On March 1, 2023, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured notes offering for KeySpan Gas East Corp. The 10-year bond is rated Baa1/BBB+/A-.
Use of proceeds are earmarked for general corporate purposes.
On March 1, 2023, Loop Capital Markets served as a co-manager on a $476 million follow-on stock offering (including the green shoe) for Alight, Inc.
Selling shareholders will receive all of the net proceeds from the offering.
On March 1, 2023, Loop Capital Markets served as a co-manager on a $183 million follow-on stock offering for PowerSchool Holdings, Inc.
Selling shareholders will receive all of the net proceeds from the offering.
On February 28, 2023, Loop Capital Markets served as a co-manager on a three-tranche, $2.5 billion FMB offering for Florida Power & Light Company. The bonds are rated Aa2/A+/AA- across 5-, 10-, and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes and to repay outstanding commercial paper borrowing.
On February 28, 2023, Loop Capital Markets acted as a senior co-manager on a $1.3 billion fixed rate reset noncumulative preferred stock offering for Citigroup Inc.
Use of proceeds are earmarked to redeem outstanding securities and general corporate purposes.
On February 28, 2023, Loop Capital Markets served as a co-manager on a $1.7 billion secondary equity offering (including the green shoe) for American Water Works Company, Inc.
Use of proceeds are earmarked for general corporate purposes and repayment of the subsidiary’s commercial paper balance.
On February 27, 2023, Loop Capital Markets acted as a co-manager on a two-tranche, $1.4 billion FMB offering for PPL Electric Utilities Corporation. The bonds are rated A1/A+ across 10-, and 30-year tranches.
Use of proceeds are earmarked for debt repayment and general corporate purposes.
On February 27, 2023, Loop Capital Markets acted as a co-manager on a four-tranche, $2 billion MTN offering for John Deere Capital Corporation. The bonds are rated A2/A/A+ across 2-, 3 (fixed and floating)- and 5-year tranches.
Use of proceeds are earmarked for general corporate purposes and working capital.
On February 27, 2023, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured notes offering for Arrow Electronics, Inc. The 3-year bond is rated Baa3/BBB-/BBB-.
Use of proceeds are earmarked for debt repayment and general corporate purposes.
On February 23, 2023, Loop Capital Markets acted as a co-manager on a two-tranche, $2 billion senior unsecured notes offering for United Parcel Service Inc. The bonds are rated A2/A across 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes.