Transactions

C.L. King Co-Manages $525 Million Ameren Missouri Bond Offering

C.L. King acted as Co-Manager for Union Electric Company, doing business as Ameren Missouri in its 2.15% $525M First Mortgage Green Bonds due 3/15/32. Ameren Missouri is a subsidiary of Ameren Corp (NYSE: AEE).  This issue is rated A2/A.

C.L. King Co-Manages $4.5 Billion Bank of America Bond Offering

C.L. King acted as Co-Manager for Bank of America Corporation in its $4.5B 2-part Senior Notes offering including $1.5B 0.523% 3nc2 Fixed to Floating Rate Notes due 6/14/24 and $3B 2.087% 8nc7 Fixed to Floating Rate Notes due 6/14/29. (NYSE: BAC). This issue is rated A2/A-.

C.L. King Co-Manages $2.25 Billion GM Financial Bond Offering

C.L. King acted as Co-Manager for General Motors Financial in its $2.25B 2-part Senior Notes offering including $1.25B 1.5% notes due 6/7/26 and $1B 2.7% notes due 6/7/31. This issue is rated Baa3/BBB/BBB-.

C.L. King Co-Manages $3 Billion Duke Energy Bond Offering

C.L. King acted as Co-Manager for Duke Energy Corporation in its $3B 4-part Senior Notes offering including $500M Floating Rate Notes due 6/10/23 priced at SOFR+25, $1B 2.55% Senior Notes due 6/15/31, $750M 3.5% Senior Notes due 6/15/41 and $750M 3.5% Senior Notes due 6/15/51. (NYSE: DUK). This issue is rated Baa2/BBB.

C.L. King Co-Manages $600 Million Alabama Power Bond Offering

C.L. King acted as Co-Manager for Alabama Power Company in its Senior Notes offering $600M 3.125% notes due 6/15/51. Alabama Power Company is a wholly-owned subsidiary of the Southern Company (NYSE: SO). This issue is rated A1/A-/A+.

C.L. King Co-Manages Ally Financial’s Perpetual Preferred Stock Offering

C.L. King acted as Co-Manager for Ally Financial Inc. in its $1B 4.7% perpnc7 Fixed-Rate Reset Non-Cumulative Perpetual $1,000 par Preferred Stock, Series C offering. The company offered 1,000,000 preferred shares. The issue is rated BB-/B+.

C.L. King Co-Manages $305 Million Spire Missouri Bond Offering

C.L. King acted as Co-Manager for Spire Missouri Inc. in its $305M 3.30% 30yr First Mortgage Bonds offering due 6/1/51. (NYSE: SR).This issue is rated A1/A.

C.L. King Co-Manages $1 Billion Wells Fargo Bond Offering

C.L. King acted as Co-Manager for Wells Fargo & Company in its $1B 0.805% 4nc3 Fixed to Floating Rate Sustainability notes offering due 5/19/25. (NYSE: WFC). This issue is rated A2/BBB+/A+.

C.L. King Co-Manages $3 Billion Citigroup Inc. Offering

C.L. King acted as Jr. Co-Manager for Citigroup Inc. in its $3B 2.561% 11nc10 Fixed to Floating Rate Notes due 5/1/32. This was part of a $5.5B 3-part Senior Notes offering including $500M 4nc3 Floating Rate Notes due 5/1/25 priced at SOFR+66.9 and $2B 0.981% 4nc3 Fixed to Floating Rate Notes due 5/1/25.

This issue is rated A3/BBB+/A. (NYSE: C)

C.L. King Co-Manages $13 Billion JP Morgan Chase & Co. Bond Offering

C.L. King acted as Co-Manager for JP Morgan Chase & Co. in its $13B 5-part Senior Notes offering including $500M 6nc5 Floating Rate Notes due 4/22/27 priced at SOFR+88.5, $3.5B 1.578% 6nc5 Fixed to Floating Rate Notes due 4/22/27, $3.5B 2.58% 11nc10 Fixed to Floating Rate Notes due 4/22/32, $2B 3.157% 21nc20 Fixed to Floating Rate Notes due 4/22/42 and $3.5B 3.328% 31nc30 Fixed to Floating Rate Notes due 4/22/52. (NYSE: JPM). This issue is rated A2/A-.

C.L. King Co-Manages $350 Million Patrick Industries High Yield Bond Offering

C.L. King acted as Co-Manager for Patrick Industries, Inc. in its $350M 144A/RegS 4.750% 8nc3 Senior Notes offering due 5/1/2029. This issue is rated B3/B+.

C.L. King Co-Manages $1.85 Billion Southern California Edison Bond Offering

C.L. King acted as Co-Manager for Southern California Edison Company in its $1.85B 4-part offering including $350M 0.70% Fixed Rate Notes due 4/03/23, $400M Floating Rate Notes due 4/03/23 priced at SOFR+64, $700M 1.10% Fixed Rate Notes due 4/01/24, and $400M Floating Rate Notes due 4/01/24 priced at SOFR+83. Southern California Edison Company is a subsidiary of Edison International (NYSE: EIX). This issue is rated A3/A-/BBB.

C.L. King Co-Manages $2.5 Billion NextEra Energy Bond Offering

C.L. King acted as Jr. Co-Manager for NextEra Energy Capital Holdings, Inc. in its $2.5B 2-part offering including $500M Floating Rate Notes due 3/1/23 priced at SOFR+54 and $2B 0.65% Senior Notes due 3/1/24. (NYSE: NEE). This issue is rated Baa1/BBB+/A-.

C.L. King Co-Manages $250 Million JP Morgan Chase & Co. Tap Bond Offering

C.L. King acted as Co-Manager for JP Morgan Chase & Co. in its $250M Tap of 3nc2 Floating Rate Notes due 3/16/24 (NYSE: JPM). This issue is rated A2/A-.

C.L. King Co-Manages $3 Billion JP Morgan Chase & Co. Bond Offering

C.L. King acted as Co-Manager for JP Morgan Chase & Co. in its $3B 2-part Senior Notes offering including $1B 3nc2 Floating Rate Notes due 3/16/24 priced at SOFR+58 and $2B 3nc2 0.697% Fixed to Floating Rate Notes due 3/16/24. (NYSE: JPM). This issue is rated A2/A-.

C.L. King Co-Manages $1.1 Billion CenterPoint Energy Houston Bond Offering

C.L. King acted as Co-Manager for CenterPoint Energy Houston Electric, LLC. in its $1.1B 2-part Senior Secured Notes offering including $400M 2.35% notes due 4/1/31 and $700M of 3.35% notes due 4/1/51. Center Point Houston is a wholly-owned subsidiary of CenterPoint Energy Inc. (NYSE: CNP). This issue is rated A2/A

C.L. King Co-Manages $375 Million Peco Energy Bond Offering

C.L. King acted as Co-Manager for Peco Energy Company in its $375M 3.05% First and Refunding Mortgage Bonds due 3/5/51. This issue is rated Aa3/A/A+. Peco Energy Company is a wholly-owned subsidiary of Exelon Corp (NASDAQ: EXC).

C.L. King Co-Manages $750 Million Georgia Power Bond Offering

C.L. King acted as Co-Manager for Georgia Power Company in its $750M 3.25% Senior Sustainability Notes, Series 2021A, due 3/15/51. This issue is rated Baa1/A-/A-. Georgia Power Company is a wholly-owned subsidiary of Southern Company (NYSE: SO).

C.L. King Co-Manages $3 Billion Charter Communications Bond Offering

C.L. King acted as Co-Manager for Charter Communications Operating, LLC/Charter Communications Operating Capital Corp in its $3B 3-part Senior Secured Notes offering including $1.5B 3.50% notes due 6/1/41, $1B 3.90% notes due 6/1/52, and $500M tap of 3.85% notes due 4/1/61. This issue is rated Ba1/BBB-/BBB-.

C.L. King Co-Manages Wells Fargo’s Preferred Stock Offering

C.L. King acted as Jr. Co-Manager for Wells Fargo & Company in its $1,000 par perpnc5 $3.51B 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB. The company offered 3,510,000 depositary preferred shares.

This issue was rated Baa2/BB+/BBB.