Private Placement Calendar

Upcoming Closings

September 23

STEPAN CO.

• $50 million of 2.37% series 2021-B notes due Sept. 23, 2028

• Proceeds used for general corporate purposes

• Northfield, Ill.-based specialty and intermediate chemicals producer

September 28

STAG INDUSTRIAL, INC.

• $325 million private placement of senior notes, with a $275 million first-tranche note due in 10 years and accruing interest at 2.8% per year and the $50 million second-tranche note due in 12 years and accruing interest at 2.95% per year

• Hong Kong-based shipping company and a wholly owned subsidiary of Atlas Corp., a Vancouver, B.C.-based global asset manager

September

BAZALGETTE TUNNEL LTD. (TIDEWAY)

• £75 million of 2.418% notes due 2041

• Proceeds used for general corporate purposes

• London-based Bazalgette Tunnel is the company established to construct the Thames Tideway Tunnel in London

October 14

EASTERLY GOVERNMENT PROPERTIES LP

• $250 million of fixed-rate senior notes in two tranches, including $50 million of 2.62% series A notes due Oct. 14, 2028, priced with a spread of 140 bps over Treasuries, and up to $200 million of 2.89% series B notes due Oct. 14, 2030, priced with a spread of ICUR9 plus 145 bps

• Washington, D.C.-based real estate investment trust focused on class A commercial properties

October 28

TERRENO REALTY LLC

• $125 million of 2.38% nine-year senior notes guaranteed by parent Terreno Realty Corp.

• Proceeds used for general corporate purposes and debt repayment

• San Francisco-based industrial real estate company

November 14

OTTER TAIL POWER CO.

• $40 million of 2.74% series 2021A notes due Nov. 29, 2031 and $100 million of 3.69% series 2021B notes due Nov. 29, 2051

• J.P. Morgan Securities, LLC and Wells Fargo Securities, LLC (agents)

• Proceeds to refinance debt and for general corporate purposes

• Fergus Falls, Minn.-based electric utility company

May 20, 2022

OTTER TAIL POWER CO.

• $90 million of 3.77% series 2022A notes due May 20, 2052

• J.P. Morgan Securities, LLC and Wells Fargo Securities, LLC (agents)

• Proceeds to refinance debt and for general corporate purposes

• Fergus Falls, Minn.-based electric utility company

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