Deals 08/17/2020

Loop Capital Markets acts as joint book-runner on a $700 million floating rate bond offering for Duke Energy Progress LLC

On August 17, 2020, Loop Capital Markets acted as a joint book runner on a one-tranche, $700 million, floating rate bond offering for Duke Energy Progress LLC. The 2-year floating rate bond is rated A2/A-.

Use of proceeds are earmarked for paying down a term loan put in place in 2018/2019.