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 acquire purchase rights and technical feasibility studies for potential solar power plant site locations, for corporate debt obligations, working capital, possible acquisitions, capital expenditures and business expansion. Vasari said it is reviewing potential solar energy projects that would have an estimated power potential of 200 megawatts in California, Arizona and Texas, with a build-out value of about $280 million;

• An Irvine, Calif., designer, developer and operator of utility-scale electric power plants that produce clean energy.

Upcoming Closings

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.:

• $10 million 14% three-year secured non-revolving credit facility;

• Lender will also receive a three-year warrant which is exercisable into 1 million common shares at C$2.35 per share;

• 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.

February

CONDOR PETROLEUM INC.:

• $10 million 14% three-year secured non-revolving credit facility;

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

• Settlement is expected within six weeks;

• Proceeds will be used for capital expenditures related to drilling, infrastructure and workovers at the company's Poyraz Ridge field and for general corporate purposes;

• The issuer is a Calgary, Alta.-based oil and gas company.

February 15

LITTELFUSE, INC.:

• $25 million of 3.03% senior notes due Feb. 15, 2022;

• $125 million of 3.74% senior notes due Feb. 15, 2027;

• BofA Merrill Lynch is the agent;

• Proceeds will be used to reduce debt under the company’s revolving credit facility and for other general corporate purposes;

• Chicago-based manufacturer of circuit protection products.

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.

June 1

ALLETE, INC.:

• $80 million of 3.11% senior notes due June 1, 2027;

• Notes have a make-whole call provision;

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

• Proceeds will be used to redeem debt, for corporate growth opportunities and for general corporate purposes;

• A Duluth, Minn.-based energy company.

2017

VASARI ENERGY, INC.:

• $5 million of 7% preferred stock;

• 5 million preferreds are being sold at $1.00 apiece;

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

• A Las Vegas consumer finance company.

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