Pfizer's former animal health subsidiary, Zoetis, raised $2.6 billion in its initial public offering on January 31, 2013, becoming the largest IPO by a U.S. company since Facebook in May 2012, and the largest carve-out to list on a U.S. exchange in over five years.
Loop Capital's latest transaction highlights
On January 25, 2013, Verizon Wireless announced that it had signed agreements to complete a number of spectrum license transactions, including sales of licenses to AT&T and Grain Management, a Sarasota, Florida-based private equity firm that invests in the telecommunications sector.
Loop Capital Markets was a co-manager in five of the six tranches of AbbVie’s $14.7 billion offering. To fund the leveraged recapitalization of the spinoff of AbbVie from Abbott Labs, AbbVie launched a widely anticipated jumbo, multi-tranche offering on November 5, 2012.
Loop Capital Serves as Senior Manager on $126.2 million offering by the Triborough Bridge and Tunnel Authority
Loop Capital Markets successfully priced and sold $126,230,000 of The Triborough Bridge and Tunnel Authority’s (“TBTA” or the “Authority”) General Revenue Bonds on November 5-6, 2012, despite the widespread property damage and unprecedented interruption to financial market operations caused by Hurricane Sandy during the prior week.
Loop Capital Serves as Bookrunning Senior Manager on $599.2 million Financing for the State of California Public Works Board
On October 18, 2012, Loop Capital Markets served as the bookrunning senior manager to the State Public Works Board of the State of California on its $599,165,000 Lease Revenue Bonds, 2012 Series G, H, I and J.
Loop Capital Markets served as Lead Manager for City of Fort Worth’s $139,625,000 General Purpose Refunding and Improvement Bonds Series 2012. The deal was successfully priced during the week of August 20, 2012 and was well received by the market.