Deals 06/01/2023

Loop Capital Markets as co-manager on $2.5 billion first mortgage bond (FMB) offering for Pacific Gas and Electric Company

On June 1, 2023, Loop Capital Markets acted as a co-manager on a three-tranche, $2.5 billion FMB offering for Pacific Gas and Electric Company. The bonds are rated Baa3/BBB-/BBB- across 5-, 10-, and 30-year tranches.

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