Deals 02/26/2024

Loop Capital Markets as co-manager on $2.3 billion first mortgage bond (FMB) offering for Pacific Gas and Electric Company

On February 26, 2024, Loop Capital Markets acted as a co-manager on a three-tranche, $2.3 billion FMB offering for Pacific Gas and Electric Company. The bonds are rated Baa2/BBB/BBB across 5-, 10- and 30-year tranches.

Use of proceeds are earmarked for general corporate purposes and debt repayment.