On March 23, 2020, Loop Capital Markets participated as a co-manager on a two-tranche, $6.0 billion, senior unsecured bond offering for Wells Fargo. The notes are rated A2/A- across 11- and 31-year tenors.
Wells Fargo intends to use the net proceeds of the offering for general corporate purposes.
On March 20, 2020, Loop Capital Markets served as a co-manager on a single-part, $500 million, senior unsecured bond offering for JPMorgan. The notes have a 10-year tenor and are rated A2/A-; this is a re-opening of a $2.5 billion bond offering originally offered on March 19, 2020.
JPMorgan intends to use the net proceeds of offering for general corporate purposes.
On March 20, 2020, Loop Capital Markets participated as a co-manager on a single-tranche, $700 million, senior unsecured bond offering for Moody’s Corporation. The notes have a 25-year tenor and are rated BBB+.
Moody’s intends to use the net proceeds of the offering for general corporate, acquisition and refinancing purposes.
On March 19, 2020, Loop Capital Markets served as a co-manager on a five-tranche, $6.0 billion, senior unsecured bond offering for Walt Disney. The notes are rated A2/A across 5-, 7-, 10-, 20- and 30-year tenors.
Disney intends to use the net proceeds of the offering for general corporate purposes, including the repayment of indebtedness (including commercial paper).
On March 19, 2020, Loop Capital Markets participated as a co-manager on a single-part, $1.3 billion, senior unsecured bond offering of Citigroup. The notes are rated A3/BBB+ across a 20-year tenor.
Citigroup intends to use the net proceeds of the offering for general corporate purposes.
On March 19, 2020, Loop Capital Markets acted as a co-manager on a single-tranche, $2.5 billion, senior unsecured bond offering of JPMorgan Chase. The notes are rated A2/A- across a 10-year tenor.
JPMorgan intends to use the net proceeds of the offering for general corporate purposes.
On March 17, 2020, Loop Capital Markets acted as a co-manager on a five-part, $8.5 billion, senior unsecured bond offering for Exxon Mobil. The notes are rated AAA/AA across 5-, 7-, 10-, 20- and 30-year tenors.
Exxon Mobil intends to use the net proceeds of the offering for general corporate purposes including refinancing commercial paper borrowings, funding working capital, acquisitions, capital expenditures and other business purposes.
On March 17, 2020, Loop Capital Markets served as a co-manager on a six-tranche, $6.5 billion, senior unsecured bond offering of PepsiCo. The notes are rated A1/A+ across 5-, 7-, 10-, 20-, 30- and 40-year tenors.
PepsiCo intends to use the net proceeds of the offering for general corporate purposes, including repayment of commercial paper.
On March 17, 2020, Loop Capital Markets served as a co-manager on a three-tranche, $3.5 billion senior unsecured bond offering for Verizon. The notes are rated Baa1/BBB+ across 7-, 10- and 30-year tenors.
Verizon intends to use the net proceeds of the offering for general corporate purposes.
On March 13, 2020, Loop Capital Markets served as a co-manager on a two-tranche, $1.5 billion, senior unsecured bond offering for Zimmer Biomet. The notes are rated Baa3/BBB across 5.75- and 10-year tenors.
Zimmer Biomet intends to use the net proceeds of the offering for general corporate purposes.