On March 2, 2022, Loop Capital Markets served as a co-manager on a three-tranche $1.5 billion senior unsecured notes offering for Progressive Corporation. The bonds are rated A2/A across 5-, 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On March 1, 2022, Loop Capital Markets served as a co-manager on a two-tranche $1.2 billion first and refunding mortgage Sustainability Bond offering for Duke Energy Carolinas, LLC. The bonds are rated AA3/A across 10- and 30-year tranches.
Use of proceeds are earmarked to finance or refinance, existing or new Eligible Projects in the United States. Eligible Projects include disbursements made in the two years prior to the issue date of the Sustainability Bonds, or any time following the issue date of the Sustainability Bonds until March 15, 2025.
On March 1, 2022, Loop Capital Markets acted as a co-manager on a $750 million senior unsecured bond offering for CME Group Inc. The 10-year bond is rated AA3/AA-.
Use of proceeds are earmarked to redeem, repurchase or otherwise retire prior to maturity outstanding notes due 2022 and for general corporate purposes.
On February 23, 2022, Loop Capital Markets served as a co-manager on a $700 million senior unsecured bond offering for AutoNation, Inc. The 10-year bond is rated Baa3/BBB-.
Use of proceeds are earmarked for general corporate purposes which may include reducing borrowings under AutoNation’s commercial paper program, reducing the revolving credit facility under the company’s credit agreement, and potential share repurchases, strategic initiatives, and acquisitions.
On February 23, 2022, Loop Capital Markets acted as a co-manager on a $3.5 billion, senior unsecured bond offering for Wells Fargo and Company. The 11-year bond is rated A1/BBB+.
Use of proceeds are earmarked for general corporate purposes.
On February 23, 2022, Loop Capital Markets acted as a co-manager on a $750 million, senior unsecured bond offering for ADM. The 10-year bond is rated A2/A.
Use of proceeds are earmarked to finance or refinance, one or more new or existing eligible Green and Social Projects. Eligible Green Projects are investments and expenditures made by the company or any of their subsidiaries that contribute to environmental objectives such as: sustainable aquaculture and animal husbandry, sustainable agriculture, green buildings, energy efficiency, renewable energy, clean transportation, water and waste management, and pollution prevention and control.
On February 22, 2022, Loop Capital Markets acted as a co-manager on a $500 million, senior unsecured bond offering for Moody’s Corporation. The 30-year bond is rated BBB+/BBB+.
Use of proceeds are earmarked for general corporate purposes which may include repurchases of common stock.
On February 16, 2022, Loop Capital Markets was mandated as a joint-bookrunner on a $1 billion senior unsecured green bond offering for Verizon Communications, Inc. The 30-year bond is rated Baa1/BBB+/A-, marking the third time Verizon has utilized D&I firms as active bookrunners, sharing equal responsibility in bringing this successful Green bond issuance to market. This further supports the company’s commitment to advancing racial and social equity in the capital markets by partnering with women- and minority-owned firms. Verizon has become one of the leading corporate buyers of renewable energy in the U.S., by entering into 20 virtual power purchase agreements (VPPAs) also known as renewable energy purchase agreements (REPAs), for approximately 2.6 gigawatts of renewable energy capacity. The company’s investment commitments now total $4 billion to support the U.N. Sustainable Development Goals of sourcing or generating renewable energy of up to 50% of the company’s total annual electricity consumption by 2025 and net-zero in operational emissions by 2035.
Use of proceeds are earmarked to finance or refinance in whole or in part Eligible Green Investments. 100% of those investments will be allocated to renewable energy as Verizon continues to enter into long-term VPPAs which support the construction of solar and wind power facilities.
For more details, visit Verizon.com.
On February 16, 2022, Loop Capital Markets acted as a co-manager on a three-tranche $1.9 billion senior callable fixed/floating rate reset notes offering, with a Green bond tranche, for Mizuho Financial Group, Inc. The bonds are rated A1/A- across 4- and 8-year tranches.
Use of proceeds are earmarked to make a loan that is intended to qualify as Internal Total Loss-Absorbing Capacity (TLAC) under the Japanese TLAC standards to Mizuho Bank. Mizuho Bank will utilize such funds in connection with the Green bonds, to finance or refinance existing or new Eligible Green Projects.
On February 16, 2022, Loop Capital Markets mandated as a joint-lead manager on $2.6 billion senior unsecured fixed/floating rate notes offering for Morgan Stanley. The 4-year bond is rated A1/BBB+/A.
Use of proceeds are earmarked for general corporate purposes. Loop Capital Markets and 5 additional diverse-owned firms participated as joint-bookrunners.
