Private Placement Letter back issues from April 2006:
Buzz Box.(Old Dominion Freight Line enters private market via SPP Capital Partners and BB&T Capital Markets)(Brief article)
Apr 03, 2006 ... At Deadline ... New details emerged about Thomas-ville, N.C.- based Old Dominion Freight Line, which entered the private market earlier this month via co-agents SPP Capital and BB&T Capital Markets, sources said. Old Dominion, which carries an existing ...
Sempra Circles Half Billion Dollar Deal via ABN Amro.(Sempra Energy)(ABN AMRO Bank N.V. (Amsterdam, Netherlands))
Apr 03, 2006 ... San Diego-based energy services holding company Sempra Energy circled an upsized $500 million structured letter of credit note transaction last week, sources said. ABN Amro acted as the sole agent for the deal. Sempra executed the transaction, which originally had a cover size ...
Barclays Busy Upsizing Two Cross-Border Businesses.(Barclays Capital Inc. circles up with Davis Service Group PLC and OCE N.V.)
Apr 03, 2006; ... Barclays Capital has been busy recently, as it circled up two $250 million upsized private placements - for copying and printing specialist Netherlands-based Oce NV, which it co-agented with ABN Amro, and for Davis Service Group, a United Kingdom-based laundry and clothing services company ...
Second French Company of the Year Hits Private Market with $150M Launch.(Thomson SA enters in to private market with RBS Greenwich Capital)
Apr 03, 2006; ... In what represents the second private deal stemming from France this year, according to PPL data, Paris-based electronics and media company Thomson SA entered the private market last week looking for $150 million of senior notes via agent RBS Greenwich Capital, sources said. ...
Dow Chemical Places $104M in Private Leverage Lease Deal.(Dow Chemical Co. (Midland, Michigan))(J.P. Morgan Securities Inc.)(Brief article)
Apr 03, 2006 ... The Dow Chemical Company, the largest chemical company in the United States and the second largest in the world, circled a $104 million leverage lease transaction via sole agent JPMorgan Securities last week, sources said. The issuer placed the deal in a single 22-year final/ ...
Alfa Bank Prices Russia's First DPR in $350M Deal.(diversified payment rights)
Apr 03, 2006; ... After a year or two of mounting expectation, Russia has finally seized the attention of structured finance investors and it appears it's not letting go anytime soon. In the last week of March, two Russian banks issued structured deals in the public market for a combined $710 million, a ...
Buzz Box.(Alfa-Laval prices the transaction with the help of HSBC Securities Inc.)(Invacare Corp. listed on New York Stock Exchange)(Bunzl Philadelphia enters market)(Brief article)
Apr 10, 2006 ... At Deadline ... Bunzl, which entered the market late last month, priced an upsized $385 million transaction last week via dual agents RBS Greenwich Capital and Banc of America Securities, sources said. The agents, which originally launched the deal at $200 million, ...
Old Dominion Fires Agents, Prices Upsized Deal.(Old Dominion Freight Line Inc. signs Banc of America Securities L.L.C.)
Apr 10, 2006; ... In a twisted turn of events and in what some market insiders called an industry first, Old Dominion Freight Line fired both the agents it had mandated on the transaction after the deal had been launched one month ago. The company removed SPP Capital and BB&T Capital Markets as agents and ...
Portland General Electric Divorces Enron, Launches $275M Transaction.
Apr 10, 2006; ... Coinciding with its introduction on the New York Stock Exchange and its parting with embattled parent company Enron, Portland General Electric Co. (PGE) launched a $275 million private placement last week via dual agents Deutsche Bank and JPMorgan Securities, sources said. The ...
Barclays Turns its Attention to Europe With Two New Deals.(Barclays Capital Inc. acquires Cementos Portland S.A. and Quinn Group )
Apr 10, 2006; ... Barclays Capital has recently been busy focusing its effort on European deals as it brought both Pamplona, Spain-based Cementos Portland Valderrivas, the cement subsidiary of Spanish construction group Fomento de Construcciones y Contratas (FCC), and Cavan, Ireland-based Quinn Group to the ...
Private Market Looks into the ABC's of New Issuer.(ABC Learning Centres enters market with Banc of America Securities L.L.C.)
Apr 10, 2006 ... Queensland, Australia-based ABC Learning Centres Ltd., the largest listed global provider of childcare services is in the private market seeking $100 million of senior notes with a potential upsize via sole agent Banc of America Securities, sources said last week. The NAIC-2 ...
W.P. Carey Seals a Sale-Leaseback Deal for UTEX Industries.(W.P. Carey and Company L.L.C.)
Apr 10, 2006 ... New York-based investment firm W.P. Carey & Co. LLC completed a $14.7 million sale- leaseback transaction with Houston-based sealing and industrial maintenance products manufacturer UTEX Industries, Inc., according to a statement W.P. Carey released last week. W.P. Carey ...
JetBlue Flies High with Upsized $224M Placement.(JetBlue Airways Corp.)(Brief article)
Apr 10, 2006 ... JetBlue Airways landed a $224 million placement in the private market last week, an upsize from the $215 million launch the issuer originally came to the market with, sources said. Merrill Lynch acted as the sole agent for the deal. The issuer structured the notes of the ...
SPP Prices $40M for Metal Company.(Ladish Company Inc. collects finance with the help of SPP Capital Partners)(Brief article)
Apr 10, 2006; ... SPP Capital circled up a $40 million private placement for Ladish Co., a Cudahy, Wis.-based metalworking company last week, sources said. The agent placed the notes in a 10-year final/seven-year average life maturity that priced at 130 basis points over Treasurys, according to ...
Buzz Box.(mortgage bonds from Cementos Portland S.A. and Portland General Electric Co.)(Brief article)
Apr 17, 2006 ... At Deadline ... New details emerged about Pamplona, Spain-based Cementos Portland Valderrivas, the cement subsidiary of Spanish construction group Fomento de Construcciones y Contratas (FCC), which entered the private market via Barclays Capital last week seeking $100 million to ...
Tele2 Teases Investors' Interest; Prices Upsized $220M Transaction.(Brief article)
Apr 17, 2006; ... Swedish telecom company Tele2 priced an upsized $220 million inaugural private placement deal last week, via lead agent RBS Greenwich Capital and co-agent West LB, sources said. The agents structured the deal, originally launched at $100 million, in two tranches: a $120 million ...
Texan Grocer Satisfies Private Market's Appetite with $120M Deal.(H.E. Butt Grocery Co.)(Brief article)
Apr 17, 2006 ... San Antonio, Texas-based supermarket chain H.E. Butt priced an upsized $120 million transaction via sole agent JPMorgan Securities last week, sources said. The agent split the senior note deal, originally launched at $100 million, into six tranches: an eight-year bullet priced ...
March Madness: Deal Volume at Highest Level in a Year.(private placement industry sees good time)
Apr 17, 2006; ... The arrival of spring heralded brighter times for the private placement industry, as deal volume blossomed to $4.02 billion in overall issuance across 20 transactions in March, and $3.05 billion in traditional deal flow across 16 deals. The figure represents a dramatic increase from the ...
Texas Oil Company Tetra Takes in $90M.(Banc of America Securities L.L.C., TetraTechnologies Inc)(Brief article)
Apr 17, 2006; ... TetraTechnologies, Inc. a Texas-based oil and gas services company priced a $90 million upsized private placement last week via agent Banc of America Securities, sources said. The agent structured the deal, originally launched at $50 million, in a single 10-year bullet at 105 ...
Sanderson Farms Places $50M via Harris Nesbitt.(Harris Nesbitt Gerard)
Apr 17, 2006 ... The fifth largest poultry processor in the United States, Sanderson Farms, priced a $50 million senior note deal in the private placement arena last week, sources said. Agent Harris Nesbitt solely led the transaction. The agent offered the notes in a single 10-year ...
Germany's Warsteiner Brews up $100M Senior Note Deal.(Warsteiner Brauerei Haus Cramer KG)
Apr 17, 2006 ... One of Germany's largest privately owned breweries, Warsteiner Brauerei Haus Cramer KG, is in the private market seeking $100 million of senior notes, sources said. Deutsche Bank is leading the transaction. The issuer is looking for a 10-year note tranche with price talk in the ...
Buzz Box.(Fomento de Construcciones y Contratas S.A. signs contract via Barclays Capital Inc.)(Brief article)
Apr 24, 2006 ... At Deadline ... Pamplona, Spain-based Cementos Portland Valderrivas, the cement subsidiary of Spanish construction group Fomento de Construcciones y Contratas (FCC), priced an upsized $130 million transaction last week via Barclays Capital, sources said. The agent ...
JPM Brings Twice the Action to the Market with Two New Issuers.(J.P. Morgan Securities Inc. helps Alliance Data Systems and Furniture Brands International Inc. to enter private placement market)
Apr 24, 2006 ... Two first time issuers - Dallas-based Alliance Data and St. Louis, Mo.-based Furniture Brands International - entered the private placement market with a combined total of $400 million last week via agent JPMorgan Securities, sources said. Alliance Data, a provider of ...
French Electronics Company Prices Upsized Deal.(Thomson S.A.)(Brief article)
Apr 24, 2006; ... The transaction for French electronics and media company Thomson SA, which entered the private market earlier this month looking for $150 million of senior notes via agent RBS Greenwich Capital, generated a strong interest from investors. The company priced a significantly upsized $450 ...
UK Private Equity Firm Goes Private.
Apr 24, 2006; ... London, U.K.-based private equity firm SVG Capital entered the private market last week, via agent RBS Greenwich Capital, sources said. The company, viewed as a NAIC-2 type issuer, is seeking 200 million ($246 million) of senior notes and intends to structure the transaction in ...
Organic Food Company Prices $150M Deal.
Apr 24, 2006; ... Melville, N.Y.-based Hain Celestial Group, an organic food products company listed on the Nasdaq, priced a $150 million private placement last week, sources said. Agent Banc of America Securities structured the transaction in a single 10-year bullet that priced at 95 basis ...
Kingfisher Rules Private Market Seeking $200M.(via Deutsche Bank AG and HSBC Securities USA Inc.)
Apr 24, 2006; ... After month long speculations about U.K.-based home improvement retail group Kingfisher plc, the company entered the private market last week seeking $200 million via dual agents Deutsche Bank and HSBC Securities, sources said. The company is looking to structure the transaction ...
Following Acquisition, BAS Defers Aussie Deal.(ABC Learning Centres, Banc of America Securities L.L.C.)(Brief article)
Apr 24, 2006; ... The transaction for Queensland, Australia-based ABC Learning Centres Ltd., which was set to price last week, has been deferred to "the fourth quarter of 2006 or the first quarter of next year," a source at Banc of America Securities said. The company, the largest listed global ...
Bean Town's Finest Circles $126.5M in Private Market.(Boston Celtics)
Apr 24, 2006 ... The Boston Celtics scored big as they circled a $126.5 million traditional private placement in the market last week, sources said. Agent SG Americas solely led the transaction. The issuer placed the deal in two tranches. The first part, totaling $100 million of senior notes, ...
Retail Goliath Wal-Mart Walks Away with $6M CTL.(credit tenant lease transaction, Wal-Mart Stores Inc.)(Brief article)
Apr 24, 2006 ... The world's number one retailer Wal-Mart Stores, Inc. priced a $6 million credit tenant lease transaction last week via agent Bostonia, sources said. The NAIC-1 type credit placed the deal in a 25-year final/15.4-year average life maturity at 95 basis points over Treasurys, ...