On February 18, 2025, Loop Capital Markets acted as a co-manager on a five-tranche, $5 billion senior unsecured notes offering for Johnson & Johnson. The bonds are rated Aaa/AAA across 2-, 3-, 5-, 7- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes, debt repayment and acquisition financing.
On February 18, 2025, Loop Capital Markets acted as a co-manager on a five-tranche, €4 billion senior unsecured euro notes offering for Johnson & Johnson. The bonds are rated Aaa/AAA across 4-, 8-, 12-, 20- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes, debt repayment and acquisition financing.
On February 18, 2025, Loop Capital Markets acted as a co-manager on a four-tranche, $2 billion senior unsecured notes offering for The Hershey Company. The bonds are rated A1/A across 3-, 5-, 7- and 10-year tranches.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On February 20, 2025, Loop Capital Markets acted as a co-manager on a $600 million MTN offering for PACCAR Financial Corp. The 3-year bond is rated A1/A+.
Use of proceeds are earmarked for general corporate purposes.
On January 30, 2025, Loop Capital Markets acted as a co-manager on a six-tranche, $5 billion fixed/floating rate senior unsecured notes offering for NextEra Energy Capital Holdings, Inc. The bonds are rated Baa1/BBB+/A- across 3-, 5-, 7-, 10- and 30-year tranches.
Use of proceeds are earmarked for general corporate purposes, debt repayment and capital expenditure.
On January 29, 2025, Loop Capital Markets served as Senior Manager for Temple University’s (the “University”) $239.630 million Revenue Bonds, First Series of 2025 (the “Bonds”). The Bonds have underlying ratings of “Aa3” (Stable) / “A+” (Stable) (Moody’s / S&P) and carry an insured S&P rating of “AA” by Assured Guaranty. Proceeds will be used to (i) refund through defeasance and optional redemption the University’s currently callable Revenue Bonds, First Series of 2015, First Series of 2016, and Second Series of 2016, (ii) refund through purchase and cancellation a portion of the University’s Revenue Bonds, First Series of 2020 that are tendered, and (iii) pay costs of issuance. The transaction also included a tender component for the University’s taxable Series 2020 Bonds – the Firm worked closely with the Dealer Manager to seamlessly integrate the tender offer into the plan of finance, ensuring smooth execution for the University.
In preparation for pre-marketing, Loop’s banking team created an electronic roadshow which was ultimately viewed by 46 unique investors. In addition, the Firm provided the University with investor feedback, summarizing accounts who expressed interest and rationale for those that did not expect to participate. Ultimately, 39 investors participated in the transaction with $1.1 billion in total orders (4.6x oversubscription). Given strong investor demand, the Firm was able to tighten spreads by two to eight basis points between pre-pricing and final pricing levels. The transaction generated nearly $27 million of total present value savings or 10.3% of the refunded par amount for the University. The tender offer of the Series 2020 Bonds achieved a 19% participation rate, with nearly $28.6 million of total tendered par.
On January 28, 2025, Loop Capital Markets acted as a co-manager on a €750 million senior unsecured euro notes offering for Tyco Electronics Group S.A. The 8-year bond is rated A3/A-/A -.
Use of proceeds are earmarked for general corporate purposes and debt repayment.
On January 23, 2025, Loop Capital Markets was mandated as a book-runner on a $1.8 billion IPO for Venture Global, Inc.
Use of proceeds are earmarked for general corporate purposes, capital expenditure and working capital.
On January 21, 2025, Loop Capital Markets acted as a co-manager on a four-tranche, $8.5 billion fixed/floating rate senior unsecured notes offering for The Goldman Sachs Group, Inc. The bonds are rated A2/BBB+/A across 6-, 11- and 31-year tranches.
Use of proceeds are earmarked for general corporate purposes.
On January 16, 2025, Loop Capital Markets was mandated as a book-runner on a $190 million IPO (including the green shoe) for SPAC Hennessy Capital Investment Corp. VII. The company issued 17.5 million units at an offering price of $10 per unit. Each unit sold consists of one Class A ordinary share and one right to receive one-twelfth of one Class A ordinary share.
Hennessy Capital Investment Corp. VII intends to deposit all the net proceeds from this offering into a trust account until certain provisions are met.
