On September 25, 2024, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured notes offering for Ares Strategic Income Fund. The 5-year bond is rated BBB+/A-.
Use of proceeds are earmarked for general corporate purposes, debt repayment and acquisition financing.
On September 24, 2024 Loop Capital Markets was mandated as an active book-runner on a $600 million FABN offering for New York Life Global Funding. The 3-year bons is rated Aaa/AA+/AAA. This transaction marks New York Life Global Funding’s (NYLIFE) seventh trip to the USD market in 2024 and the second time Loop Capital has served as an active book-runner for the issuer.
Use of proceeds are earmarked for purchasing one or more funding agreements.
On September 23, 2024, Loop Capital Markets acted as a co-manager on a $2 billion high yield perpetual preferred stock offering for Goldman Sachs Group, Inc. The securities are rated Ba1/BB+/BBB-.
Use of proceeds are earmarked for general corporate purposes.
On September 23, 2024, Loop Capital Markets served as a co-manager on a three tranche, multi-currency, euro (€1.8 billion) and sterling (£750 million) senior unsecured notes offering for Comcast Corporation. The bonds are rated A3/A-/A- across 8-, 12-, and 16-year tranches.
Use of proceeds are earmarked for general corporate purposes, working capital and debt repayment.
On September 23, 2024, Loop Capital Markets acted as a co-manager on a $450 million senior unsecured notes offering for First American Financial Corporation. The 10-year bond is rated Baa2/BBB-/BBB.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On September 17, 2024, Loop Capital Markets acted as a co-manager on a $837 million ABS offering for Santander Consumer USA Inc’s (Drive Auto Receivables Trust 2024-2). The bonds mature in 3- and 4-years across 2 tranches.
Use of proceeds are earmarked for general corporate purposes.
On September 16, 2024, Loop Capital Markets acted as a co-manager on a four tranche, $3.7 billion senior unsecured notes offering for Novartis Capital Corporation. The bonds are rated Aa3/AA- across 5-, 7-, 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On July 25, 2024, Loop Capital Markets served as a co-manager on a $5.1 billion IPO (including the green shoe) for Lineage, Inc.
Use of proceeds are earmarked for general corporate purposes, capital expenditure and debt repayment.
On July 24, 2024, Loop Capital Markets served as a co-manager on a $564 million IPO (including the green shoe) for OneStream, Inc.
Use of proceeds are earmarked for general corporate purposes, capital expenditure, working capital and acquisition financing.
On July 23, 2024, Loop Capital Markets acted as a senior co-manager on a five-tranche, $5 billion senior unsecured notes offering for Occidental Petroleum Corporation. The bonds are rated Baa3/BB+/BBB- across 3-, 5-, 7-, 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes and acquisition financing.