Private Placement Calendar

Upcoming Closings

September

UNITED DRUG PLC: $170 million (€131 million) loan note issue; maturities of 10 and 12 years; weighted average fixed annual interest rate of 3.7%; proceeds to repay bank facilities and existing loan note maturities in 2014 and to support future growth; a Dublin-based pharmaceutical manufacturer, distributor and wholesaler.

November

SENSIENT TECHNOLOGIES CORP.: $75 million of 3.66% senior notes and about €38 million of 3.06% senior notes maturing in 2023; proceeds for future liquidity needs and for debt repayment; purchasers include New York Life Insurance Co., Metropolitan Life Insurance Co. and Prudential Insurance Co. of America; Milwaukee-based manufacturer and marketer of colors, flavors and fragrances.

December 5

VECTREN UTILITY HOLDINGS, INC.: $150 million of 10-year 3.72% senior notes; proceeds to repay debt and for general corporate purposes; subsidiary of Vectren Corp., an Evansville, Ind.-based energy holding company.

December 16

CHESAPEAKE UTILITIES CORP.: $20 million of 3.73% senior notes, series A, due Dec. 16, 2028; $2 million annual principal payments due beginning Dec. 16, 2019; prepayable in whole or in part at any time upon payment of a prepayment premium; proceeds to reduce short-term borrowings under the company's lines of credit and to fund capital expenditures; a Dover, Del.-based diversified utility company.

December 17

CASEY'S GENERAL STORES, INC.: $50 million of 3.75% series B notes due Dec. 18, 2028; annual mandatory principal prepayments required beginning in 2022; make-whole call option at Treasuries plus 50 basis points; proceeds to be used to construct, remodel and acquire stores and for other working capital purposes; purchasers include Prudential Insurance Co. of America, Gibraltar Life Insurance Co., Ltd., Farmers Insurance Exchange, Mid Century Insurance Co., New York Life Insurance Co., New York Life Insurance and Annuity Corp., ING USA Annuity and Life Insurance Co., Reliastar Life Insurance Co., ING Life Insurance and Annuity Co., Reliastar Life Insurance Co. of New York, Security Life Of Denver Insurance Co., Metropolitan Life Insurance Co., General American Life Insurance Co. and Union Fidelity Life Insurance Co.; Ankeny, Iowa-based convenience store operator.

December

QUESTAR GAS CO.: $90 million of 30-year 4.78% notes and $60 million of 35-year 4.83% notes; proceeds to refinance debt and for general corporate purposes; Salt Lake City-based public utility.

2014

February 27

OTTER TAIL POWER CO.: $60 million 4.68% series A senior unsecured notes due Feb. 27, 2029 and $90 million 5.47% series B senior unsecured notes due Feb. 27, 2044; Otter Tail Power may prepay all or any part of the notes at 100% of the principal amount prepaid, together with accrued interest and a make-whole amount; proceeds to retire Otter Tail Power's $40.9 million senior unsecured term loan and to repay short-term debt; J.P. Morgan Securities LLC acted as placement agent; a Fergus Falls, Minn.-based electric utility company.

May 15

CHESAPEAKE UTILITIES CORP.: $50 million of 3.88% senior notes, series B, due May 15, 2029; $5 million annual principal payments due beginning May 15, 2020; prepayable in whole or in part at any time upon payment of a prepayment premium; proceeds to reduce short-term borrowings under the company's lines of credit and to fund capital expenditures; a Dover, Del.-based diversified utility company.

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