On April 13, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1.1 billion, senior unsecured bond offering for Essential Utilities. The notes are rated Baa2/BBB- across 10- and 30-year tranches.
Use of proceeds are earmarked for refinancing existing debt and general corporate purposes.
On April 13, 2020, Loop Capital Markets acted as a co-manager on a five-tranche, $9.5 billion, senior unsecured bond offering for Exxon Mobil Corp. The notes are rated Aa1/AA across 3- 5- 10- 20- and 31-year tranches.
Use of proceeds are earmarked for general corporate purposes, including but not limited to refinancing a portion of commercial paper, funding working capital, acquisitions and capital expenditures.
On April 8, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1 billion, senior unsecured bond offering for American Water Capital. The notes are rated Baa1/A across 10- and 30-year tranches.
Use of proceeds are earmarked to lend funds to American Water and its subsidiaries in the Regulated Businesses segment; to fund sinking fund payments for, and the repayment at maturity of approximately $28.4 million in aggregate principal amount of outstanding long-term debt securities of the issuer and of certain of American Water’s regulated operating subsidiaries, with a weighted average interest rate of 5.05% that mature in 2020 through 2048; to repay commercial paper obligations of the issuer; and for general corporate purposes, including potentially to repay short-term indebtedness under the issuer’s $750.0 million unsecured term loan credit agreement and its $2.25 billion unsecured revolving credit facility.
On April 7, 2020, Loop Capital Markets acted as a co-manager on a single-tranche, $700 million, senior unsecured bond offering for Estee Lauder. The 10-year notes are rated A1/A+.
Use of proceeds are earmarked for general corporate purposes, which may include operating expenses, working capital, capital expenditures and redemption and repayment of short-term or long-term borrowings, including outstanding commercial paper as it matures. Pending any specific application, the Company may initially invest funds in short-term marketable securities. As of March 31, 2020, the Company had $200 million of short-term commercial paper outstanding, due at various dates through April 2020, at an average interest rate of 1.53%.
On April 7, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $1 billion, senior unsecured bond offering for Phillips 66. The notes are rated A3/BBB+ across 3- and 5-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On April 6, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $2.25 billion, senior unsecured bond offering for HP Enterprise. The notes are rated Baa2/BBB across 3- and 5-year tranches.
Use of proceeds of the offering are earmarked for general corporate purposes, including repayment of existing debt.
On April 6, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $2 billion, senior unsecured bond offering for Caterpillar. The notes are rated A3/A across 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes, which may include repayment or redemption of debt.
On April 3, 2020, Loop Capital Markets acted as a co-manager on a three-tranche, $2.25 billion, secured bond offering for Dell Int / EMC Corp. The notes are rated Baa3/BBB- across 5-, 7- and 10-year tranches.
Use of proceeds for the offering are earmarked for general corporate purposes, including the repayment of debt.
On April 2, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, €1.2 billion, senior unsecured bond offering for Thermo Fisher Scientific. The notes are rated Baa1/BBB+ across 7- and 12-year tranches.
Use of proceeds of the offering are earmarked for general corporate purposes, including the repayment of debt.
On April 01, 2020, Loop Capital Markets acted as a co-manager on a single-tranche, 10-year, $1 billion, senior unsecured bond offering for Southern Co. The notes are rated Baa2/BBB+.
Use of proceeds of the offering are earmarked to repay short-term debt, including commercial paper and outstanding credit facility borrowings and to retire the 2.75% senior notes due June 15, 2020.
