Deals
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08/16/2023
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.