Private Placement Calendar

On The Horizon

ORMAT TECHNOLOGIES, INC. subsidiary OFC 2 LLC and project subsidiaries: $350 million of senior notes; phase I tranche comprised of $155 million of 4.687% series A notes and $25 million of series B notes; phase II tranche comprised of one or more of series C notes, series D notes, series E notes and series F notes for a total principal amount not to exceed $170 million; proceeds to support power generation from three geothermal power facilities located in Nevada; Reno, Nev.-based geothermal and recovered energy power business.

TRIANGLE FUND LLC: $50 million of floating-rate notes in one or more series; via Barclays Wealth, a division of Barclays Bank plc, as placement agent; New York-based non-diversified management investment company.

Upcoming Closings

April 2

EMPIRE DISTRICT ELECTRIC CO.: $38 million placement of 3.58% first mortgage bonds due 2027; proceeds will be used to redeem 7% first mortgage bonds due 2024, 5.2% first mortgage bonds, pollution control series, due 2013 and 5.3% first mortgage bonds, pollution control series, due 2013 and for general corporate purposes; Joplin, Mo.-based utility company.

UNITED ILLUMINATING Co.: $100 million of senior notes including $31 million of 2.98% notes, series A, due Jan. 30, 2019, $34 million of 3.61% notes, series C, due Jan. 31, 2022 and $35 million of 4.89% notes, series E, due Jan. 30, 2042; notes sold under a $203.5 million Jan. 30 note purchase agreement; New Haven, Conn.-based electric transmission and distribution utility.

April 9

WAUSAU PAPER CORP.: $50 million of series C 4% senior notes due June 30, 2016 to Prudential Investment Management, Inc. and affiliates; proceeds to fund tissue expansion project and for other general corporate purposes; Mosinee, Wis.-based paper company.

Between April 30 and May 2

ESSEX PROPERTY TRUST, INC. operating partnership Essex Portfolio, LP: $100 million of 4.27% senior notes, series C, due April 30, 2021; via Mitsubishi UFJ Securities (USA), Inc. (lead agent), BMO Capital Markets, PNC Capital Markets LLC and US Bancorp Investments, Inc.; proceeds for general corporate purposes; Palo Alto, Calif.-based real estate investment trust.

June 1

EMPIRE DISTRICT ELECTRIC CO.: $50 million placement of 3.58% first mortgage bonds due 2027; proceeds will be used to redeem 7% first mortgage bonds due 2024, 5.2% first mortgage bonds, pollution control series, due 2013 and 5.3% first mortgage bonds, pollution control series, due 2013 and for general corporate purposes; Joplin, Mo.-based utility company.

Between June 29 and July 3

ESSEX PROPERTY TRUST, INC. operating partnership Essex Portfolio, LP: $50 million of 4.3% senior notes, series D, due June 29, 2021; via Mitsubishi UFJ Securities (USA), Inc. (lead agent), BMO Capital Markets, PNC Capital Markets LLC and US Bancorp Investments, Inc.; proceeds for general corporate purposes; Palo Alto, Calif.-based real estate investment trust.

Between August 30 and September 4

ESSEX PROPERTY TRUST, INC. operating partnership Essex Portfolio, LP: $50 million of 4.37% senior notes, series E, due Aug. 30, 2021; via Mitsubishi UFJ Securities (USA), Inc. (lead agent), BMO Capital Markets, PNC Capital Markets LLC and US Bancorp Investments, Inc.; proceeds for general corporate purposes; Palo Alto, Calif.-based real estate investment trust.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.