On September 3, 2019, Loop Capital Markets acted as a co-manager in a single-tranche, $500 million, senior unsecured bond offering of Deere & Company. The notes are rated A2/A across a 30-year tenor.
Deere & Company intends to use the net proceeds of the offering for general corporate purposes.
On September 3, 2019, Loop Capital Markets served as a co-manager in a single-tranche, $600 million, secured bond offering of Northern States Power – Minnesota. The notes are rated Aa3/A across a 30.5-year tenor.
Northern States Power – Minnesota intends to use the net proceeds of the offering to finance and/or refinance existing and future eligible “Green Expenditures.”
On August 20, 2019, Loop Capital Markets participated as a co-manager in a single-part, $1 billion, senior unsecured bond offering of Bank of New York Mellon Corporation. The notes are rated A/AA- across a 3-year tenor.
Bank of New York Mellon intends to use the net proceeds of the offering for general corporate purposes.
On August 19, 2019, Loop Capital Markets acted as a co-manager in a single-tranche, $550 million, first mortgage bond offering of Consumers Energy Company. The notes are rated Aa3/A across a 31-year tenor.
Consumers Energy Company intends to use the net proceeds of the offering for general corporate purposes.
On August 13, 2019, the City of Atlanta (the “City”) sold the $103.135 million Water and Wastewater Revenue Refunding Bonds, Series 2019 with Loop Capital Markets serving as bookrunning senior manager. Proceeds of the bonds were used to refund a portion of the City’s outstanding Water and Wastewater Revenue Series 2009B bonds and pay costs of issuance. The refunding generated almost $40 million in Present Value savings for the Department of Watershed. Moreover, in an effort to reach a variety of buyers, the Firm structured a deal that included various types of coupons which included 3%, 4% and 5%. This not only increased the amount of investors involved, but also generated greater savings for the City. The bonds are rated Aa2 (Stable) and AA- (Stable) by Moody’s and S&P, respectively.
On August 13, 2019, Loop Capital Markets served as a co-manager in a seven-part, $7.0 Billion, senior unsecured bond offering of Exxon Mobil Corporation. The notes are rated Aaa/AA+ across 30-year, 20-year, 10-year, 7-year, 5-year and 3-year (fixed and floating) tenors.
Exxon Mobil intends to use the net proceeds of the offering for general corporate purposes.
On August 13, 2019, Loop Capital Markets acted as a co-manager in a Series A Equity Unit offering of Southern Company.
Southern Company intends to use the net proceeds of the offering to repay short-term indebtedness and for general corporate purposes.
On August 12, 2019, Loop Capital Markets participated as a co-manager in a three-tranche, $1.2 billion, senior unsecured bond offering of CenterPoint Energy Inc. The notes are rated Baa2/BBB across 30-year, 10.5-year and 5-year tenors.
CenterPoint Energy intends to use the net proceeds of the offering for general corporate and refinancing purposes.
On August 12, 2019, Loop Capital Markets served as a co-manager in a single-part, $650 million, senior unsecured bond offering of Ventas Realty LP. The notes are rated Baa1/BBB+ across a 10.5-year tenor.
Ventas intends to use the net proceeds of the offering for refinancing purposes.
On August 8th, 2019, Loop Capital Markets participated as a co‐manager on a three‐tranche, $3.5 billion, senior unsecured bond offering of CVS Health. The notes are rated Baa2/BBB‐ across 5, 7, and 10‐year tenors.
CVS Health intends to use the net proceeds of the offering to fund the purchase of tender offer notes (select 2020 and 2021 notes issued by CVS, Coventry Health Care and Aetna) and related premiums, fees and expenses. Remaining proceeds will be used for general corporate purposes.
