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Private Placement Letter

Jersey Electricity Tapped PP Market for £30M

– Pricoa Capital Group, an affiliate of Prudential Financial with offices in Chicago, Frankfurt and London, acted as the agent on the deal, which was completed in June.

Entergy Returns Via River Fuel Trust for $90M

– The repeat issuers will use proceeds from the single tranche deal to purchase nuclear fuel.

Adler Real Estate Reopens European Private Placement

– The German company plans to issue up to another €50 million, bringing the total amount outstanding to up to €100 million.

Virginia International Gateway Preps $450M PP for Port Buyout

– Virginia International Gateway, a newly formed port operating company, is expected to place $450 million in private debt to finance the acquisition of APM Terminal’s Portsmouth, Virginia container facility.

France's Albioma Priced €80M PP in June

– The bonds, which mature in December 2020, were placed with European institutional investors.

South Jersey Industries Comes Back for $240M

– The debt was placed in June with units of Metlife, Axis Reinsurance, Northwestern Mutual, and Woodman of the World Life Insurance.

Mettler-Toledo Places $250M PP With 3 Investors

– The deal consists of two $125 million tranches of delayed draw 10-year senior notes.

Mesirow, Newmark Co-Agent $90M CTL to Finance VA Facility

– The deal consists of two 20-year tranches, one that is fully amortizing and one that is partially amortizing.

Shurgard Europe Sticks with Euros

– The self-storage facilities operator upsized its inaugural private placement, to €300 Million, but opted not to issue in dollars.

Allianz Trust Prices £100M Private Placement

– Deutsche Bank was the agent on the transaction, which consists of a single, 15-year tranche that will be used to retire shorter-term debt.

Shurgard Europe Shopping €150M Private Placement

– The largest owner and operator of self-storage facilities in Western Europe is looking to issue seven-year, 10-year and 12-year bullets.

Meridian Energy Returns with $140M Transaction

– New Zealand’s largest renewable energy generator, which was last in the private placement market in 2004, issued a $40 million seven-year bullet and a $100 million 12-year bullet.

Port of Brisbane Prices Upsized AUD175 Million

– The deal, which was upsized from AUD100 million on the cover, consists of a single, 15-year tranche.

Gallagher Returns for $700M to Fund Acquisitions

– The insurance brokerage and risk management services firm placed the upsized offering with 22 investors.

Trade Groups Join Forces on Euro PP Standards

– Two leading trade groups have joined forces to establish a guide to best practices in Europe’s small but growing private placement market.


PPL Deal Log

Most Recent US private placements

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

Devro

$100M

Government of Aruba

$97.2M

 

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

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