Deals 03/04/2020

Loop Capital Markets serves as co-manager on $1.1 billion secured bond offering for Southern California Edison Company

On March 4, 2020, Loop Capital Markets served as a co-manager on a two-tranche, $1.1 billion, first mortgage bond offering for Southern California Edison. The notes are rated A3/A- across 10.25- and 30-year tenors. The transaction’s 30-year tranche was a re-opening of a $500 million new issue bond originally offered by Southern California Edison on 1/6/2020.

Southern California Edison intends to use the net proceeds of the offering for general corporate and refinancing purposes.