment of the $80 million outstanding on the company's term loan facility; Norwalk, Conn.-based biocides company.

DECEMBER

MIGHTY RIVER POWER: $200 million of 10-, 12- and 15-year; National Australia Bank and Bank of New Zealand (arrangers); proceeds to refinance short-term bank debt and provide long-term funding to lengthen the company's average debt maturity profile to 7.5 years from 4.9 years; Auckland, New Zealand, integrated energy generation, trading, retailing and metering business; expected to settle in December.

JANUARY 13

WADDELL & REED FINANCIAL, INC.: $95 million of 5% senior notes, series A, due Jan. 13, 2018 and $95 million of 5.75% senior notes, series B, due Jan. 13, 2021; make-whole call at Treasuries plus 50 basis points; purchasers include Metropolitan Life Insurance Co., MetLife Investors Insurance Co., MetLife Insurance Co. of Connecticut, Midland National Life Insurance Co., North American Company for Life and Health Insurance, Security Benefit Life Insurance Co., Wilton Reassurance Co., Genworth Life & Annuity Insurance Co. Genworth Life Insurance Co., John Hancock Life Insurance Co. (USA), John Hancock Life Insurance Co. of New York, JPMorgan Chase Bank, Northwestern Mutual Life Insurance Co., Knights of Columbus, Union Central Life Insurance Co., Acacia Life Insurance Co., and Ameritas Life Insurance Corp.; proceeds to repay in full the outstanding amounts owed under existing 5.6% senior notes at their scheduled maturity in January 2011 and for general corporate purposes; Overland Park, Kan.-based financial planning company.

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