On July 25, 2019, Loop Capital Markets served as a co-manager on a two-part, $2 billion, senior unsecured bond offering of PepsiCo Inc.  The notes are rated A1/A+ across 30-year and 10-year tenors.

PepsiCo intends to use the net proceeds of the offering for general corporate and refinancing purposes.

On July 24, 2019, Loop Capital Markets participated as co-manager on a preferred notes offering of JPMorgan Chase & Company.  The notes are rated Baa2/BBB- and have a perpetual call feature beginning in August 2024.

JPMorgan Chase & Company intends to use the net proceeds of the offering for general corporate purposes.

On July 24, 2019, Loop Capital Markets acted as a co-manager on a single-tranche, $500 million, senior unsecured bond offering of Boston Gas Company.  The notes are rated A3/A- across a 10-year tenor and were issued as a private placement.

Boston Gas Company intends to use the net proceeds of the offering for general corporate purposes.

On July 10, 2019, Fort Bend County, Texas sold the $34.655 million Limited Tax Facility Bonds, Series 2019 with Loop Capital Markets as the bookrunning senior manager.

Proceeds of the Bonds were used to finance: (i) the construction, acquisition and improvements to (a) County parks and community center facilities, (b) County library facilities, and (c) other County facilities, including administration of justice and public safety facilities, and (ii) paying the COI.  Loop Capital Markets priced the bonds aggressively, and underwrote nearly 1/3 of the bonds.

The County was pleased that the Firm used its capital to backstop the pricing despite having going away orders at wider spreads.  The Bonds were rated “Aa1” (Stable) by Moody’s and “AA+” (Stable) by Fitch.

On July 9, 2019, Loop Capital Markets acted as a co-manager on a two-tranche, $900 million, secured bond offering of New York Life Global Funding.  The notes are rated Aaa/AA+ across a 3-year tenor (fixed and floating) and were issued as a 144 (a) private placement offering.

New York Life intends to use the net proceeds of the offering to support the Company’s funding agreement(s).

On June 25, 2019, Charter Communications issued $750 million in senior unsecured notes as an add-on and under the same indenture as the 10 year notes issued in May 2019; Loop Capital Markets served as a co-manager on the offering.  The notes are unrated and were issued as a private placement.

Charter intends to use the net proceeds of the offering for general corporate purposes, including for share repurchases and refinancing purposes.

On June 24, 2019, Loop Capital Markets served as a co-manager on a single-part, $450 million, senior unsecured bond offering of Ventas Realty LP.  The notes are rated Baa1/BBB+ across a 5.5-year tenor.

Ventas intends to use the net proceeds of the offering for refinancing purposes.

On June 18th, 2019, Loop Capital Markets participated as a co-manager on a single-tranche, $600 million, senior unsecured bond offering of Edison International.  The notes are rated Baa3/BBB- across an 8-year tenor.

Edison International intends to use the net proceeds of the offering for general corporate and refinancing purposes.

On June 17th, 2019, Loop Capital Markets participated as a co-manager on an $1.0 billion fixed-to-floating rate non-cumulative perpetual preferred stock offering.  The preferred notes are rated Baa3/BBB- and carry a fixed dividend rate of 5.125% for the first 5-years and then a floating rate of 3-month Libor plus 329.2 basis points.

Bank of America intends to use the net proceeds of the offering for general corporate purposes.

On June 12, 2019, Loop Capital Markets participated as a co-manager on a single-tranche, $400 million, senior unsecured bond offering of Pentair Finance SARL.  The note s are rated Baa3/BBB- across a 10-year tenor.

Pentair intends to use the net proceeds of the offering for general corporate and refinancing purposes.