On December 15, 2020, Wish, a San Francisco-based e-commerce platform company, raised $1.1 billion by issuing 46 million shares at an offering price of $24.00. Loop Capital Markets served as a co-manager on the offering.
The company intends to use the net proceeds from this offering for working capital, operating expenses, sales and marketing expenses to fund the growth of the business, and capital expenditures.
On December 9, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $1.90 billion, senior secured bond offering for Nasdaq. The bonds are rated Baa2/BBB across 2- 11- and 20-year tranches.
Use of proceeds are earmarked to fund the cash consideration for the Verafin acquisition, to repay outstanding debt and for general corporate purposes.
On December 9, 2020, Airbnb’s initial public offering, the biggest by a U.S. operating company in 2020, raised $3.8 billion by issuing 56.3 million shares at an offering price of $68.00. Loop Capital Markets served as a co-manager on the offering.
The company intends to use the net proceeds from this offering for general corporate purposes, working capital support, investment in securities and strategic acquisitions.
On December 7, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $2 billion, senior unsecured bond offering for CVS Health Corporation. The bonds are rated Baa2/BBB across 7- and 11 year tranches.
Use of proceeds are earmarked for the purchase of the Company’s tender offer notes.
On December 7, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1.10 billion, senior bank bond offering for KeyBank. The bonds are rated A3/A-/A- across the 4 year tranche.
Use of proceeds are earmarked for general corporate purposes.
On December 7, 2020, AT&T announced the results of early tenders in its 2 pools of exchange offers and priced the new notes which will be due in 2033 and 2057. Loop Capital Markets acted as a dealer-manager on the exchange offer,
On December 4, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $2.50 billion, fixed-to-floating bond offering for Goldman Sachs Group. The bonds are rated A3/BBB+/A across the 6-year tranche.
Use of proceeds are earmarked for general corporate purposes.
On December 2, 2020, Loop Capital Markets served as a co-manager on FuelCell Energy’s $258 million common stock offering. The company intends to use the net proceeds to repay indebtedness.
On December 2, 2020, Loop Capital Markets served as a co-manager on ZoomInfo Technologies’ offering of $647 million of common stock. The selling stockholders will receive all of the net proceeds from the sale of shares in this common stock offering.
On November 19, 2020, Loop Capital Markets acted as a joint bookrunner on a two-tranche, $1.20 billion, senior unsecured bond offering for Allstate Corporation. The bonds are rated A3/A-/BBB+ across 5- and 10 year tranches.
Use of proceeds are earmarked for purchasing National General Holdings Corp and general corporate purposes.
