On July 14, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1.75 billion, senior unsecured bond offering for Hewlett-Packard Enterprise. The notes are rated Baa2/BBB+ across 4- and 6-year tranches.
Use of proceeds are earmarked for funding the redemption of the $3.0 billion aggregate outstanding principal amount of the 3.600% senior notes due 2020.
On July 13, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1.50 billion, senior unsecured bond offering for Freeport-McMoRan Inc. The notes are rated Ba1/BB+ across 8- and 10-year tranches.
Use of proceeds are earmarked for funding the purchase of the tender offer notes and related expenses. Any net proceeds not used for the tender offers will be used for general corporate purposes.
On July 8, 2020, BlueCity, a Chinese social and entertainment LGBTQ platform, raised $85 million in an initial public offering by issuing 2.65 million Class A ordinary shares. Loop Capital Markets served as a joint bookrunner on the initial public offering.
The company intends to use the net proceeds of the offering for geographic expansion, investment in technology and development, and general corporate purposes.
On July 6, 2020, Loop Capital Markets acted as a co-manager on a $1.5 billion, senior unsecured bond offering for Charter Communications Holdings. The 11 year note is rated B1.
Use of proceeds are earmarked for general corporate purposes, including potential buyback of common stock or common units of Charter Communications.
On July 6, 2020, Loop Capital Markets acted as a co-manager on a $1.25 billion, senior unsecured bond offering for American Honda Financial Corp. The 3 year note is rated A3.
Use of proceeds are earmarked for general corporate purposes.
On July 6, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $2.5 billion, floating rate, senior unsecured bond offering for Mizuho Financial Group The notes are rated A1 across 4- and 11-year tranches.
This represented the first time that a Japanese bank has included MWDVE firms in an offering.
On July 6, 2020, Loop Capital Markets acted as a senior co-manager on a $600 million, senior unsecured bond offering for Jabil Inc. The 11 year note is rated Baa3/BBB-.
Use of proceeds are earmarked for general corporate purposes, including to redeem $400.0 million aggregate principal amount of outstanding 5.625% Senior Notes due 2020 and pay any applicable “make-whole” premium with respect thereto.
On July 1, 2020, Dun & Bradstreet raised $2 billion in an initial public offering by issuing 90 million shares at an offering price of $22.00. Loop Capital Markets served as a co-manager on the deal.
The company intends to use the net proceeds from this offering to redeem preferred stock issued in connection with being taken private in 2019 and to repay indebtedness.
On June 26, 2020, Loop Capital Markets served as a co-manager on PG&E’s offerings of $5.5 billion of common stock and equity units.
The company intends to use the net proceeds of the concurrent offerings for its Chapter 11 Plan of Reorganization.
On June 26, 2020, Albertsons raised $800 million in an initial public offering by issuing 50 million shares at an offering price of $16.00. Loop Capital Markets served as a co-manager on the deal.
The selling stockholders comprised all of the shares of common stock in this offering, and Albertsons will not receive any proceeds from the sale of the shares.
