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

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 July 16 and July 20

PIEDMONT NATURAL GAS CO., INC.: $100 million of 3.47% series A senior notes due July 16, 2027; proceeds for general corporate purposes including but not limited to working capital needs, capital expenditures and refinancing outstanding borrowings; purchasers are Prudential Insurance Co. of America, Hartford Life and Accident Insurance Co., Metropolitan Life Insurance Co., New York Life Insurance Co., Thrivent Financial for Lutherans, Jackson National Life Insurance Co., Great-West Life & Annuity Insurance Co., Canada Life Assurance Co., Massachusetts Mutual Life Insurance Co., C.M. Life Insurance Co., Genworth Life & Annuity Insurance Co. and Knights of Columbus; Charlotte, N.C.-based gas distribution company.

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.

Between October 15 and October 19

PIEDMONT NATURAL GAS CO., INC.: $200 million of 3.57% series B senior notes due July 16, 2027; proceeds for general corporate purposes including but not limited to working capital needs, capital expenditures and refinancing outstanding borrowings; purchasers Prudential Insurance Co. of America, Hartford Life and Accident Insurance Co., Metropolitan Life Insurance Co., New York Life Insurance Co., Thrivent Financial for Lutherans, Jackson National Life Insurance Co., Great-West Life & Annuity Insurance Co., Canada Life Assurance Co., Massachusetts Mutual Life Insurance Co., C.M. Life Insurance Co., Genworth Life & Annuity Insurance Co. and Knights of Columbus; Charlotte, N.C.-based gas distribution company.

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