On March 10, 2020, Loop Capital Markets participated as a co-manager on a two-part, $1.75 billion, senior unsecured bond offering for Starbucks. The notes are rated Baa1/BBB+ across 7-, 10- and 30-year tenors.
Starbucks intends to use the net proceeds of the offering for general corporate purposes.
On March 10, 2020, Loop Capital Markets acted as a co-manager on a single-tranche, $650 million, senior unsecured bond offering for Textron. The notes are rated Baa2/BBB and have a 10-year tenor.
Textron intends to use the net proceeds of the offering for general corporate purposes.
On March 4, 2020, Loop Capital Markets served as a co-manager on a two-tranche, $1.1 billion, first mortgage bond offering for Southern California Edison. The notes are rated A3/A- across 10.25- and 30-year tenors. The transaction’s 30-year tranche was a re-opening of a $500 million new issue bond originally offered by Southern California Edison on 1/6/2020.
Southern California Edison intends to use the net proceeds of the offering for general corporate and refinancing purposes.
On March 4, 2020, Loop Capital Markets acted as a co-manager on a two-part, $800 million, senior unsecured bond offering for J.M. Smucker. The notes are rated Baa2/BBB across 10- and 30-year tenors.
J.M. Smucker intends to use the net proceeds of the offering for refinancing and various general corporate purposes.
On March 4, 2020, Loop Capital Markets participated as a co-manager on a two-tranche, $1.0 billion, senior unsecured bond offering for John Deere Capital. The notes are rated A2/A across 3- and 7-year tenors.
John Deere intends to use the net proceeds of the offering for general corporate purposes.
On March 3, 2020, Loop Capital markets served as a co-manager on a three-tranche, $2.0 billion, senior unsecured bond offering for McDonald’s. The notes are rated Baa1/BBB+ across 5.5-, 10- and 29.5-year tenors. The transaction’s 29.5-year tranche was a re-opening of a $1.0 billion new issue bond originally offered by McDonald’s on 8/7/2019.
McDonald’s intends to use the net proceeds of the offering for refinancing and various general corporate purposes.
On March 3, 2020, Loop Capital Markets acted as a co-manager on a two-part, €1.0 billion, senior unsecured bond offering for Honeywell International. The notes are rated A2/A across 4- and 12-year tenors.
Honeywell intends to use the net proceeds of the offering for general corporate purposes.
On February 19, 2020, Loop Capital Markets served as a co-manager on a six-tranche, $5.30 billion, senior unsecured bond offering for Otis Worldwide Corporation. The notes are rated Baa2/BBB across 3-, 7-, 10-, 20- and 30-year tenors.
Otis Worldwide Corporation intends to use the net proceeds of the offering for the repayment of outstanding indebtedness.
On February 19, 2020, Loop Capital Markets participated as a co-manager on $1.0 billion, 10-year, senior unsecured bond offering of Halliburton Company. The notes are rated Baa1/A-.
Halliburton intends to use the net proceeds of the offering for general corporate and refinancing purposes.
On February 19, 2020, Loop Capital Markets was a co-manager on a $750 million, senior unsecured bond offering for KLA Corporation. The 30-year notes are rated Baa1/BBB+.
KLA intends to use the net proceeds of the offering for general corporate and refinancing purposes.