Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Calendar > News item |
Private Placement Calendar
ON THE HORIZON
SELWYN RESOURCES LTD.: $30 million of senior secured bonds; via First Securities AS; proceeds to restart the ScoZinc Mine; Vancouver, B.C.-based zinc and lead explorer.
UPCOMING CLOSINGS
SEPTEMBER 7
REGAL BELOIT CORP.: $77 million of series 2011A senior notes in two tranches: $16 million of 4.09% senior notes, tranche F, due July 14, 2018 and $61 million of 4.77% senior notes, tranche G, due July 14, 2021; proceeds to finance the pending acquisition of Electrical Products Co. from A.O. Smith Corp.; Beloit, Wis.-based manufacturer of electric motors, mechanical and electrical motion controls and power generation products.
SEPTEMBER 15
LINAMAR CORP.: $130 million of 10-year 4.84% senior notes; proceeds for general corporate purposes; Guelph, Ont.-based diversified manufacturing company.
SEPTEMBER 22
SOUTHERN CONNECTICUT GAS CO., a subsidiary of UIL Holdings Corp.: first mortgage bonds in the form of $25 million of 3.88% secured medium-term notes, series MTN-IV, due Sept. 22, 2021 and $25 million of 5.39% secured medium-term notes, series MTN-IV, due Sept. 22, 2041; proceeds to pay debt and fund capital expenditures and for working capital needs and general corporate purposes; purchasers are New York Life Insurance Co., New York Life Insurance and Annuity Corp., Thrivent Financial for Lutherans; UIL is a New Haven, Conn.-based subsidiary of electricity provider United Illuminating Co.
SEPTEMBER 30
PERRIGO CO.: $75 million of 10-year 4.27% notes and $100 million of 15-year 4.67% notes; proceeds for general corporate purposes, including possible debt repayment; Allegan, Mich.-based developer, manufacturer and distributor of pharmaceuticals, infant formulas, nutritional products, active pharmaceutical ingredients, and pharmaceutical and medical diagnostic products.
OCTOBER 3
NRP (OPERATING) LLC, a subsidiary of Natural Resource Partners LP: $50 million of 5.18% senior notes, series K, due Dec. 1, 2026; proceeds to fund future acquisitions; Houston-based owner and manager of coal properties and coal handling and transportation infrastructure.
NOVEMBER 30
VECTREN UTILITY HOLDINGS, INC.: $150 million of senior notes including $55 million of 4.67% series A notes due Nov. 30, 2021, $60 million of 5.02% series B notes due Nov. 30, 2026 and $35 million of 5.99% series C notes due Dec. 2, 2041; proceeds to partially refinance $250 million of Vectren Utility's long-term debt maturing Dec. 1, 2011; purchasers include Assurity Life Insurance Co., Pioneer Mutual Life Insurance Co., State Life Insurance Co., American United Life Insurance Co., Allstate Life Insurance Co., Phoenix Insurance Co., Unum Life Insurance Co. of America, Provident Life and Accident Insurance Co., Lincoln National Life Insurance Co., New York Life Insurance and Annuity Corp., New York Life Insurance Co., Metropolitan Life Insurance Co., Horizon Blue Cross and Blue Shield NJ, Mony Life Insurance Co. and AXA Equitable Life Insurance Co.; subsidiary of Vectren Corp., an Evansville, Ind.-based energy holding company.
DECEMBER 1
OTTER TAIL POWER CO.: $140 million of 4.63% senior notes due Dec. 1, 2021; proceeds to retire $90 million of 6.63% senior notes due Dec. 1, 2011 and $10.4 million of pollution control refunding revenue bonds due Dec. 1, 2012, repay short-term debt and for other general corporate purposes; purchasers include Northwestern Mutual Life Insurance Co., Sun Life Assurance Co., ING US Annuity Life Insurance Co., ReliaStar Life Insurance Co. and Travelers Casualty and Surety Co. of America; Fergus Falls, Minn.-based electric utility company.
DECEMBER 15
CGI GROUP INC.: $475 million of senior notes in three tranches; weighted average maturity of 8.2 years, weighted average coupon of 4.57%; proceeds to pay down revolving credit facility; with six large U.S. investors; funds to be drawn down by Dec. 15; Montreal-based information technology and business process services firm.
PERRIGO CO.: $175 million of 12-year 4.52% notes; proceeds for general corporate purposes, including possible debt repayment; Allegan, Mich.-based developer, manufacturer and distributor of pharmaceuticals, infant formulas, nutritional products, active pharmaceutical ingredients, and pharmaceutical and medical diagnostic products.
JANUARY
WHITBREAD PLC: £93.8 million portion of £156.4 million issue of notes; notes have various repayment dates between 2019 and 2022 and fully swapped sterling interest rates of 4.3% to 5.2%, with an average rate of 4.8%; proceeds to replace funds drawn under bank facilities; Dunstable, England-based hotel and restaurant group.
APRIL 9, 2012
WAUSAU PAPER CORP.: $50 million of series C 4% senior notes due June 30, 2016 to Prudential Investment Management, Inc. and affiliates; proceeds to fund tissue expansion project and for other general corporate purposes; Mosinee, Wis.-based paper company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.