On March 17, 2021, Loop Capital Markets acted as a co-manager on a $350 million SOFR floating rate note and a $350 million fixed rate note for Northwestern Mutual. The bonds are rated Aaa/AA+/AAA and have a 4-year tenor.
Use of proceeds are earmarked for purchasing funding agreement.
On March 16, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $800 million, fixed rate senior bond offering for Deutsche Bank. The 5-year fixed rate senior bond is rated A3/BBB+/BBB+.
Use of proceeds are earmarked for financing eligible green assets.
On March 16, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $750 million, senior unsecured bond offering for Welltower. The 30-year senior unsecured bond is rated Baa1/BBB+/BBB+.
Use of proceeds are earmarked for paying off debt and general corporate purpose.
On March 16, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $1.0 billion, senior unsecured bond offering for Illumina, Inc. The bonds are rated Baa3/BBB across 2- and 10-year tranches.
Use of proceeds are earmarked for funding acquisition.
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.
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.
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.
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.
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.
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.