Deals • 02/18/2021

Loop Capital Markets acts as co-manager on a $337 million senior secured recovery bond offering for Southern California Edison

On February 18, 2021, Loop Capital Markets acted as a co-manager on a three-tranche, $337 million, senior secured recovery bond offering for Southern California Edison (SCE). The bonds are rated Aaa/AAA/AAA across 12- 19- and 24-year tranches.

Use of proceeds are earmarked for reimbursing SCE for previously incurred recovery costs, including the retirement of related debt.

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