On March 2, 2022, Loop Capital Markets served as a co-manager on a two-tranche $850 million high yield senior unsecured notes offering for Macy’s Retail Holdings, LLC. The bonds are rated Ba2/BB across 8-and 10-year tranches.
Use of proceeds are earmarked to redeem second lien notes due 2024, senior notes due 2023 & 2024, and for general corporate purposes including call premiums and to pay related transaction fees and expenses.
On March 2, 2022, Loop Capital Markets acted as a co-manager on a $400 million senior unsecured bond offering for AptarGroup, Inc. The 10-year bond is rated BAA3/BBB-.
Use of proceeds are earmarked to repay amounts outstanding under the AptarGroup’s revolving credit facility, and the remainder for general corporate purposes which may include the repayment of other near term debt maturities.
On March 2, 2022, Loop Capital Markets served as a co-manager on a three-tranche $2 billion senior unsecured notes offering for Exelon Corporation. The bonds are rated BAA2/BBB across 5-, 10- and 30-year tranches.
Use of proceeds are earmarked to refinance the existing $1.2 billion junior subordinated notes due June 2022 and for general corporate purposes.
On March 2, 2022, Loop Capital Markets acted as a co-manager on a $400 million senior unsecured bond offering for GATX Corporation. The 10-year bond is rated BAA2/BBB.
Use of proceeds are earmarked to redeem or repay some or all of their senior unsecured notes due June 2022, their longer-dated senior notes depending on market conditions, and for general corporate purposes.
On March 2, 2022, Loop Capital Markets served as a co-manager on a three-tranche $1.5 billion senior unsecured notes offering for Progressive Corporation. The bonds are rated A2/A across 5-, 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On March 1, 2022, Loop Capital Markets served as a co-manager on a two-tranche $1.2 billion first and refunding mortgage Sustainability Bond offering for Duke Energy Carolinas, LLC. The bonds are rated AA3/A across 10- and 30-year tranches.
Use of proceeds are earmarked to finance or refinance, existing or new Eligible Projects in the United States. Eligible Projects include disbursements made in the two years prior to the issue date of the Sustainability Bonds, or any time following the issue date of the Sustainability Bonds until March 15, 2025.
On March 1, 2022, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured bond offering for CME Group Inc. The 10-year bond is rated AA3/AA-.
Use of proceeds are earmarked to redeem, repurchase or otherwise retire prior to maturity outstanding notes due 2022 and for general corporate purposes.
On February 23, 2022, Loop Capital Markets served as a co-manager on a $700 million senior unsecured bond offering for AutoNation, Inc. The 10-year bond is rated Baa3/BBB-.
Use of proceeds are earmarked for general corporate purposes which may include reducing borrowings under AutoNation’s commercial paper program, reducing the revolving credit facility under the company’s credit agreement, and potential share repurchases, strategic initiatives, and acquisitions.
On February 23, 2022, Loop Capital Markets acted as a co-manager on a $750 million, senior unsecured bond offering for ADM. The 10-year bond is rated A2/A.
Use of proceeds are earmarked to finance or refinance, one or more new or existing eligible Green and Social Projects. Eligible Green Projects are investments and expenditures made by the company or any of their subsidiaries that contribute to environmental objectives such as: sustainable aquaculture and animal husbandry, sustainable agriculture, green buildings, energy efficiency, renewable energy, clean transportation, water and waste management, and pollution prevention and control.
On February 16, 2022, Loop Capital Markets was mandated as a joint-bookrunner on a $1 billion senior unsecured green bond offering for Verizon Communications, Inc. The 30-year bond is rated Baa1/BBB+/A-, marking the third time Verizon has utilized D&I firms as active bookrunners, sharing equal responsibility in bringing this successful Green bond issuance to market. This further supports the company’s commitment to advancing racial and social equity in the capital markets by partnering with women- and minority-owned firms. Verizon has become one of the leading corporate buyers of renewable energy in the U.S., by entering into 20 virtual power purchase agreements (VPPAs) also known as renewable energy purchase agreements (REPAs), for approximately 2.6 gigawatts of renewable energy capacity. The company’s investment commitments now total $4 billion to support the U.N. Sustainable Development Goals of sourcing or generating renewable energy of up to 50% of the company’s total annual electricity consumption by 2025 and net-zero in operational emissions by 2035.
Use of proceeds are earmarked to finance or refinance in whole or in part Eligible Green Investments. 100% of those investments will be allocated to renewable energy as Verizon continues to enter into long-term VPPAs which support the construction of solar and wind power facilities.
For more details, visit Verizon.com.
