On October 16, 2020, Loop Capital Markets acted as a joint lead manager on a one-tranche, $1 billion, fixed/floating rate senior unsecured social bond offering for Morgan Stanley. The 5-year fixed/floating rate senior social bond is rated A2/BBB+/A.
Use of proceeds are earmarked for future affordable housing projects.
On October 8, 2020, Loop Capital Markets acted as a dealer-manager on several debt exchange offers for Verizon.
On October 8, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $4 billion, senior unsecured bond offering for Lowe’s Companies. The bonds are rated Baa1/BBB+ across 8- 10- and 30-year tranches.
Use of proceeds are earmarked for purchasing existing notes and for general corporate purposes.
On October 8, 2020, Loop Capital Markets acted as a co-manager on a six-tranche, $3.90 billion, floating rate bond offering for LYB International Finance III. The bonds are rated Baa2/BBB across 3- 5- 10- 20- 31- and 40-year tranches.
Use of proceeds are earmarked for repaying debt.
On October 6, 2020, Loop Capital Markets acted as a co-manager on a four-tranche, $1.48 billion, asset-backed offering for Toyota Motor Credit Corp. The final scheduled payment date are in the following years: 2021, 2023, 2025, 2026 and 2027.
On October 5, 2020, Loop Capital Markets acted as a joint book-runner on a one-tranche, $750 million, senior unsecured bond offering for PepsiCo. The 3 year senior unsecured bond is rated A1/A+.
Use of proceeds are earmarked for general corporate purposes, including the repayment of commercial paper.
On October 5, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $500 million, senior unsecured bond offering for John Deere Capital Corporation. The 3-year senior unsecured bond is rated A2/A.
Use of proceeds are earmarked for general corporate purposes.
On October 2, 2020, Atlantic Street Avenue Corp raised $250 million in an initial public offering by issuing 25 million units at an offering price of $10.00 per unit. Each of the 25 million units has an offering price of $10.00 and consists of one share of Class A common stock and one-half of one Redeemable Warrant. Loop Capital Markets served as a co-manager on the deal.
Atlantic Avenue Acquisition Corp 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 stockholder vote to amend the amended and restated certificate of incorporation to modify the substance and timing of the obligation to redeem 100% of the public shares if Atlantic Acquisition Corp does not complete an initial business combination within the completion window.
On October 1, 2020, Lixiang Education Holding Co., Ltd., a Chinese private primary and secondary education service provider, raised $31 million in an initial public offering by issuing 3.3 million ADSs at $9.25. Loop Capital Markets served as a co-manager on the initial public offering.
The company intends to use the net proceeds of the offering to invest in business expansion, including student recruitments and maintenance of facilities, strategic acquisitions, and general corporate purposes.
On October 1, 2020, AEA-Bridges Impact Corp. raised $400 million in an initial public offering by issuing 40 million units at an offering price of $10.00 per unit. Each of the 40 million units has an offering price of $10.00 and consists of one share of Class A common stock and one-half of one Redeemable Warrant. Loop Capital Markets served as a co-manager on the deal.
AEA-Bridges Impact Corp. 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 of the closing of this offer, and the redemption of any public shares properly tendered in connection with a stockholder vote to amend the amended and restated memorandum and articles of association to modify the substance and timing of the obligation to redeem 100% of the public shares if AEA-Bridges Impact Corp. does not complete an initial business combination within the completion window.
