Deals • 04/25/2023
On March 29, 2023, Loop Capital Markets was mandated as an active book-runner on a $750 million senior unsecured notes offering for Allstate Corporation. The 10-year bond is rated A3/A-. This transaction marks Allstate’s first trip to the bond market since November 2020 when LCM served as lead left and billing & delivery agent on the first ever corporate investment grade bond consisting of only diverse- and veteran-owned firms as underwriters.
Use of proceeds are earmarked for debt repayment and general corporate purposes.