Deals 05/18/2022

Loop Capital Markets as co-manager on $1.3 billion First Mortgage Bond (FMB) offering for Southern California Edison Co.

On May 18, 2022, Loop Capital Markets served as a co-manager on a 3-tranche, $1.3 billion FMB offering for Southern California Edison Co. The bonds are rated A3/A- across 3-, 5- and 30-year tranches.

Use of proceeds are earmarked to fund the payment of wildfire claims above the amount of expected insurance proceeds, to repay commercial paper borrowings that were used to fund the payment of such wildfire claims and for general corporate purposes.