Loop Capital Markets mandated as book-runner on $650 million high yield senior unsecured notes offering for Nova Chemicals Corporation

On February 5, 2024, Loop Capital Markets was mandated as a book-runner on a $650 million high yield senior unsecured notes offering for Nova Chemicals Corporation. The 6-year bond is rated Ba3/B+/BB-.

Use of proceeds are earmarked for general corporate purposes and tender offer purchases.

 

Loop Capital Markets as co-manager on $450 million senior unsecured notes offering for Antares Holdings LP

On February 1, 2024, Loop Capital Markets acted as a co-manager on a $450 million senior unsecured notes offering for Antares Holdings LP. The 5-year bond is rated Baa2/BBB-.

Use of proceeds are earmarked for general corporate purposes and debt repayment.

Loop Capital Markets as co-manager on $1.4 billion Initial Public Offering (IPO) for Amer Sports, Inc.

On February 1, 2024, Loop Capital Markets served as a co-manager on a $1.4 billion IPO for Amer Sports, Inc.

Use of proceeds are earmarked for general corporate purposes and debt repayment.

Loop Capital Markets as co-manager on $750 million senior unsecured notes offering for KLA Corporation

On January 30, 2024, Loop Capital Markets acted as a co-manager on a two-tranche, $750 million senior unsecured notes offering for KLA Corporation. The bonds are rated A2/A-/A across 10- and 30-year tranches.

Use of proceeds are earmarked for general corporate purposes and debt repayment.

Loop Capital Markets as co-manager on $4.4 billion senior unsecured notes offering for NextEra Energy Capital Holdings, Inc.

On January 29, 2024, Loop Capital Markets acted as a co-manager on a five-tranche, $4.4 billion senior unsecured notes offering for NextEra Energy Capital Holdings, Inc. The bonds are rated Baa1/BBB+/A- across 2-, 5-, 10-, 30-year tranches.

Use of proceeds are earmarked for general corporate purposes, debt repayment and funding capital projects.

Loop Capital Markets mandated as book-runner on $693.3 million Initial Public Offering (IPO) for BrightSpring Health Services, Inc.

On January 25, 2024, Loop Capital Markets was mandated as a book-runner on a $693.3 million IPO for BrightSpring Health Services, Inc.

Use of proceeds are earmarked for general corporate purposes and debt repayment.

Loop Capital Markets mandated as book-runner on $400 million convertible securities offering for BrightSpring Health Services, Inc.

On January 25, 2024, Loop Capital Markets was mandated as a book-runner on a $400 million convertible securities offering for BrightSpring Health Services, Inc.

Use of proceeds are earmarked for general corporate purposes.

Loop Capital Markets as co-manager on $500 million senior unsecured notes offering for Tampa Electric Company

On January 25, 2024, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured notes offering for Tampa Electric Company. The 5-year bond is rated A3/ BBB+/A.

Use of proceeds are earmarked for general corporate purposes and debt repayment.

Loop Capital Markets Serves as Sole Manager for the $23.315 million Indianapolis Local Public Improvement Bond Bank Facility Revenue Bonds, Series 2024A

On January 24, 2024, Loop Capital Markets served as Sole Manager on Indianapolis Local Public Improvement Bond Bank’s (“ILPIBB”) $23.315 million Facility Revenue Bonds, Series 2024A (the “Bonds”). This was ILPIBB’s inaugural issuance for this credit and the Bonds were rated Aa1 by Moody’s. Bond proceeds will be applied to the cost of renovating, repairing, improving or demolishing certain buildings and facilities, and paying costs of issuance of the Bonds.

The Firm worked extensively with ILPIBB to structure the inaugural issuance and to achieve the highest rating possible. In addition, Loop Capital Markets assisted ILPIBB in creating a comprehensive electronic investor roadshow (viewed by 24 unique investors), compiled a detailed investor analysis that identified underrepresented target investors, and provided a detailed read sheet summarizing investors expected to participate (including structural reverse inquiries) and rationale from non-participating accounts.

Ultimately, 13 accounts participated in the transaction (four investors were new to ILPIBB across all of its credits), generating more than $53.7 million in orders or 2.3x oversubscription. In support of the transaction, Loop Capital Markets underwrote $0.555 million of unsold balances with no yield adjustments despite having appetite from investors at higher coupons. Ultimately, this transaction achieved an All-In TIC of 3.854% with an average life of 10.858 years.

Loop Capital Markets as co-manager on $1.5 billion fixed rate resetting perpetual non-cumulative convertible securities offering for State Street Corporation

On January 24, 2024, Loop Capital Markets acted as a co-manager on a $1.5 billion fixed rate resetting perpetual non-cumulative convertible securities offering for State Street Corporation. The securities are rated Baa1/BBB/BBB+.

Use of proceeds are earmarked for general corporate purposes.