Private Placement Calendar

IN THE MARKET

EL POLLO LOCO, INC.: $105 million 61/2-year second-lien senior secured notes (expected ratings Caa2/CCC), decreased from $110 million; Jefferies & Co.; Regulation D, to be converted into Rule 144A upon completion of the deal; non-callable for two years, then at 104, 102, par; to refinance existing debt; Costa Mesa, Calif.-based restaurant operator; price talk 12½% cash plus 4½% PIK at 97 to yield 17.8% area.

UPCOMING CLOSINGS

JULY 12

ENVESTRA LTD.: Second tranche of placement of equivalent of A$350 million of bonds with seven U.S. investors; bonds have maturities of 10 years (A$108 million), 12 years (A$192 million) and 30 years (A$50 million); proceeds to refinance existing shorter-term bank facilities; Adelaide, South Australia-based gas distribution company.

SUMMER

TAMERLANE VENTURES INC.: $60 million bridge loan; 12% interest rate; three-year maturity with optional two-year extension; funding for construction of Pine Point project; Blaine, Wash.-based mining company.

OCTOBER 3

NATURAL RESOURCE PARTNERS LP SUBSIDIARY NRP (OPERATING) LLC: $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.

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