Private Placement Calendar

Upcoming Closings

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.

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

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.

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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