On September 9, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1.75 billion, medium-term bond offering for Caterpillar Financial Services. The notes are rated A3/A across 3- and 7 year tranches.
Use of proceeds are earmarked for general corporate purposes.
On September 9, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $1 billion, fixed-floating rate bond offering for JPMorgan & Chase. The 7-year senior unsecured bond is rated A3/A+.
Use of proceeds are earmarked for funding eligible green projects.
On September 8, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $675 million, first mortgage bond offering for Entergy Arkansas. The 31 year first mortgage bond is rated A2/A.
Use of proceeds are earmarked for refinancing and general corporate purposes.
On September 8, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $600 million, senior unsecured bond offering for Kimberly-Clark Corporation. The 7 year senior unsecured bond is rated A2/A.
Use of proceeds are earmarked for the acquisition of Softex Indonesia
On September 2, 2020, the Columbus City School District (the “District”), sold its $36.645 million Various Purpose Taxable Refunding Bonds, Series 2020 (General Obligation – Unlimited Tax). The Bonds were rated Aa2 (Stable) / AA (Stable) by Moody’s and S&P, respectively. Bond proceeds were used to advance refund a portion of the District’s outstanding Series 2012, 2014 and 2014A General Obligation Bonds and to pay costs of issuance for the Bonds. The transaction had an overall subscription of 3.5x and due to strong investor interest, the Firm was able to tighten spreads up to seven basis points along the yield curve. The refunding generated the District $3.678 million of Net Present Value Savings or 7.784% of the refunded par amount.
On September 1, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $2 billion, senior fixed to floating rate & senior floating bond offering for Mizuho Financial Group. The notes are rated A1/A- across 4- and 11-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On August 20, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $125 million, social bond offering for MacArthur Foundation. The 10 year social bond is rated Aaa.
Use of proceeds are earmarked for grantmaking to key non-profits support that are advancing the fight against inequality.
On August 20, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $2.23 billion, fixed rate bond offering for Qualcomm Inc. The notes are rated A-.
Use of proceeds are earmarked for exchanging the new notes for the old tendered notes.
On August 18, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $750 million, senior unsecured bond offering for KKR Group Finance Co. VIII LLC. The 30 year senior unsecured bond is rated A/A.
Use of proceeds are earmarked for financing the company’s acquisition of Global Atlantic Financial Group’’’. Any remaining proceeds will be used for general corporate purposes.
On August 17, 2020, Loop Capital Markets acted as a joint book runner on a one-tranche, $700 million, floating rate bond offering for Duke Energy Progress LLC. The 2-year floating rate bond is rated A2/A-.
Use of proceeds are earmarked for paying down a term loan put in place in 2018/2019.
