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Private Placement Letter

Sydney Airport Taps U.S. Private Placement Investors

– Sydney Airport has raised A$380 million among U.S. private placement investors, according to a financial report published in August.

Fitch: U.S. Insurers Increase Allocations to Private Placements

– U.S. life insurers continue to modestly shift allocations into less liquid asset classes such as private placement corporate bonds as interest rates remain at historically low levels, according to Fitch Ratings.

Upper Peninsula Power Taps PP Market for $200M

– The Ishpeming, Michican electric utility placed four tranches: 10-, 15-, 20- and 30-year bullets.

Leveraged Finance Vet to Lead Prudential Capital's London Office

– Prudential Capital Group, an asset management arm of Prudential Financial, has named Michael Berry managing director and head of its London office.

Peoples Gas Prints $200M 1st Mortgage Bond

– Peoples Gas, the regulated utility that delivers natural gas to customers in the city of Chicago, priced a $200 million first mortgage bond last week.

Ambac Prices Trust Private Placement

– Bond insurer Ambac Financial Group has announced the pricing of private placement notes in a deal agented by Morgan Stanley.

Walgreens Preparing $100M CTL Transaction

– Pharmacy retail chain Walgreens is preparing a $100 million, privately placed credit-tentant lease transaction.

BAML Maintains Lead Position for First Half 2014

– Data released by Thomson Reuters lists that Bank of America Merrill Lynch remains in the top position for traditional private placements during the first half of 2014.

Fonterra Dairy Doubles in Size to $500M

– The repeat issuer was originally seeking $250 million; it placed the debt with 20 mostly U.S. investors.

Midcoast Energy Partners Extracts $250M

– The natural gas limited partnership is said to be preparing to use proceeds to refinance bank debt.

Cabot Oil & Gas Returns to Market

– Natural gas producer Cabot Oil & Gas is once again looking to raise funds in the private placement debt market, PPL has learned.

Laird plc Taps PP Market

– Technology firm Laird plc has entered into a private placement note agreement, it recently announced.

RPS Group Announces $150M Shelf Facility

– Energy resources and environmental consultancy company RPS Group has agreed to a US$150 million three-year private placement shelf facility with Pricoa Capital Group, the international investment arm of Prudential Capital.

Joseph Meyer's Observer Capital Buys SourceMedia

– Observer Capital’s first acquisition includes business-to-business publications Private Placement Letter, Leveraged Finance News and Asset Securitization Report.

Fonterra Dairy Preps $250 Million Transaction

– The New Zealand dairy cooperative, a repeat issuer, is looking to issue 12- and 15-year tranches.


PPL Deal Log

Most Recent US private placements

Upper Peninsula Power

$200M

Peoples Gas

$200M

Fonterra Dairy

$500M

Grainger plc

£75M

Midcoast Energy Partners

$250M

Mullen Group Ltd.

$400M

Auckland Int'l Airport

$250M

Jersey Electricity

£30M

River Fuel Trust

$90M

Mettler-Toledo

$250M

Albioma

€80M

South Jersey Industries

$240M

Shurgard Europe

€300M

Allianz Trust

£100M

Meridian Energy

$140M

Port of Brisbane

AUD175M

Arthur J. Gallagher

$700M

Wood Group

$375M

SA Power Networks

$370M

GPT

$175M

Ansell

$200M

 

PPL People Database

Exclusive data on top players in capital markets

Allen Weaver

Senior Managing Director and Head of Prudential Capital Group

Firm: Prudential Capital Group

In the news: Prudential Takes Bigger Bite Out of Market

Search the People Database