On June 26, 2020, Ebang International, an ASIC chip design company and manufacturer of high-performance Bitcoin mining machines, raised $101 million in an initial public offering by issuing 19.26 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 expansion of overseas businesses and new businesses, development and introduction of new mining machines, corporate branding and marketing activities, and general corporate purposes.

On June 25, 2020, Loop Capital Markets acted as a co-manager on a four-tranche, $2.0 billion, senior unsecured bond offering for Intuit Inc. The notes are rated A3 across 3-, 5-, 7-, and 10-year tranches.

Use of proceeds are earmarked for financing a portion of the costs associated with their potential acquisition of Credit Karma and general corporate purposes

On June 24, 2020, Loop Capital Markets served as a co-manager on T-Mobile’s $18 billion offerings of common stock and cash mandatory exchangeable trust securities.

Net proceeds of the common stock offering will be used for share repurchase purposes, while net proceeds of the cash mandatory exchangeable trust offering will be used to purchase a portfolio of certain series of U.S. Treasury securities.

On June 23, 2020, Loop Capital Markets acted as a co-manager on a four-tranche, €4.5 billion, senior unsecured bond offering for Exxon Mobil Corporation. The notes are rated Aa1 across 4-, 8-, 12-, and 19-year tranches.

Use of proceeds are earmarked for general corporate purposes, including, but not limited to, refinancing a portion of our existing commercial paper borrowings, funding for working capital, acquisitions, capital expenditures and other business opportunities.

On June 23, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1.1 billion, senior unsecured bond offering for Niagara Mohawk Power Corporation. The notes are rated A3 across 10- and 20-year tranches.

Use of proceeds are earmarked for general corporate purposes.

On June 17, 2020, Loop Capital Markets acted as a joint book-running manager on a one-tranche, $850 million, senior unsecured offering for Air Lease Corporation. The 5-year senior unsecured bond is rated BBB-.

Use of proceeds are earmarked for general corporate purposes.

On June 17, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $1.0 billion, senior unsecured bond offering for Barclays Capital Inc. The 11-year note is rated Baa2/A-.

Use of proceeds are earmarked for general corporate purposes of the issuer and units and/or for the Group, and to strengthen the capital base of the issuer and units and/or the group.

On June 17, 2020, the State of Ohio (the “State”), through the Ohio Public Facilities Commission (“OPFC”), sold its $780.010 million General Obligation Refunding Bonds consisting of $492.195 million General Obligation Refunding Bonds, Series 2020A (Federally Taxable) and $287.815 million General Obligation Refunding Bonds, Series 2020B (Tax-Exempt) (the “Bonds”). This was OPFC’s first negotiated transaction since 2011 and the largest financing for the State with an MBE as senior manager.

The Bonds were rated Aa1 (Stable) / AA+ (Stable) / AA+ (Stable) by Moody’s, S&P and Fitch, respectively. Bond proceeds were used to achieve refunding savings to lower interest costs and re-amortize a portion of the State’s FY 2021 principal payments. In aggregate, the State was able to achieve more than $363 million of cash flow savings in Fiscal Year 2021 to help balance their budget for the next fiscal year. In addition, the State achieved over $107 million in Net Present Value Savings or 13.7% of the refunded par amount with an All-In True Interest Cost of 1.54%. In support of the transaction, the Firm underwrote approximately $30 million of unsold balances to complete the transaction.

On June 17, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $2.0 billion, senior unsecured bond offering for General Motors Financial Company, Inc. The notes are rated Baa3/BBB- across 5- and 10-year tranches.

Use of proceeds are earmarked for general corporate purposes.

On June 16, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $750 million, senior unsecured bond offering for Carrier Global Corporation. The 11-year note is rated Baa3/BBB-.

Use of proceeds are earmarked for general corporate purposes.