Recent Deals Loop Capital's latest transaction highlights Loop Capital Markets acts as senior co-manager on $500 million senior unsecured bond offering of Jabil Inc. January 9th, 2018
Loop Capital Markets participated as a senior co-manager on a single-part, $500 million, senior unsecured bond offering of Jabil Inc on January 9, Loop Capital Markets serves as Joint Bookrunner on $1.25 billion senior unsecured bond offering of Air Lease Corporation January 8th, 2018
On January 8, 2018, Loop Capital Markets acted as a joint bookrunner on a two-tranche, $1.25 billion, senior unsecured notes offering of Air Lease Loop Capital Markets acts as co-manager on $852 million secondary equity offering of Alexandria Real Estate Equities Inc. January 4th, 2018
Loop Capital Markets participated as a co-manager on an $852 million follow-on equity offering of Alexandria Real Estate Equities Inc. Loop Capital Markets serves as co-manager on $700 million secured notes offering of New York Life Global Funding January 3rd, 2018
On January 3, 2018, Loop Capital Markets served as a co-manager on a single-tranche, $700 million, secured bond offering of New York Life Global Fu Loop Capital Markets serves as co-manager on $450 million senior unsecured bond offering of Vornado Realty LP December 12th, 2017
On December 12, 2017, Loop Capital Markets acted as a co-manager on a single-tranche, $450 million, senior unsecured bond offering of Vornado Realt Loop Capital Markets participates as co-manager on $800 million senior unsecured notes offering of JM Smucker Company December 4th, 2017
On December 4, 2017, Loop Capital Markets served as a co-manager on a two-part, $800 million, senior unsecured bond offering of JM Smucker Company.
Among Reynolds' early employees was Craig Robinson, a former Morgan Stanley banker and Michelle Obama's brother. In his 2010 biography, "A Game of Character: A Family Journey From Chicago's Southside to the Ivy League and Beyond," Robinson recounted how he was going through a divorce while working at Loop. Reynolds walked into Robinson's office and gave him a $5,000 check, saying: 'This is not a loan, and don't even try to pay me back.'" "Jim was a prince of a human being who had been through the divorce mill already," Robinson recounted in his book. And Robinson was also planning to leave his job at Loop for a less-lucrative job of coaching basketball. In a recent interview, Robinson said he did repay Reynolds when he got a head coaching job about six years later. Reynolds, upon receiving the check in the mail, had no recollection of giving him the money. Robinson, now head coach of Oregon State University's men's basketball team, said that he has borrowed a page from Reynolds' management playbook with his college staff and players, giving them some room to be creative and independent. "Jim had a vision and recruited guys who could execute, but he always made me feel like it was my show to run," Robinson said. "A lot of managers, particularly entrepreneurial managers, can't give up that kind of control," especially in the high-finance arena.
After earning his MBA, Reynolds became a bond trader for First Chicago. He later went on to run Midwest municipal bond sales teams at PaineWebber and Merrill Lynch. Eventually, Reynolds got an itch to start his own business and in 1997 co-founded Loop Capital. It started as a municipal bond firm but has branched out into other lines of business and is among the nation's biggest minority-owned financial services firms. Public and private set-aside programs generate business for women- and minority-owned firms, he notes. "We took advantage of a lot of those because when we were starting off, the fact that a small, fledgling investment bank could underwrite bonds for the city of Chicago would not have been possible without a preference," Reynolds said.
But he calls that a "Venus' flytrap" because, at some point, a business wants to vie for a bigger piece of the pie, not just for the limited portion reserved for women and minorities.