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Private Placement Letter

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.

Grainger Raises £75M in European PP Market

– U.K.-based residential property owner and manager Grainger plc has raised £75 million with a single investor.

Canada's Mullen Group Prices $400M PP Deal

– Mullen Group Ltd., a Canadian-based oilfield services and transportation company, has priced a $400 million private placement transaction.

Auckland International Airport Lands $250M PP

– The deal, which was agented by National Australia Bank, is comprised of a single, 12-year tranche.

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.


PPL Deal Log

Most Recent US private placements

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

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