On April 19, 2022, Loop Capital Markets was mandated as an active joint-bookrunner on a three-tranche, $1.7 billion senior unsecured fixed/floating rate notes offering for The Bank of New York Mellon Corporation. The bonds are rated A1 /A/AA- across 3- and 7-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On April 18, 2022, Loop Capital Markets served as a senior co-manager on a three-tranche $6.8 billion senior unsecured redeemable fixed/floating rate medium-term notes (Series U) offering for Wells Fargo & Company. The bonds are rated A1/BBB+/A across 4- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On April 18, 2022, Loop Capital Markets served as a co-manager on a two-tranche $2.5 billion senior unsecured global medium-term notes (Series I) offering for Morgan Stanley. The bonds are rated A1/BBB+/A across 3-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On April 12, 2022, Loop Capital Markets served as a co-manager on a $600 million senior unsecured Sustainability notes offering for John Deere Capital Corporation. The 7-year bond is rated A2/A/A.
Use of proceeds are earmarked for General corporate purposes including the interest rate payable on the (April 18, 2026) notes shall be increased by 25 basis points (25bp Step Up) from the Initial Interest Rate of 3.350% to 3.600% per year unless John Deere Capital Corporation has achieved the Sustainability Performance. Failure to achieve Sustainability Performance Target of reducing Scope 1 & 2 Greenhouse Gas Emissions equal to a minimum of 20% (vs FY 2021 baseline) by Performance Reference Date (10/31/25).
On April 11, 2022, Loop Capital Markets was mandated as an active co-manager on a 7-tranche $12.8 billion senior unsecured notes offering for Amazon.com, Inc. The bonds are rated A1/AA- across 2-, 3-, 5-, 7-, 10-, 30- and 40-year tranches.
Use of proceeds are earmarked for general corporate purposes, which may include, but are not limited to, repayment of debt, acquisitions, investments, working capital, investments in our subsidiaries, capital expenditures, and repurchases of outstanding shares of common stock.
Loop Capital Markets served as joint bookrunner for a $500 million taxable financing for Harvard University on April 11th. The financing was a direct issuance of Harvard using a corporate CUSIP. The bonds were structured as a 30 year bullet, rated Aaa/AAA by Moody’s and S&P, respectively, and were priced at a spread to the 30 year Treasury plus 90 bps for a yield of 3.745%. The offering was completed in a day starting with an Indications of Interest (IOI) period in the morning with a spread of plus 105 and going directly to a launch with a spread tightening of 15 basis points to plus 90 bypassing the typical price guidance phase.
The transaction received strong subscription levels with three orders generated by Loop Capital which were from one of the largest global asset managers, an insurance company, and a hedge fund. This financing was the first component of a two-part financing from Harvard including a 10-year tax-exempt Green Bond to be issued by the University through the Massachusetts Development Finance Agency which is expected to price in early May 2022.
On April 5, 2022, Loop Capital Markets served as a co-manager on a $400 million high yield senior unsecured notes offering for Hess Midstream L.P. The 8-year bond is rated Ba2/BB+/BB+.
Use of proceeds are earmarked to repay borrowings under the Company’s revolving credit facility which was used to finance the previously announced repurchase of 13.5 million Class B units from affiliates of Hess Corporation and Global Infrastructure Partners.
On April 4, 2022, Loop Capital Markets served as a co-manager on a three-tranche $2.5 billion senior unsecured notes offering for General Motors Financial Company. The bonds are rated Baa3/BBB/BBB-across 3- and 7-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On March 31, 2022, Loop Capital Markets served as a co-manager on a $302 million follow-on stock offering for Hess Midstream L.P.
Use of proceeds are earmarked for the selling shareholders to receive all the net proceeds from this offering and Hess Midstream L.P. will not receive any proceeds from the sale of shares of common stock in this offering
On March 31, 2022, Loop Capital Markets served as a co-manager on a $400 million senior unsecured bond offering for PACCAR Financial Corp. The 3-year bond is rated A1/A+.
Use of proceeds are earmarked for general corporate purposes.
