Secondary links Careers Contact Us Chinese Site About Us Services News & Media Locations Search December 2nd, 2021 On December 2, 2021, The Illinois State Toll Highway Authority (the “Tollway”) sold the $700 million Toll Highway Senior Revenue Bonds, 2021 Series A (the “Series 2021A Bonds” or the “Bonds”) with Loop Capital Markets serving as bookrunning senior manager. The Bonds were rated Aa3 (Stable) / AA- (Stable) / AA- (Stable) by Moody’s, S&P and Fitch, respectively. The Bonds were issued to (i) finance the costs of capital improvements to be made to the Tollway System as part of the Move Illinois Program, (ii) make a deposit to the Debt Reserve Account and (iii) pay costs of issuance in connection with the Series 2021A Bonds. The Tollway ultimately upsized the transaction from $600 million to $700 million. The Bonds were a tax-exempt financing with a final maturity of 2046 comprising of both serial and term bonds with 4% and 5% coupons and a 10-year par call. Immediately following the release of the preliminary official statement, the Firm’s salesforce actively began pre-marketing and contacted a broad range of prospective accounts. The Firm developed an investor roadshow in conjunction with the Tollway that was viewed by 29 unique investors of which five accounts held one-on-one calls with the Tollway. Priority orders totaled $2.1 billion with 3.0x oversubscription. The transaction was primarily sponsored by bond funds followed by proprietary/trading accounts and separately managed accounts. Strong subscription levels resulted in spreads to tighten between 1 and 4 basis points between pre-pricing and repricing/final pricing. The transaction had an All-In TIC of 3.016%. About Us Footer About Us Mission & Values Leadership Community Involvement News & Media Footer News & Media Firm News Loop in the Media Recent Deals Services Footer Services Investment Banking - Public Finance Investment Banking - Corporate Sales & Trading Transition Management Research Analytical Services Financial Consulting Services Careers Footer Menu Careers Overview People & Culture Open Positions Internships Locations Locations An Uncompromising Commitment to Service Privacy Statement | Disclosures | Site Map | Contact Us | Feedback | Check the background of this firm on FINRA's Broker Check. | © 2019 Loop Capital Loop Capital® is a registered trademark of Loop Capital Holdings, LLC. Securities and investment banking services are offered through Loop Capital Markets LLC. Loop Capital Markets LLC is a registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA), the Municipal Securities Rulemaking Board (MSRB) and the Securities Investor Protection Corporation (SIPC). Swap-related services are offered through Loop Capital Strategies, LLC. Loop Capital Strategies is an Introducing Broker registered with the Commodity Futures Trading Commission (CFTC) and member of the National Futures Association (NFA).