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Private Placement Calendar
UPCOMING CLOSINGS
JUNE 15
CENTRAL VERMONT PUBLIC SERVICE CORP.: $40 million of 5.89% first mortgage bonds, series WW, due June 15, 2041; purchaser Metropolitan Life Insurance Co. and its affiliates; electric utility based in Rutland, Vt.
JUNE 20
SURGERY CENTER HOLDINGS INC.: $53.8 million of 12% senior subordinated notes; purchasers are THL Credit, Inc. and Partners Group AG; proceeds to help fund $215 million acquisition of NovaMed Inc.; Tampa, Fla.-based acquirer, developer and manager of free-standing ambulatory surgical centers.
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.
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.
ON THE HORIZON
TRICAN WELL SERVICE LTD.: C$315 million of senior notes with an expected average term of 7.5 years and an expected average rate of about 5.4%; proceeds to fund a portion of 2011 capital expenditure program and for general corporate purposes; Calgary, Alta.-based provider of products and services used in the exploration and development of oil and gas reserves.
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