On January 29, 2021, Qualtrics raised $1.8 billion in an initial public offering by issuing 59.45 million shares at an offering price of $30.00. Loop Capital Markets served as a co-manager on the deal.
Qualtrics intends to use the net proceeds from this offering to repay intercompany indebtedness that will be owed to SAP America and the remainder for general corporate purposes.
On January 28, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $400 million, medium-term bond offering for PACCAR. The 3-year medium-term bond is rated A1/A+.
Use of proceeds are earmarked for general corporate purpose.
On January 26, 2021, D and Z Media Acquisition Corp. raised $287.5 million in an initial public offering by issuing 27.5 million units at an offering price of $10.00 per unit. Each of the 28.75 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 Chairman and Chief Executive Officer, Jim Reynolds, serves as a member of D and Z Media’s advisory board.
D and Z Media 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 24 months from the closing of this offer, and the redemption of any public shares properly submitted in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles of association that would modify the substance and timing of the obligation to redeem 100% of the public shares if D and Z Media does not complete an initial business combination within the completion window.
On January 21, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $915 million, preferred offering for Bank of America.
Use of proceeds are earmarked for general corporate purposes, including, but not limited to, the redemption of outstanding preferred stock.
On January 21, 2021, Loop Capital Markets acted as a joint-lead manager on a one-tranche, $2.50 billion, fixed-to-floating bond offering for Citigroup. The 6-year senior fixed-to-floating bond is rated A3/BBB+/A.
Use of proceeds are earmarked for general corporate purpose.
On January 21, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $500 million, senior bond offering for Antares Holdings. The 5-year senior unsecured bond is rated BBB-/BBB.
Use of proceeds are earmarked for repaying debt and general business purpose.
On January 21, 2021, Loop Capital Markets acted as a co-manager on a two-tranche, $1.20 billion, senior unsecured bond offering for Bank of New York Mellon. The bonds are rated A1/A across 5- and 10 year tranches.
Use of proceeds are earmarked for general corporate purposes.
On January 20, 2021, Loop Capital Markets acted as a joint-lead manager on a one-tranche, $3 billion, fixed-to-floating bond offering for Morgan Stanley. The 3-year fixed-to-floating bond is rated A2/BBB+/A.
Use of proceeds are earmarked for general corporate purpose.
On January 20, 2021, Loop Capital Markets acted as a co-manager on a one-tranche, $3.50 billion, preferred offering for Wells Fargo.
Use of proceeds are earmarked for general corporate purposes, including, but not limited to, the redemption of some or all of outstanding preferred stock.
On January 19, 2021, Loop Capital Markets acted as a joint-bookrunner on a one-tranche, $750 million, senior unsecured bond offering for Air Lease. The 3-year senior unsecured bond is rated BBB/BBB.
Use of proceeds are earmarked for general corporate purpose.
