On December 11, 2023, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured notes offering for Ally Financial Inc. The 6-year bond is rated Baa3/BBB-/BBB-.
Use of proceeds are earmarked for general corporate purposes and debt repayment
On December 7, 2023, Loop Capital Markets served as a co-manager on a $153 million follow-on stock offering (including the green shoe) for Vivid Seats Inc.
Selling shareholders will receive all of the net proceeds from the offering.
On December 7, 2023, Loop Capital Markets acted as a co-manager on a $650 million senior unsecured notes offering for Republic Services, Inc. The 10-year bond is rated Baa1/BBB+/A-.
Use of proceeds are earmarked for general corporate purposes.
On December 6, 2023, Loop Capital Markets acted as a co-manager on a $1 billion senior unsecured notes offering for American Electric Power Company, Inc. The 5-year bond is rated Baa3/BBB+.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
Loop Capital Markets served as Bookrunning Senior Manager and Dealer Manager on City Public Service Board of San Antonio, Texas’ (CPS Energy) $636.580 million Revenue Refunding Bonds, New Series 2023AB, which in addition to the $100.340 million Series 2023 VRDBs was selected as the 2023 Bond Buyer Southwest Deal of the Year. Following the impacts of 2021’s Winter Storm Uri, the City of San Antonio authorized CPS Energy to submit a private letter ruling request to the IRS to permit certain extraordinary — and normally taxable — working capital costs to instead be financed tax-exempt long-term. The IRS concurred with CPS Energy’s analysis, resulting in an exception from certain long-term working capital regulations.
On November 30, 2023, Loop Capital Markets served as a co-manager on a $550 million follow-on stock offering (including the green shoe) for Super Micro Computers, Inc.
Selling shareholders will receive all of the net proceeds from the offering.
On November 28, 2023, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured notes offering for Zimmer Biomet Holdings, Inc. The 5-year bond is rated Baa2/BBB/BBB.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On November 28, 2023, Loop Capital Markets acted as a co-manager on a three-tranche, $2.5 billion senior unsecured notes offering for Thermo Fisher Scientific Inc. The bonds are rated A3/A-/A- across 3-, 5- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes, acquisition financing and capital management.
On November 27, 2023, Loop Capital Markets acted as a co-manager on a two-tranche, $2.5 billion fixed/floating rate notes offering for Citibank NA. The bonds are rated Aa3/A+/A+ across 3-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On November 20, 2023, Loop Capital Markets acted as a co-manager on a $600 million senior unsecured notes offering for Consolidated Edison Company of New York, Inc. The 10-year bond is rated A3/A-/A-.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
