On January 31, 2022, Loop Capital Markets acted as a co-manager on a $300 million senior unsecured medium-term, Series Q notes offering for PACCAR Financial Corp. The 5-year bond is rated A1/A+.
Use of proceeds are earmarked for general corporate purposes.
On January 27, 2022, Loop Capital Markets served as a co-manager on a $500 million senior secured notes offering for Embecta Corp. The 8-year bond is rated B3/B+.
Use of proceeds are earmarked to finance the spin-off of Embecta from Becton, Dickinson and Company (“BD”), including payment of a cash distribution to BD, as well as related transaction fees and expenses, working capital, and general corporate purposes.
On January 21, 2022, Loop Capital Markets acted as a co-manager on a $550 million senior unsecured notes offering for Antares Holdings LP. The 5-year bond is rated BBB-/BBB(H).
Use of proceeds are earmarked for general corporate purposes including the repayment of any borrowings under the credit facilities.
On January 20, 2022, Loop Capital Markets mandates as an active co-manager on a three tranche $1.6 billion ABS offering for Verizon Communications, Inc. This was the inaugural use of VZ’s SEC registered ABS Master Trust. The VZMT 2022-1 Class A notes are rated Aaa(sf)/AAA(sf), 2022-2 Class A rated Aaa(sf)/AAA(sf), and 2022-2 Class B rated Aa2(sf)/AA+(sf) across 5- and 6-year tranches.
Use of proceeds are earmarked for general corporate purposes, to acquire Device Payment Plan Agreements from the originators and the additional transferor, to make the initial deposit in the reserve account, to redeem other credit extensions, and to make payments of principal on any other credit extensions.
On January 19, 2022, Loop Capital Markets mandated as a joint-lead manager on a $2.3 billion senior unsecured global medium-term bond offering for Morgan Stanley. The 6-year bond is rated A1/BBB+/A.
Use of proceeds are earmarked for general corporate purposes.
On January 19, 2022, Loop Capital Markets acted as a co-manager on a two tranche $2 billion senior unsecured notes offering for Target Corporation. The bonds are rated A2/A across 5-and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On January 19, 2022, Loop Capital Markets served as a co-manager on a $346 million follow-on stock offering (including the green shoe) for Enviva Inc.
Use of proceeds are earmarked for general corporate purposes, including a portion of Enviva’s capital expenditures related to ongoing development projects, and the temporary repayment of debt.
On January 18, 2022, Loop Capital Markets served as a senior co-manager on a two-tranche $2.5 billion senior unsecured social notes offering for Citigroup Inc. The bonds are rated A3/BBB+/A across 4-year tranches.
Use of proceeds will be allocated exclusively to finance or refinance a portion of Citigroup’s portfolio of affordable housing assets as described in Citigroup’s Social Bond Framework. This portfolio consists of selected eligible financing instruments primarily intended to finance the construction, rehabilitation, and/or the preservation of quality affordable housing for low- and moderate-income populations in the United States.
On January 13, 2022, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured bond offering for Ares Finance Co. IV LLC. The 30-year bond is rated BBB+/A-.
Use of proceeds are earmarked for general corporate purposes including debt repayment and to fund growth initiatives.
On January 12, 2022, Loop Capital Markets acted as a co-manager on a two tranche $2.5 billion senior unsecured floating rate and senior FMB offering for Florida Power and Light Company. The bonds are rated A1/A/A+ across 2-, 10-year tranches.
Use of proceeds are earmarked for general corporate purposes.
