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Welcome, Thursday, September 9, 2010 |
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Loop Capital Markets Appointed to Serve as Joint Senior Manager on the State of California Public Works Board's $630 million Lease Revenue Bond Issue The financing is scheduled to price in mid-fall and will include tax-exempt bonds, taxable bonds and taxable Build America Bonds. Proceeds will be used by various state agencies and departments to fund capital projects. Chicago Public Schools Picks Loop Capital Markets The firm was recently appointed to serve as Book-running Senior Manager for the upcoming Chicago Public Schools (“CPS”) Qualified School Construction Bonds (“QSCBs”) financing. CPS has been allocated approximately $257 million in QSCBs under the American Reinvestment and Recovery Act (“ARRA”) and plans to issue the full amount to fund eligible capital projects. The transaction is scheduled to price during the month of October with closing expected in November. Loop Capital Markets Named Co-Senior Manager for Metropolitan Pier and Exposition Authority Transaction The firm has been appointed to serve as Co-Senior Manager for the upcoming Metropolitan Pier and Exposition Authority (“MPEA”) debt restructuring. The deal is currently sized to a par amount of approximately $838 million, consisting of a mixture of Tax-Exempt Bonds, Build America Bonds (“BABs”), and Capital Appreciation Bonds. The transaction is scheduled to price and close during the month of October. Senior Manager Appointment for Upcoming City of Chicago Financing The City recently selected Loop Capital Markets to senior manage the City’s upcoming new money and refunding transaction. The deal is currently sized to a par amount of approximately $700 million, consisting of a mix of tax-exempt securities and taxable Build America Bonds. Loop Capital Markets serves as co-book-running Senior Manager on the City of New York’s $962 million bond issue In July 2010, Loop served as co-book-running senior manager on a $962 million general obligation bond refunding issue by the City of New York, the first time in history that a non-bulge bracket firm structured such a transaction for the City. Loop Capital Markets Leads Deal for Cook County, Illinois On June 10, 2010 Loop Capital Markets acted as senior manager on Cook County's $331.9 million Taxable General Obligation Bonds, Series 2010 D&E. In the firm’s third senior managed transaction with the County within a year, Loop Capital Markets was able to price the financing in a difficult market environment and secure sponsorship from a diverse group of investors, through an effective marketing campaign coupled with an aggressive sales outreach. Loop Capital Markets Serves as Joint-Bookrunning Senior Manager for the State of Illinois On January 7, 2010, the firm acted as joint-bookrunning senior manager on the State of Illinois' $3.47 billion General Obligation Bonds, Taxable Series of January 2010. The bond sale raised funds to reimburse the State for contributions to the State’s five Retirement Systems. Loop Capital Markets participates as a co-lead manager on San Diego Gas & Electric’s $250 million First Mortgage Bonds On May 10, 2010, Loop was a co-lead manager on San Diego Gas & Electric’s $250 million, 30 year, First Mortgage Bonds. The transaction is a financial landmark for San Diego Gas & Electric -- the first time it has used a minority-owned investment bank as co-lead in any bond offering. Federal Signal brings a $65 million secondary equity offering On May 6, 2010, Federal Signal came to market with a $65 million secondary equity offering. Loop participated as an equity underwriter. Loop Capital Markets participates as a co-manager in NBC Universal’s three tranche $4.0 billion debt offering On April 27, 2010, NBC Universal issued $4.0 billion senior secured notes. The transaction consisted of three tranches – 5 year, 10 year, and 30 year. Loop participated as a co-manager on all three tranches. Loop Capital Markets Leads Deal for City of Memphis, Tennessee On April 6, 2010, Loop Capital Markets served as book-running senior manager on $67.83 million General Improvement Bonds consisting of tax-exempt and taxable Build America bonds. The bond sale raised funds to provide the payment at maturity of a portion of the principal of the City of Memphis’ Bond Anticipation Notes. Loop Capital Markets Sole Manager for South San Antonio Independent School District On March 30, 2010, Loop Capital Markets served as sole manager on $23.475 million on the District’s Unlimited Tax Refunding Bonds, Series 2010. The bond sale raised funds for refunding a portion of the District’s currently outstanding unlimited ad valorem tax-supported obligations. Loop Capital Markets participates as a co-manager on Bank of America’s two tranche TARP warrant auction On March 3, 2010, Loop participated as a co-manager in Bank of America’s TARP warrant auction. The bailout warrants sold for more than $1.5 billion in the biggest auction of such securities in U.S. history by the Treasury Department. Freddie Mac’s brings a $5.5 billion note transaction On March 3, 2010, Freddie Mac came to market with a 3 year note deal. Loop participated as a co-manager. Loop Capital Markets participates as a co-manager in Comcast’s two tranche $2.4 billion debt offering On February 24, 2010, Comcast Corporation issued $2.4 billion senior secured notes. The transaction consisted of two tranches – 10 year and 30 year. Loop participated as a co-manager on both tranches. Loop Capital Markets Now Live 24 Hours Per Day, Six Days Per Week As of January 1 st , 2009, Loop Capital Markets has expanded its operating hours to not only trade equity securities live during North American, South American and European trading hours, but also during Pacific Rim trading hours. Loop Capital Markets Leads Deal for Cook County, Illinois On October 21, 2009, Loop Capital Markets served as book-running senior manager on $244 million tax-exempt General Obligation Bonds, Series 2009 C, D & E. The bond sale raised funds for capital equipment purchases and to refund a portion of the County’s outstanding general obligation bonds. Loop Capital Markets Leads Deal for the State of Michigan On October 15, 2009, Loop Capital Markets served as book-running senior manager on $146 million tax-exempt State Trunk Line Fund and Refunding Bonds, Series 2009. The Bonds were issued on behalf of the Michigan Department of Transportation and were backed by vehicle registration fees and motor fuel taxes. The bond sale raised funds to refund a portion of the State’s outstanding State Trunk Line Fund bonds. Loop Capital Markets Leads Deal for Dormitory Authority of the State of New York (“DASNY”) On August 18 th , 2009, Loop Capital Markets served as co-book running senior manager on a $755.810 million taxable Build America Bonds ("BABS") issuance for DASNY, one of the most prolific and prestigious issuers in the municipal market. This transaction marked the first BABS issuance by DASNY as well as the first BABS issued by any state supported authority in New York State. Loop Capital Markets serves as a co-manager in Exelon Generation’s $1.5 billion debt offering On September 16, 2009, Loop participated as a co-manager in Exelon Generation’s $1.5 billion debt offering . The deal consisted of a 10 year, $600 million and a 30 year, $900 million tranche. Proceeds from this offering will be used to fund a portion of the purchase of such senior notes. Loop Capital Markets Leads Inaugural Build America Bonds Deal On June 17th, 2009, Loop Capital priced $427.415 million Cook County General Obligation Bonds that included $251.41 million of Build America Bonds. $131.205 million of the BABs were designated as Recovery Zone Economic Development Bonds and was one the first transactions of its kind to price since the adoption of the ARRA. Loop Capital Leads BABs Issuance for the City of Houston On August 20, 2009, Loop Capital Markets priced $507.680 million City of Houston, Texas Public Improvement Bonds that included $430,850 million tax-exempt and $76.830 million of BABs. Loop Capital Markets serves as a Co-Manager in Coca Cola Enterprises’ Debt Offering On August 4, 2009, Loop participated as a co-manager in Coca Cola Enterprises’ $250 million debt offering. The deal was a 10 year fixed rate issue with a rating of A3/A and a coupon of 4.5 %. Loop Capital Markets Participates in Dow Chemical Debt Offering On August 4, 2009, Dow Chemical came to market with a three tranche debt deal consisting of 2 year, 3 year, and 5 year tenors – totaling $2.75 billion. Loop was a co-manager in all three tranches. The proceeds will be used to pay and refinance debt. Loop Capital Markets as a Co-Manager in Comcast Two Tranche Offering On June 15, 2009, Comcast came to market with a two tranche offering of 5 year and 10 year bonds. Prudential Financial Brings a Two Tranche Offering to the Debt Market On June 2, 2009, Loop participated as a co-manager in Prudential Financial's two tranche offering. Loop Capital Markets Participates in Microsoft Inaugural Debt Offering On May 11, 2009, Microsoft Corporation issued its first public bonds. Loop Capital Markets Participates as Co-Manager in Boeing Company Bond Deal On March 10, 2009, Loop Capital Markets was a co-manager in a three tranche Boeing Company bond deal totaling $1.85 billion. Loop Capital Markets Participates as Co-Manager in Chevron Corporation Bond Deal On February 26, 2009, Loop Capital Markets was a co-manager in a $5 billion bond deal issued by Chevron Corporation. Loop Capital Markets Participates as Co-Manager in PepsiCo, Inc. Bond Deal On February 25, 2009, Loop Capital Markets was a co-manager in a senior unsecured, $1 billion fixed rate PepsiCo, Inc. bond deal. State of California $4 Billion General Obligation Bonds Loop Capital Markets to Co-manage State of California General Obligation Bond deal. State of Florida Lottery Revenue Bonds Loop Capital Markets to Co-manage Florida Lottery Revenue Bond deal. Commonwealth of Massachusetts General Obligation Bonds Loop Capital Markets to Co-manage General Obligation Bond deal. Loop Capital Markets in Top 10 for Best Execution Ranking by ITG in Pensions and Investments Magazine. Loop Capital Markets Leads Deal for Dormitory Authority of the State of New York (“DASNY”) Loop Capital Markets serves as book-running senior manager on $176 million State Personal Income Tax Revenue Bonds. Loop Capital Markets Selected as Co-Senior Manager on the CTA $1.9 Billion Pension Fund Bond Issuance Largest financing in CTA history. Loop Capital Markets Leads Deal for New York City Loop Capital Markets serves as book-running senior manager on $475 million General Obligation Bonds. Loop Capital Markets Participates as Co-Manager in Wachovia Bond Deal $2.5 Billion Wachovia Bond Deal. Loop Capital Markets Participates as Co-Manager in UnitedHealth Group Bond Deal $3 billion UnitedHealth Group bond deal. Loop Capital Markets Participates as Co-Manager in AT&T Bond Deal $4 billion bond deal. Loop Capital Markets Initial Placement Agent for Illinois Tollway VRDN $175 Million of Variable Rate Demand Notes issued by the Illinois Tollway Authority. Loop Capital Markets Leads Historical Deal for City of Chicago Loop Capital Markets serves as Book-Running Senior Manager on $330 million Refunding. Loop Capital Markets Co-Manages Big Blue Deal $3 billion IBM bond deal. Loop Capital Markets Participates as Co-Manager in Wells Fargo Bond Deal $3 billion Wells Fargo Company bond deal. Loop Capital Markets Participates as Co-Manager in Entergy Bond Deal $329 million Entergy Gulf States Reconstruction Funding bond deal. Loop Capital Markets Co-Manages Walt Disney Bond Deals Loop Capital Markets participates as co-manager on two Walt Disney bond deals. Loop Capital Markets Involved in Largest IPO for 2007 Blackstone IPO generated over $4.1 billion dollars. Loop Capital Markets Leads Commonwealth Edison Bond Deal First ever bond offering managed exclusively by minority-owned investment banks. Loop Capital Markets Participates as Co-Manager in AT&T Bond Deal $1.5 billion bond issued by AT&T. Loop Capital Markets Participates as Co-Manager in Comcast Bond Deal $2.25 billion deal. Loop Capital Markets Will Serve on the Financing Teams for the New York Yankees Yankees and Mets to build new stadiums. Loop Capital Markets Serves as Co-Manager in Burger King IPO Offering raises $488 million. Loop Capital Markets Participates in Tim Hortons’ IPO Offering was 33.35 million shares; share price $23.16. Loop Capital Markets to Co-Manage $125 Million Financing Financing for the Jacksonville Aviation Authority. Loop Capital Markets to Co-manage $438 Million Restructuring Deal is for Nassau County Tobacco Authority. Loop Capital Markets to Serve as Senior Manager on Texas School District Financing $37 million financing for North Forrest, Texas school district. Loop Capital Markets Serves as Co-Remarketing Agent for Howard University Deal is a $40 million variable rate transaction. Loop Capital Markets Co-Senior Manager on MDOT Deal $50-$60 million refunding and new money transaction for Michigan Department of Transportation. Loop Capital Markets Particiapates in Daimler Chrysler’s First ABS Deal of 2006 1.5 $billion asset backed secured deal. Co-manager on up to $1 billion financing for the State of Louisiana Loop Capital Markets will serve as a co-manager on the first Post Katrina financing for the State. Placement and remarketing agent, City of Los Angeles, Wastewater System Loop Capital Markets to serve as a placement and remarketing agent on approximately $50 million. Co-Advisor, Harris County Texas Loop Capital Markets to analyze the merits of a possible concession sale for the County. Senior Manager, City of Detroit, Sewage Disposal System Complex finance plan to be executed in Second quarter of this year. Loop Capital Markets Participates as Co-Manager in Wachovia ABS Deal Offering was a $1.8 billion; asset backed secured deal. Loop Capital Markets First Time Mandates With California Utility Loop Capital Markets Co-Manager in two deals for Sempra Energy subsidiary. Loop Capital Markets Receives Co-Manager Mandate With John Deere Capital Corp The offering was $250 million in five-year medium term notes. Loop Capital Markets receives Inaugural Co-Manager Mandate With Freddie Mac The offering was a $4 billion two-year USD Reference Notes security. Loop Capital Markets helps Michigan Department of Transportation Hedge Against Raising Interest Rates $260 million rate lock permits the Department to lock in today’s interest rates. Loop Capital Markets Serves as Senior Manager on Historic $562 Million Financing for the City of Chicago Significant transaction generated over $30 million in savings to City of Chicago. Loop Capital Markets Participates as a Co-Manager in Historic Bond Deal for World’s Largest Retailer Loop Capital Markets co-manager in an $800 million, 5 year bond deal for Wal-Mart Stores. Loop Capital Markets Senior Manages a $125 Million New Money Issue for the State of Illinois First of its kind $125 million new money issue. Loop Financial Products (LFP) Executes its Inaugural Transaction - A $121 Million Swaption $121 million swaption for Shelby County, Tennessee. Loop Capital Markets Repeat Mandate for GE Dealer Floorplan Master Note Trust New Issue Offering $1.25 billion GE Dealer Floorplan Asset-Backed Securities offering Second Senior Managed Financing for a State-Wide Entity in Michigan $61.2 million in bonds issued on behalf of the State of Michigan Department of Transportation. Loop Capital Markets Priced the Second of Two Senior Managed Refunding Transactions for Harris County, Texas $34.2 million deal will close on June 23, 2005. Loop Capital Markets, Serves as Senior Managing Underwriter on the City of Hartford Hartford $62.1 million combined general obligation new money and refunding transaction. Loop Capital Markets Kicks off 2005 With Co-Manager Role in First Consumer Products Bond Deal of the Year $300 million, 10 year Senior Note offering for PepsiAmericas. Inaugural Corporate Bond Lead Manager Role for Auto Industry Client On November 15, 2004 Loop Capital Markets served for the first time as lead manager on a corporate bond deal. District of Columbia’s Multimodal G.O. Bonds Loop Capital Markets served as sole underwriter on $49.075 million for the District of Columbia’s Multimodal G.O. Bonds. |