Private Placement Calendar

Upcoming Closings

December 8

ATLANTIC CITY ELECTRIC CO.:

• $150 million of first mortgage bonds, series 3.5%, due Dec. 1, 2025;

• Proceeds to repay outstanding commercial paper and for general corporate purposes;

• The company may redeem all or any portion of the bonds at any time prior to their maturity at the redemption price outlined in the purchase agreement;

• Morgan Stanley & Co. LLC acted as the lead placement agent;

• Newark, Del.-based electric company.

DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC:

• £30 million of 3.99% senior secured fixed-rate notes due Dec. 8, 2045;

• Interest is payable semiannually;

• Proceeds for general purposes, including a pre-financing of the 7 7/8% debenture stock due 2019;

• Edinburgh, Scotland-based mid-market private equity provider.

December 9

MID PENN BANCORP, INC.:

• $7.5 million of subordinated notes due Dec. 9, 2025;

• Interest rate is 5.15% per year for the first five years and then the Wall Street Journal’s Prime rate plus 50 bps;

• Interest is payable quarterly beginning on Jan. 1;

• Proceeds to redeem series B and series C preferred shares, if approved, and for general corporate purposes;

• Millersburg, Pa.-based bank holding company.

December 15

CLECO POWER LLC:

• $45 million of 3.68% senior notes due Nov. 15, 2025;

• Proceeds to partially replace cash used to repay debt that matured in May 2015 and July 2015;

• The notes have a make-whole call at Treasuries plus 50 bps;

• Purchasers include Northwestern Mutual Life Insurance Co., Pacific Life Insurance Co., Voya Insurance and Annuity Co., Reliastar Life Insurance Co. and Security Life of Denver Insurance Co.;

• Pineville, La.-based electric utility company and subsidiary of Cleco Corp.

STAG INDUSTRIAL, INC. AND STAG INDUSTRIAL OPERATING PARTNERSHIP, LP:

• $100 million of 3.98% senior unsecured notes due Jan. 5, 2023;

• Proceeds to repay amounts outstanding under the company’s unsecured credit facility and for general corporate purposes, including funding future acquisitions;

• The notes have a make-whole call at Treasuries plus 50 bps;

• Purchasers include Metropolitan Life Insurance Co., Lincoln Benefit Life Co., Nationwide Life Insurance Co., Axa Equitable Life Insurance Co., Great-West Life & Annuity Insurance Co., the Guardian Life Insurance Co. of America, American Family Life Insurance Co. and American Family Life Insurance Co.;

• Boston-based real estate company.

VECTREN CAPITAL CORP.:

• $75 million of 3.33% series A senior notes due Dec. 15, 2022;

• $75 million of 3.9% series B senior notes due Dec. 15, 2030;

• Proceeds to refinance existing debt maturing in 2015 and 2016 and for general corporate purposes;

• Notes to be guaranteed by Vectren Corp.;

• Subsidiary of Vectren Corp., an Evansville, Ind.-based energy holding company.

VECTREN UTILITY HOLDINGS, INC.:

• $25 million of 3.9% series A senior notes due Dec. 15, 2035;

• $135 million of 4.36% series B senior notes due Dec. 15, 2045;

• $40 million of 4.51% series C senior notes due Dec. 15, 2055;

• Proceeds to refinance existing debt maturing in 2015 and for general corporate purposes;

• Subsidiary of Vectren Corp., an Evansville, Ind.-based energy holding company.

December 16

HUDSON PACIFIC PROPERTIES, LP:

• $110 million of 4.34% series A notes due Jan. 2, 2023;

• $259 million of 4.69% series B notes due Dec. 16, 2025;

• $56 million of 4.79% series C notes due Dec. 16, 2027;

• Proceeds to repay remaining $375 million of debt outstanding under the March 31, 2015, term loan credit agreement, to repay debt under the unsecured revolving credit facility and for general corporate purposes;

• The notes have a make-whole call at Treasuries plus 50 bps;

• Purchasers include Metropolitan Life Insurance Co., AXIS Reinsurance Co., Erie Family Life Insurance Co., MetLife Insurance K.K., Union Fidelity Life Insurance Co., Symetra Life Insurance Co., New York Life Insurance Co., Hartford Life Insurance Co., Farm Bureau Life Insurance Co. of Michigan, United Services Automobile Association, USAA Casualty Insurance Co., Pacific Life Insurance Co. and American Family Life Insurance Co.;

• Los Angeles-based real estate investment trust.

December

CABELA’S INC.:

• $128 million of seven-year 3.82% senior notes;

• $172 million of 10-year 4.11% senior notes;

• Proceeds for general purposes and to repay existing notes with a total principal balance of $215 million due Feb. 27, 2016;

• Sidney, Neb.-based marketer and retailer of hunting, fishing, camping and outdoor merchandise.

SL GREEN REALTY CORP.:

• $100 million of 4.27% senior unsecured notes due Dec. 17, 2025;

• Notes will be co-issued by SL Green Realty Corp., SL Green Operating Partnership, LP and Reckson Operating Partnership, LP;

• Barclays is the placement agent;

• New York-based real estate investment trust.

January 14

SHARYLAND DISTRIBUTION & TRANSMISSION SERVICES, LLC:

• $100 million of 3.86% senior secured notes, series B, due Jan. 14, 2026;

• Proceeds to refinance term loan borrowings and for general corporate purposes;

• Dallas-based real estate investment trust.

March 11

CALIFORNIA WATER SERVICE CO.:

• $40 million of 4.41% series SSS first mortgage bonds due April 16, 2046;

• $10 million of 4.61% series TTT first mortgage bonds due April 14, 2056;

• Proceeds to pay down outstanding short-term borrowings and for general corporate purposes, including capital projects;

• Interest is payable semiannually in arrears;

• San Jose, Calif.-based provider of regulated and non-regulated water service.

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