Deals 12/09/2020

Loop Capital Markets acts as co-manager on a $1.90 billion senior secured bond offering for Nasdaq

On December 9, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $1.90 billion, senior secured bond offering for Nasdaq. The bonds are rated Baa2/BBB across 2- 11- and 20-year tranches.

Use of proceeds are earmarked to fund the cash consideration for the Verafin acquisition, to repay outstanding debt and for general corporate purposes.