On October 9, 2024, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured notes offering for Ares Management Corporation. The 30-year bond is rated BBB+/A-.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On October 9, 2024, Loop Capital Markets acted as a co-manager on a $1.5 billion convertible securities offering (including the green shoe) for Ares Management Corporation
Use of proceeds are earmarked for general corporate purposes.
On October 8, 2024, Loop Capital Markets served as a co-manager on a $662 million IPO (including the green shoe) for KinderCare Learning Companies, Inc.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On October 7, 2024, Loop Capital Markets acted as a co-manager on a three tranche, $3 billion MTN offering for Toyota Motor Credit Corporation. The bonds are rated A1/A+/A+ across 2-, 3- and 7-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On October 7, 2024, Loop Capital Markets acted as a co-manager on a $900 million senior unsecured notes offering for Eastern Energy Gas Holdings, LLC. The 30-year bond is rated Baa1/A-.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On October 1, 2024, Loop Capital Markets acted as a co-manager on a two tranche, $1.3 billion senior secured notes offering for AS Mileage Plan IP Ltd. The bonds are rated Baa2/BBB- across 5- and 7-year tranches.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On September 25, 2024, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured notes offering for Ares Strategic Income Fund. The 5-year bond is rated BBB+/A-.
Use of proceeds are earmarked for general corporate purposes, debt repayment and acquisition financing.
On September 24, Loop Capital Markets served as senior manager and co-dealer manager on New York City Municipal Water Finance Authority’s (“NYW”) $886.77 million Water and Sewer System Second Resolution Revenue Bonds, Fiscal 2025 AA transaction. This transaction funded capital improvement projects, refunded certain outstanding bonds and purchased the bonds tendered and accepted by NYW. This was the first tender by NYW and one of the first ever low coupon tenders by any issuer. NYW’s targeted tender candidate included certain 2% and 3% coupon bonds and one 5% coupon bond totaling $478.7 million of which $45.5 million or 10% of the tender candidates were tendered to NYW. The tender financing generated $3.6 million or 8.3% PV savings. Ultimately, at the conclusion of the institutional order period, the transaction was oversubscribed by 3.4X. Given the oversubscription, yields were bumped in certain maturities by 4 to 8 basis points. The deal was upsized by $100 million due to favorable pricing levels and demand.
On September 24, 2024 Loop Capital Markets was mandated as an active book-runner on a $600 million FABN offering for New York Life Global Funding. The 3-year bons is rated Aaa/AA+/AAA. This transaction marks New York Life Global Funding’s (NYLIFE) seventh trip to the USD market in 2024 and the second time Loop Capital has served as an active book-runner for the issuer.
Use of proceeds are earmarked for purchasing one or more funding agreements.
On September 23, 2024, Loop Capital Markets acted as a co-manager on a $2 billion high yield perpetual preferred stock offering for Goldman Sachs Group, Inc. The securities are rated Ba1/BB+/BBB-.
Use of proceeds are earmarked for general corporate purposes.
