On May 5, 2023, Loop Capital Markets was mandated as an active book-runner on a $1 billion senior unsecured green bond offering for Verizon Communications Inc. The 10-year bond is rated Baa1/BBB+/A-. This transaction marks Verizon’s first trip to the USD bond market in 2023, the fifth green capital raise since its inaugural ESG financing in 2019, and the fourth time Verizon has utilized D&I firms as active book-runners, sharing equal responsibility in bringing this successful green bond issuance to market.
Use of proceeds are earmarked for financing or refinancing eligible green investments.
On May 1, 2023, Loop Capital Markets acted as a co-manager on a $1.8 billion senior unsecured notes offering for Georgia Power Company. The bonds are rated Baa1/BBB+/BBB+ across 5- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes and debt refinancing.
On May 1, 2023, Loop Capital Markets acted as a co-manager on a $800 million senior unsecured convertible notes offering (including the green shoe) for CMS Energy Corporation. The notes have a 5-year tenor.
Use of proceeds are earmarked for general corporate purposes.
On May 1, 2023, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured notes offering for The Hershey Company. The bonds are rated A1/A across 5- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On May 1, 2023, Loop Capital Markets acted as a co-manager on a $400 million senior unsecured notes offering for GATX Corporation. The 10-year bond is rated Baa2/BBB/BBB+.
Use of proceeds are earmarked for general corporate purposes.
On May 1, 2023, Loop Capital Markets acted as a co-manager on a $8.5 billion senior unsecured notes offering for Meta Platforms, Inc. The bonds are rated A1/AA- across 5-, 7-, 10-, 30- and 40-year tranches.
Use of proceeds are earmarked for general corporate purposes and acquisition financing.
On May 1, 2023, Loop Capital Markets acted as a co-manager on a $5 billion senior unsecured notes offering for Comcast Corporation. The bonds are rated A3/A-/A- across 5-, 10-, 30- and 41-year tranches.
Use of proceeds are earmarked to fund tender offers, general corporate purposes and debt repayment.
On April 24, 2023, Loop Capital Markets acted as a co-manager on a $2.3 billion senior unsecured notes offering for Canadian Imperial Bank of Commerce. The bonds are rated A2/A-/AA- across 2- and 5-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On April 24, 2023, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured notes offering for nVent Finance S.à r.l. The 10-year bond is rated BBB-/BBB.
Use of proceeds are earmarked for general corporate purposes and acquisition financing.
On April 19, 2023, Loop Capital Markets was mandated as a lead-manager on a $2.8 billion MTN offering for Morgan Stanley. The 6-year bond is rated Aa3/A+/AA-.
Use of proceeds are earmarked for general corporate purposes.
