Loop Capital Markets acts as a co-manager on a $350 million senior unsecured bond offering for Advance Auto Parts

On September 22, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $350 million, senior unsecured bond offering for Advance Auto Parts. The 7 year senior unsecured bond is rated Baa2/BBB-.

Use of proceeds are earmarked for financing a tender offer for Advance’s outstanding 4.500% senior notes.

Loop Capital Markets participates as co-manager on the $574 million initial public offering of Pactiv Evergreen Inc.

On September 17, 2020, Pactiv Evergreen, the largest manufacturer of fresh food and beverage packaging in North America, raised $574 million in an initial public offering by issuing 41 million shares at an offering price of $14.00. Loop Capital Markets served as a co-manager on the initial public offering.

The company intends to use the net proceeds from this offering to repay certain indebtedness.

Loop Capital Markets participates as co-manager on the $250 million initial public offering of special purpose acquisition company (“SPAC”) ACON S2 Acquisition Corp.

On September 17, 2020, ACON Investments’ sustainability-focused SPAC, ACON S2 Acquisition Corp., raised $250 million in an initial public offering by issuing 25.0 million units at an offering price of $10.00 per unit plus  one-third of one Redeemable Warrant. Loop Capital Markets served as a co-manager on the deal.

Loop Capital Markets participates as co-manager on the $3.9 billion initial public offering of Snowflake Inc.

On September 16, 2020, Snowflake raised $3.9 billion in an initial public offering by issuing 32.2 million shares at an offering price of $120.00.  Loop Capital Markets served as a co-manager on the deal.

Snowflake intends to use the net proceeds from this offering for general corporate purposes. The company may also use the net proceeds to acquire complementary businesses, products, services, or technologies or to invest in investment-grade, interest-bearing instruments.

Loop Capital Markets acts as a joint bookrunner on a $1 billion senior unsecured Green bond offering for Verizon Communications

On September 16, 2020, Loop Capital Markets acted as a joint bookrunner on a one-tranche, $1 billion, senior unsecured Green bond offering for Verizon Communications. The 10 year senior unsecured bond is rated Baa1/A-., and represents Verizon’s second Green bond offering.

Use of proceeds are earmarked for eligible green investments.

Loop Capital Markets acts as co-manager on a $750 million junior subordinated bond offering for Southern Company

On September 15, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $750 million, junior subordinated bond offering for Southern Company. The 30 year junior subordinated bond is rated Baa1/A-.

Use of proceeds are earmarked for redeeming previous bonds and repaying a previous term loan. Any remaining net proceeds will be used for other general corporate purposes.

Loop Capital Markets acts as dealer-manager on a $17.70 billion debt exchange offer for AT&T

On September 15, 2020 announced the results of early tenders in its 3 pools of Exchange Offers and priced the New Notes which will be due in 2053. Loop Capital Markets acted as a dealer-manager on the exchange offer.

Loop Capital Markets acts as co-manager on a $300 million floating rate senior bond offering for Southern California Gas

On September 14, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $300 million, floating rate senior bond offering for Southern California Gas. The 3 year floating rate senior bond is rated A2/A+.

Use of proceeds are earmarked for general corporate purposes, including repayment of commercial paper.

Loop Capital Markets participates as co-manager on the $600 million initial public offering of special purpose acquisition company (“SPAC”) TWC Tech Holdings II

On September 11, 2020, TWC Tech Holdings II raised $600 million in an initial public offering by issuing 60 million units at an offering price of $10.00 per unit. Each of the 60 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. Loop Capital Markets served as a co-manager on the deal.

TWC Tech Holdings II 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 the completion window, and the redemption of any public shares properly submitted in connection with a stockholder vote to amend the amended and restated certificate of incorporation to modify the substance and timing of the obligation to redeem 100% of the public shares if TWC Tech Holdings II does not complete an initial business combination within the completion window.

Loop Capital Markets acts as co-manager on a $1 billion senior unsecured bond offering for Duke Energy Corporation

On September 9, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1 billion,senior unsecured bond offering for Duke Energy Corporation. The notes are rated Baa1/BBB+across 5- and 10 year tranches.

Use of proceeds are earmarked for repaying outstanding commercial paper, a term loan due March 2021 and general corporate purposes.