On February 10, 2025, Loop Capital Markets was mandated as an active co-manager on a six-tranche, $6.5 billion senior unsecured notes offering for Eli Lilly and Company. The bonds are rated Aa3/A+ across 3-, 5-, 7-, 10-, 30- and 40-year tranches.
Use of proceeds are earmarked for general corporate purposes, debt repayment and acquisition financing.
On February 10, 2025, Loop Capital Markets acted as a co-manager on a two-tranche, $2 billion senior unsecured notes offering for Union Pacific Corporation. The bonds are rated A3/A-/A- across 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes, share repurchase and capital expenditures.
On January 13, 2025, Loop Capital Markets acted as a co-manager on a two-tranche, $2 billion senior unsecured notes offering for Deere & Company. The bonds are rated A1/A/A+ across 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On January 6, 2025, Loop Capital Markets acted as a co-manager on a three-tranche, $2.3 billion fixed/floating rate senior unsecured notes offering for Canadian Imperial Bank of Commerce. The bonds are rated A2/A-/AA- across 3- and 6-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On January 2, 2025, Loop Capital Markets acted as a co-manager on a $1 billion senior unsecured notes offering for Ares Capital Corporation. The 7-year bond is rated Baa2/BBB/BBB.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On January 2, 2025, Loop Capital Markets acted as a co-manager on a two-tranche, $2.5 billion high yield senior unsecured notes offering for Ford Motor Credit Company LLC. The bonds are rated Ba1/BBB-/BBB- across 5- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes.
JLC Infrastructure (“JLC”), a leading infrastructure investor, today announced the final closing of JLC Infrastructure Fund II (the “Fund”). The Fund, together with separately managed accounts, closed on capital commitments of $925 million, exceeding the Fund’s $750 million target. This is JLC’s second fund in the series and will be focused on making infrastructure investments across North America.
“We are pleased with JLC’s continued growth and tremendously appreciative of the institutional investors that continue to support the efforts of our firm. JLC’s unwavering commitment to delivering value to our investors, the communities in which we operate, and our public and private sector partners remains the bedrock upon which our success is built,” said Jim Reynolds, a Managing Member of JLC.
The JLC team has a strong track record of projects including its capital raising and related activities in connection with its investment in the New Terminal One project at John F. Kennedy International Airport. The $9.5 billion state-of-the-art project will result in a 23- gate, 2.4 million square foot terminal with construction anticipated to finalize in 2030.
JLC has assets under management of approximately $2.1 billion and currently manages investments in the transportation, energy, and communications sectors.
JLC was advised by Proskauer Rose.
About JLC Infrastructure
JLC is an investor and asset management firm focused on the transportation, communications, energy, utilities and social infrastructure sectors in the United States. The firm was formed in 2015 by Loop Capital and Magic Johnson Enterprises (“MJE”) with offices in Chicago and New York City. JLC has a broad network of long-standing relationships with municipalities, governments, infrastructure companies, investors, advisors and financing providers throughout the country.
On December 16, 2024, Loop Capital Markets served as a co-manager on a $115 million follow-on stock offering for EVgo, Inc.
Use of proceeds are earmarked for general corporate purposes.
On December 11, 2024, Loop Capital Markets served as a co-manager on a $719 million IPO (including the green shoe) for ServiceTitan, Inc.
Use of proceeds are earmarked for general corporate purposes, debt repayment, capital expenditure and working capital.
On December 9, 2024, Loop Capital Markets acted as a co-manager on a $450 million FABN offering for CNO Global Funding. The 3-year bond is rated A3/A-/A.
Use of proceeds are earmarked for general corporate purposes.
