On October 28, 2020, Loop Capital Markets acted as a joint lead manager on a one-tranche, $500 million, senior unsecured bond offering for Pershing Square. The 10-year senior unsecured bond is rated BBB+/BBB.
Use of proceeds are earmarked for general corporate purposes.
On October 23, 2020, Loop Capital Markets acted as a joint lead manager on a one-tranche, $2.50 billion, fixed/floating rate senior unsecured social bond offering for Citigroup. The 4-year fixed/floating rate senior social bond is rated A3/BBB+/A.
Use of proceeds are earmarked for financing or refinancing in whole or in part a portion of Citigroup’s portfolio of affordable housing assets.
On October 23, 2020, Piedmont Lithium Limited, an emerging North Carolina lithium company, raised $57.5 million in an initial public offering by issuing 2.3 million ADSs at $25.00. Loop Capital Markets served as a co-manager on the initial public offering.
The company intends to use the net proceeds of the offering to continue development of the Piedmont Lithium Project, including a definitive feasible study, testwork, permitting, further exploration drilling and ongoing land consolidation, and for general corporate purposes.
On October 21, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $1.17 billion, preferred offering for Wells Fargo.
Use of proceeds are earmarked for general corporate purposes.
On October 20, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $500 million, senior unsecured bond offering for Canadian Imperial Bank of Commerce. The 5-year senior unsecured bond is rated A2/BBB+/AA+.
Use of proceeds are earmarked for financing and/or re-financing eligible assets.
On October 16, 2020, Loop Capital Markets acted as a joint lead manager on a one-tranche, $1 billion, fixed/floating rate senior unsecured social bond offering for Morgan Stanley. The 5-year fixed/floating rate senior social bond is rated A2/BBB+/A.
Use of proceeds are earmarked for future affordable housing projects.
On October 8, 2020, Loop Capital Markets acted as a dealer-manager on several debt exchange offers for Verizon.
On October 8, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $4 billion, senior unsecured bond offering for Lowe’s Companies. The bonds are rated Baa1/BBB+ across 8- 10- and 30-year tranches.
Use of proceeds are earmarked for purchasing existing notes and for general corporate purposes.
On October 8, 2020, Loop Capital Markets acted as a co-manager on a six-tranche, $3.90 billion, floating rate bond offering for LYB International Finance III. The bonds are rated Baa2/BBB across 3- 5- 10- 20- 31- and 40-year tranches.
Use of proceeds are earmarked for repaying debt.
On October 6, 2020, Loop Capital Markets acted as a co-manager on a four-tranche, $1.48 billion, asset-backed offering for Toyota Motor Credit Corp. The final scheduled payment date are in the following years: 2021, 2023, 2025, 2026 and 2027.