Deals 05/02/2022

Loop Capital Markets as co-manager on $1.5 billion senior unsecured Sustainability Notes offering for Georgia Power Company

On May 2, 2022, Loop Capital Markets served as a co-manager on a two-tranche $1.5 billion senior unsecured Sustainability Notes offering for Georgia Power Company. The bonds are rated Baa1/BBB+/BBB+ across 10- and 30-year tranches.

Use of proceeds will be allocated to finance or refinance one or more Eligible Projects and pending those allocations the Company intends to temporarily use all or a portion of the net proceeds to repay the amounts outstanding under an uncommitted credit facility and, or commercial paper borrowings. The “Eligibility Criteria” constitutes as expenditures and investments related to the construction, development, expansion, production, acquisition, maintenance, transmission, R&D and operations of renewable energy generation and infrastructure.