On May 18, 2021, Loop Capital Markets acted as a co-manager on a two-tranche $2.80 billion bond offering for Charter Communications Operating LLC. The bonds are rated Ba1/BBB- across 31- and 40-year tranches.
Use of proceeds are earmarked for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter and common units of Charter Holdings, to repay certain indebtedness, and to pay related fees and expenses.
On May 18, 2021, Loop Capital Markets acted as an active co-manager on a three class, $1.7 billion ABS offering for Verizon Communications, Inc. This was the inaugural use of VZ’s SEC registered ABS Master Trust. The Class A notes are rated AAA(sf)/Aaa(sf)/AAA(sf), Class B rated AA(sf)/Aa1(sf)/AA+(sf), and Class C rated A(sf)/A1(sf)/A+(sf) across 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 May 17, 2021, Loop Capital Markets acted as a co-manager on a 3-tranche $2.50 billion senior unsecured bond offering for Union Pacific Corporation. The bonds are rated Baa1/A- across 10-, 20-, 40-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On May 17, 2021, Loop Capital Markets acted as a co-manager on a 2-tranche, $5 billion fixed/floating rate senior unsecured bond offering for HSBC Holdings plc. The bonds are rated Aa2/A- across 4- and 11-year tranches.
Use of proceeds are earmarked for general corporate purposes to maintain or strengthen the capital base.
On May 17, 2021, Loop Capital Markets acted as a co-manager on a $500 million funding agreement-backed bond offering for Brighthouse Financial Global Funding. The 5-year bond is rated A3/A+.
Use of proceeds are earmarked to purchase the Relevant Funding Agreement from BLIC for general corporate purposes.
On May 17, 2021, Loop Capital Markets acted as a joint bookrunner on a $1.20 billion senior unsecured bond offering for Air Lease Corporation. The 5-year bond is rated BBB/BBB.
Use of proceeds are earmarked for general corporate purposes.
On May 17, 2021, Loop Capital Markets acted as a co-manager on a $500 million senior unsecured bond offering for IDEX Corporation. The 10-year bond is rated Baa1/BBB.
Use of proceeds are earmarked for general corporate purposes.
On May 13, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $750 million senior unsecured bond offering for Vornado Realty Trust. The bonds are rated Baa2/BBB-/BBB across a 5- and 10-year tranches.
Use of proceeds are earmarked for recently completed and future Eligible Green Projects.
On May 12, 2021, Loop Capital Markets acted as a joint-lead manager on a 4-year, $1 billion, senior redeemable fixed to floating rate Inclusive Communities and Climate Bond offering for Wells Fargo & Company. The bonds are rated A2/BBB+/A+.
Use of proceeds are earmarked for financing or refinancing Inclusive Communities and Climate Projects, however, there is no contractual obligation to do so.
On May 11, 2021, Loop Capital Markets acted as a co-manager on an 8-year, €300 million, senior unsecured bond offering for Kellogg Company. The bonds are rated Baa2/BBB.
Use of proceeds are earmarked for general corporate purposes and to finance or refinance, in whole or in part, one or more eligible sustainable projects.
