Private Placement Calendar

HIGH SPEED RAIL FINANCE PLC:

• Senior secured guaranteed notes;

• Proceeds will be on-lent to HS1 Ltd. and used for its general corporate purposes;

• A subsidiary of London-based HS1, which manages the railroad between London’s St. Pancras station and the Channel Tunnel.

IEG HOLDINGS CORP.:

• $10 million of 12% senior notes due Dec. 31, 2026;

• Proceeds will be used to increase the size of the company’s loan book;

• A Las Vegas consumer finance company.

Upcoming Closings

December 7

T-MOBILE USA, INC.:

• $2 billion of 5.3% senior notes due March 15, 2021;

• Purchaser is major stockholder Deutsche Telekom AG;

• Priced on March 6;

• Proceeds will be used first for acquisitions of low-bank spectrum, second for debt refinancing and lastly for general corporate purposes;

• A direct, wholly owned subsidiary of T-Mobile US, Inc., a Bellevue, Wash.-based wireless telecommunications company.

December 13

OTTER TAIL CORP.:

• $80 million of 3.55% guaranteed senior notes due Dec. 15, 2026;

• Notes have a make-whole call until Sept. 15, 2026 and are then callable at par;

• BofA Merrill Lynch and U.S. Bancorp Investments Inc. are the agents;

• Proceeds will be used to repay debt, including the $52.33 million remaining of Otter Tail’s 9% senior notes due Dec. 15, 2016, and for general corporate purposes;

• The investors were Union Fidelity Life Insurance Co., Erie Family Life Insurance Co., Lincoln Benefit Life Co., Metropolitan Life Insurance Co., MetLife Insurance Co. USA, General American Life Insurance Co., MetLife Insurance K.K., Guardian Life Insurance Co. of America and American Equity Investment Life Insurance Co.;

• A Fergus Falls, Minn.-based electric utility company.

December 15

GRAMERCY PROPERTY TRUST INC.:

• $150 million of 3.89% six-year senior notes;

• $100 million of 4.32% nine-year senior notes;

• $100 million of 4.26% 10-year senior notes;

• New York-based real estate investment trust that invests in and manages commercial real estate.

QUESTAR GAS CO.:

• $50 million of 3.63% 30-year notes;

• $50 million of 3.67% 35-year notes;

• J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and MUFG are the bookrunners;

• Proceeds will be used to repay existing debt and for general corporate purposes;

• Natural gas distributor based in Salt Lake City.

December 31

BANKGUAM HOLDING CO.:

• $10 million of fixed-to-floating rate series A non-cumulative perpetual preferred stock;

• Dividend rate will be 5.5% until June 30, 2021 and then Libor plus 482.5 bps;

• Preferreds may be called after five years at par plus unpaid dividends;

• Proceeds will be used to liquidate subordinated debt and for other corporate purposes;

• Hagatna, Guam-based holding company for Bank of Guam.

January

HAMMERSON PLC:

• €177 million, £50 million and $232 million of notes due 2024, 2026, 2028, 2031;

• Weighted average coupon at a fixed rate of 1.7%;

• Weighted average maturity of nine years;

• Barclays, RBS Securities Inc. and Santander Investment Securities Inc. are the agents;

• Proceeds will be used to repay short-term bank facilities used for recent acquisitions in Dublin and Birmingham;

• Hammerson is a real estate investment trust based in London.

OLAM AMERICAS INC.:

• $175 million of 3.9% five-year fixed-rate notes;

• Notes were placed at a spread of 199 basis points over the five-year U.S. Treasury rate;

• Rabo Securities acted as agent;

• Proceeds will be used to repay existing debt and for general corporate purposes;

• The issuer is a subsidiary of Olam International Ltd., a Singapore-based provider of supply chain management for agricultural products and food ingredients.

By February 17

KILROY REALTY, LP:

• $175 million of 3.35% series A notes due Feb. 17, 2027;

• $75 million of 3.45% series B notes due Feb. 17, 2029;

• Barclays is the placement agent;

• Proceeds will be used to refinance debt, to redeem preferred stock and for general corporate purposes;

• Los Angeles-based real estate investment fund.

April 28

CHESAPEAKE UTILITIES CORP.:

• $70 million of 3.25% shelf notes due April 30, 2032;

• Principal payments of $1.75 million are required beginning on July 31, 2022;

• Interest is payable quarterly beginning on July 31, 2017;

• Proceeds will be used to reduce short-term borrowings under the company’s revolving credit facility, lines of credit and/or to fund capital expenditures;

• Dover, Del.-based natural gas supplier.

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