Loop Capital Markets acts as co-manager on a $2.50 billion senior unsecured & floating rate bond offering for NextEra Energy Capital Holdings

On March 15, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $2.50 billion, senior unsecured & floating rate bond offering for NextEra Energy Capital Holdings. The bonds are rated Baa1/BBB+/a- across 3-year tranches.

Use of proceeds are earmarked for general corporate purpose.

Loop Capital Markets acts as co-manager on a $900 million senior unsecured bond offering for Northwestern Mutual

On March 15, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $900 million, senior unsecured bond offering for Northwestern Mutual. The 30-year senior unsecured bond is rated Aa2/AA-/AA.

Use of proceeds are earmarked for general corporate purpose.

Loop Capital Markets acts as co-manager on a €2.75 billion senior unsecured bond offering for Verizon Communications

On March 15, 2021, Loop Capital Markets acted as a co-manager on a three-tranche, €2.75 billion, senior unsecured bond offering for Verizon Communications. The bonds are rated Baa1/BBB+/A- across 8- 12- and 14-year tranches.

Use of proceeds are earmarked for general corporate purpose.

Loop Capital Markets acts as co-manager on a $800 million senior unsecured bond offering for Tampa Electric Company

On March 15, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $800 million, senior unsecured bond offering for Tampa Electric Company. The bonds are rated A3/BBB+/A across 10- and 30-year tranches.

Use of proceeds are earmarked for general corporate purpose.

Loop Capital Markets participates as co-manager on the $131 million initial public offering of JOANN Inc.

On March 12, 2021, JOANN raised $131 million in an initial public offering by issuing 10.94 million shares at an offering price of $12.00.  Loop Capital Markets served as a co-manager on the deal.

JOANN intends to use the net proceeds from this offering to pay down outstanding borrowings on its credit facilities.

Loop Capital Markets participates as co-manager on Hess Midstream’s $145 million common stock offering

On March 11, 2021, Loop Capital Markets served as a co-manager on Hess Midstream’s offering of $145 million of common stock. The selling shareholders sold all the common stock being issued in this offering. Accordingly, Hess Midstream did not receive any proceeds from the sale of common stock in this offering.

Loop Capital Markets serves as Senior Manager for the New York City Municipal Water Finance Authority’s (“NYW”) $574.8 million Second Resolution Revenue Bonds, Fiscal 2021 Series DD

The New York City Municipal Water Finance Authority (“NYW”) priced $574.8 million of Second Resolution Revenue Bonds, Fiscal 2021 Series DD refunding bonds on Wednesday, March 10, 2021 with Loop Capital Markets serving as senior manager.  The bond sale period comprised of a one-day retail order period (“ROP”) on Tuesday, March 9 and an institutional order period (“IOP”) on Wednesday, March 10. The transaction was priced during volatile market conditions with the 10-year MMD having increased by 42 bps from February 10 (year-to-date low) to March 8 and was the second largest transaction for the week.

The ROP generated a record high of $990.4 million in orders for NYW, of which Loop Capital Markets submitted $958.3 million. This was a record for NYW.  After the ROP, several maturities were closed and $207.5 million was offered for the IOP. The IOP generated $3.5 billion in priority orders across a wide range of account types, including mutual funds, bank portfolios, money managers, insurance companies, and arbitrage accounts. The Firm employed a unique pricing strategy in which it held back $15 million of the 2025 maturity and $20 million of the 2029 maturity during the ROP, so that portions of those maturities sold during the ROP could also be repriced in the IOP. Final yields were reduced from the ROP by 10 to 17 bps and the Firm was able to achieve the tightest spreads for NYW. After the final repricing, NYW received $3.8 billion in orders from a broad investor base with the transaction being more than 6.7x oversubscribed. The refunding generated $185.1 million, or 25.8% PV savings, $203.3 million of cashflow savings, and a TIC of 1.21% for NYW.

Loop Capital Markets acts as co-manager on a $25 billion senior unsecured bond offering for Verizon

On March 10, 2021, Loop Capital Markets acted as a co-manager on a nine-tranche, $25 billion senior unsecured bond offering for Verizon. The bonds are rated Baa1/BBB+/A- across 3- 5- 7- 10- 20- 30- 40-year tranches.

Use of proceeds are earmarked for general corporate purpose which may include the completion of previously announced acquisitions, the acquisition of spectrum licenses and, depending on market and other conditions, the repayment of outstanding indebtedness.

Loop Capital Markets participates as co-manager on SJW Group’s $61 million common stock offering

On March 9, 2021, Loop Capital Markets served as a co-manager on SJW Group’s offering of $61 million of common stock. SJW Group intends to use the net proceeds from this offering to repay indebtedness and for general corporate purposes.

Loop Capital Markets acts as co-manager on a $1 billion senior unsecured bond offering for AmFam Holdings, Inc.

On March 8, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $1 billion, senior unsecured bond offering for AmFam Holdings, Inc. The bonds are rated Baa1/BBB across 10- and 30-year tranches.

Use of proceeds are earmarked for repaying debt.