On March 3, 2021, Loop Capital Markets acted as a senior co-manager on a $1.1 billion, senior unsecured bond offering for Marriott International, Inc. The 10-year senior unsecured bond is rated Baa3/BBB-.
Use of proceeds are earmarked for general corporate purpose.
On March 3, 2021, Mission Advancement Corp. raised $345 million in an initial public offering by issuing 34.5 million units at an offering price of $10.00 per unit. Each of the 34.5 million units has an offering price of $10.00 and consists of one share of Class A common stock and one-third of one Redeemable Warrant.
Mission Advancement Corp. intends to deposit all the net proceeds from this offering into a trust account. The proceeds will not be released until the earliest to occur of: the completion of an initial business combination, the redemption of the public shares issued in this offering if unable to complete an initial business combination within 24 months from the closing of this offer, and the redemption of any public shares properly submitted in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles of association that would modify the substance and timing of the obligation to redeem 100% of the public shares if Mission Advancement Corp. does not complete an initial business combination within the completion window.
On March 2, 2021, Loop Capital Markets acted as a senior co-manager on a two-tranche, $1.30 billion, senior unsecured sustainability bond offering for Mastercard. The bonds are rated A1/A+ across 10- and 30-year tranches.
Use of proceeds are earmarked for financing or refinancing eligible green and social projects.
On March 2, 2021, Loop Capital Markets acted as a co-dealer manager on a $8.25 billion exchange bond offering. The new notes will be due in 2052 and 2062.
On March 2, 2021, Loop Capital Markets acted as a co-manager on a $500 million, senior unsecured bond offering for Macy’s. The 8-year senior unsecured bond is rated B/BB.
Use of proceeds are earmarked for funding the tender offer and for general corporate purpose.
On March 2, 2021, Loop Capital Markets acted as a co-manager on a $500 million, senior unsecured bond offering for Caterpillar, Inc. The 10-year senior unsecured bond is rated A3/A/A.
Use of proceeds are earmarked for redeeming all of the 2022 Notes.
On March 1, 2021, Loop Capital Markets acted as a co-manager on a three-tranche, $2.0 billion, medium term bond offering for John Deere Capital Corporation. The bonds are rated A2/A/A across 2- 3- and 7-year tranches.
Use of proceeds are earmarked for general corporate purpose.
On March 1, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $4.75 billion, fixed to floating bond offering for Goldman Sachs. The bonds are rated A2/A across 3- and 6-year tranches.
Use of proceeds are earmarked for general corporate purpose.
On March 1, 2021, Loop Capital Markets acted as a co-manager on a $600 million, senior unsecured bond offering for The Estée Lauder Companies. The 10 year senior unsecured bond is rated A1/A+.
Use of proceeds are earmarked for general corporate purpose, including to partially fund the DECIEM acquisition and to refinance 2021 notes.
On March 1, 2021, Loop Capital Markets acted as a co-manager on a four-tranche, $2.25 billion, floating rate & senior unsecured bond offering for Goldman Sachs. The bonds are rated A2/A across 2- 3- and 6-year tranches.
Use of proceeds are earmarked for general corporate purpose.
