Deals 01/27/2022

Loop Capital Markets as co-manager on $500 million senior secured bond offering for Embecta Corp.

On January 27, 2022, Loop Capital Markets served as a co-manager on a $500 million senior secured notes offering for Embecta Corp. The 8-year bond is rated B3/B+.

Use of proceeds are earmarked to finance the spin-off of Embecta from Becton, Dickinson and Company (“BD”), including payment of a cash distribution to BD, as well as related transaction fees and expenses, working capital, and general corporate purposes.