On September 1, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $2 billion, senior fixed to floating rate & senior floating bond offering for Mizuho Financial Group. The notes are rated A1/A- across 4- and 11-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On August 20, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $125 million, social bond offering for MacArthur Foundation. The 10 year social bond is rated Aaa.
Use of proceeds are earmarked for grantmaking to key non-profits support that are advancing the fight against inequality.
On August 20, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $2.23 billion, fixed rate bond offering for Qualcomm Inc. The notes are rated A-.
Use of proceeds are earmarked for exchanging the new notes for the old tendered notes.
On August 18, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $750 million, senior unsecured bond offering for KKR Group Finance Co. VIII LLC. The 30 year senior unsecured bond is rated A/A.
Use of proceeds are earmarked for financing the company’s acquisition of Global Atlantic Financial Group’’’. Any remaining proceeds will be used for general corporate purposes.
On August 17, 2020, Loop Capital Markets acted as a joint book runner on a one-tranche, $700 million, floating rate bond offering for Duke Energy Progress LLC. The 2-year floating rate bond is rated A2/A-.
Use of proceeds are earmarked for paying down a term loan put in place in 2018/2019.
On August 14, 2020, Duck Creek Technologies, a leading SaaS platform for the Property & Casualty Insurance industry, raised $405 million in an initial public offering by issuing 15 million shares at an offering price of $27.00. Loop Capital Markets served as a co-manager on the initial public offering.
The company intends to use the net proceeds from this offering to redeem outstanding LP units, repurchase a portion of the shares in the company received by the principal stockholder in a reorganization merger, cash settle outstanding equity awards of certain international employees, and for general corporate purposes.
On August 13, 2020, Loop Capital Markets acted as a co-manager on a four-tranche, $1 billion, asset backed securities offering for OneMain Financial Issuance Trust 2020-2.
Use of proceeds are earmarked for funding the purchase price of the initial Loans transferred to the Issuer on the Closing Date and to fund the Reserve Account with the Reserve Account Required Amount.
On August 13, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $575 million, senior unsecured bond offering for Flex Ltd. The notes are rated Baa3/BBB- across 6- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On August 13, 2020, Loop Capital Markets acted as a co-manager on a four-tranche, $5.5 billion, senior unsecured bond offering for Apple. The notes are rated Aa1/AA+ across 5- 10- 30- and 40-year tranches.
Use of proceeds are earmarked for general corporate purposes, including repurchases of the common stock and payment of dividends under the program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of debt.
On August 12, 2020, Loop Capital Markets served as a co-manager on KKR’s offering of $1.15 billion of mandatory convertible preferred stock.
The company intends to use the net proceeds from this offering to fund the acquisition of Global Atlantic Financial Group Limited and pay related costs and expenses.
