On February 9, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, €600 million, senior unsecured bond offering for Becton Dickinson. The 15-year senior unsecured bond is rated Baa3/BBB/BBB-.
Use of proceeds are earmarked for repaying the $600 million 0.174% Euro Notes.
On February 9, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $1 billion, fixed to floating bond offering for JPMorgan Chase & Co. The 4-year fixed to floating bond is rated A2/A.
Use of proceeds are earmarked for funding eligible social projects.
On February 8, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $1 billion, senior unsecured bond offering for Becton Dickinson. The 10-year senior unsecured bond is rated Baa3/BBB/BBB-.
Use of proceeds are earmarked for repaying the entire $1.0 billion aggregate principal amount outstanding of the 3.125% Notes due 2021.
On February 3, 2021, the Washington Health Care Facilities Authority (the “Authority”) and Seattle Care Cancer Alliance (“SCCA”) sold its $37.605 million Revenue Bonds, Series 2021 with Loop Capital Markets serving as private placement agent. The Bonds were rated A2 / A+ by Moody’s and Fitch, respectively. Bond proceeds were used to (i) finance, refinance or reimburse a portion of the costs of acquisition, construction, remodeling renovating and equipping of certain health care facilities owned and operated by SCCA, including reimbursing SCCA for a portion of the costs, (ii) redeem all the outstanding the Public Finance Authority’s $36.650 million Taxable Revenue Bonds, Series 2018A (Seattle Proton Center, LLC) and (iii) pay costs of issuance related to the Bonds.
Loop Capital Markets developed a marketing plan catered to SCCA, targeting 35 investors consisting of purchasers of the Series 2018A bonds and top holders of Seattle Cancer Care Alliance’s debt. All nine investors who submitted orders received allotments. Due to strong investor interest, the Firm was able to tighten spreads between 3 and 10 basis points along the curve between pre-pricing and final pricing. The Authority and SCCA achieved an All-In TIC of 2.843% with Net Present Value Savings of $11.813 million.
On February 2, 2021, Loop Capital Markets acted as a co-manager on a three-tranche, $9.825 billion, senior bond offering for Boeing. The bonds are rated Baa2/BBB- across 2- 3- and 5-year tranches.
Use of proceeds are earmarked for repaying borrowings.
On February 1, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, €550 million, senior bond offering for TE Connectivity. The 8 year senior bond is rated Baa1/A-/A-.
Use of proceeds are earmarked for general corporate purpose.
On February 1, 2021, Loop Capital Markets acted as a co-manager on a four-tranche, $5.5 billion, senior unsecured bond offering for Altria. The bonds are rated A3/BBB/BBB across 11- 20- 30- and 41-year tranches.
Use of proceeds are earmarked for funding concurrent tender offer and general corporate purpose.
On February 1, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $700 million, senior bond offering for GATX. The bonds are rated Baa2/BBB across 10- and 30-year tranches.
Use of proceeds are earmarked for redeeming or repaying some, or all of their outstanding senior notes.
On January 29, 2021, Loop Capital Markets served as a co-manager on Duck Creek Technologies’ offering of $414 million of common stock. Duck Creek Technologies will not receive any proceeds from the sale of shares being sold in this offering by the selling stockholders. The company intends to use its share of the net proceeds for general corporate purposes.
On January 29, 2021, Qualtrics raised $1.8 billion in an initial public offering by issuing 59.45 million shares at an offering price of $30.00. Loop Capital Markets served as a co-manager on the deal.
Qualtrics intends to use the net proceeds from this offering to repay intercompany indebtedness that will be owed to SAP America and the remainder for general corporate purposes.
