Transactions

C.L. King Co-Manages $3 Billion T-Mobile High Yield Bond Offering

C.L. King acted as Co-Manager for T-Mobile USA, Inc. in its 3-part $3B Senior Unsecured Notes offering including $1B 5nc2 2.25% notes due 2/15/2026, $1B 8nc3 2.625% notes due 2/15/29 and $1B 10nc5 2.875% notes due 2/15/2031.  This issue is rated Ba3/BB

C.L. King Co-Manages $1.2 Billion Allstate Bond Offering

C.L. King acted as Co-Manager for The Allstate Corporation in its 2-part $1.2B Senior Unsecured Notes offering including $600M 0.75% notes due 12/15/2025 and $600M 1.45% notes due 12/15/2030.  This issue is rated A3/A-/BBB+.

C.L. King Co-Manages $1.1 Billion Republic Services Bond Offering

C.L. King acted as Co-Manager for Republic Services, Inc. in its 2-part $1.1B Senior Unsecured Notes offering of $350mm 0.875% notes due 11/15/25 and $750mm 1.750% notes due 2/15/32.

This issue is rated Baa2/BBB+/BBB.

C.L. King Co-Manages £1.2 Billion Verizon Bond Offering

C.L. King acted as Co-Manager for Verizon Communications Inc. in its 2-part £1.2B Senior Unsecured Notes offering including £600mm 1.125% notes due 11/3/28 and £600mm 1.875% notes due 11/3/38.

This issue is rated Baa1/BBB+/A-.

C.L. King Co-Manages $4.9 Billion Boeing Bond Offering

C.L. King acted as Jr. Co-Manager for two tranches of The Boeing Company $4.9B 4-part Senior Unsecured Notes including the $1bn 1.950% notes due 2/1/24 and $1.4bn 2.750% notes due 2/1/26. Boeing also issued $1.1bn 3.250% notes due 2/1/28 and $1.4bn 3.625% notes due 2/1/31.

This issue is rated Baa2/BBB-/BBB-.

C.L. King Co-Manages $500 Million Pershing Square Holdings Bond Offering

C.L. King acted as Co-Manager for Pershing Square Holdings, Ltd. in its $500M(WNG) 144A/3c7/Reg S 10yr Senior Unsecured Notes due 11/15/30.

This issue is rated BBB+/BBB.

C.L. King Acted as Co-Manager Bank of America’s $1.1 Billion Preferred Stock Offering

C.L. King acted as Co-Manager for Bank of America in its $1.1B 4.375% 20 year Perpetual NC5 Non-Cumulative Preferred Stock, Series NN, offering of 44,000,000 depositary shares at an offering price of $25 per share.

The issue is rated Baa3/BBB-/BBB.

C.L. King Co-Manages $4 Billion T-Mobile Bond Offering

C.L. King acted as Co-Manager for T-Mobile in its $4B 4-part Senior Secured Notes offering including $500M tap of 2.05% notes due 2/15/28, $750M tap of 2.55% notes due 2/15/31, $1.25B 3.00% notes due 2/15/41 and $1.5B 3.30% notes due 2/15/51.
This issue is rated Baa3/BBB-/BBB-.

C.L. King Co-Manages $800 Million San Diego Gas & Electric’s Bond Offering

C.L. King acted as Co-Manager for San Diego Gas & Electric in its $800M 1.70% First Mortgage Bonds, Series VVV, due 10/01/30.
This issue is rated A2/A/A. San Diego Gas & Electric is a wholly-owned subsidiary of Sempra Energy (NYSE: SRE).

C.L. King Co-Manages $1 Billion Barclays PLC’s Bond Offering

C.L. King acted as Co-Manager for Barclays PLC in its $1B 15nc10 3.564% Fixed Rate Resetting Subordinated Callable Notes due 9/23/35.
This issue is rated Baa3/BB+/BBB+

C.L. King Co-Manages $1.25 Billion Southern Company Bond Offering

C.L. King acted as Co-Manager for Southern Company in $1.25Bn $1,000 Par 4.00% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 1/15/51.
This issue is rated Baa3/BBB/BBB-.

C.L. King Co-Manages $400 Million Arizona Public Service Bond Offering

C.L. King acted as Co-Manager for Arizona Public Service in its $400mm 2.65% Senior Notes ”Green Bond” due 9/15/50. This issue is rated A2/A-/A-. Arizona Public Service is a subsidiary of Pinnacle West Capital Corporation (NYSE: PNW)

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

C.L. King acted as Co-Manager for Alabama Power Company on its $600mm Series 2020A 1.45% Senior Unsecured Notes due 9/15/30. This issue is rated A1/A/A+. Alabama Power Company is a subsidiary of Southern Company (NYSE: SO).

C.L. King Co-Manages $2.5 Billion GM Financial Bond Offering

C.L. King acted as Co-Manager for GM Financial in its $2.5bn 3-part Senior Notes offering including $1.25bn 1.70% notes due 8/18/23, $900mm 2.70% notes due 8/20/27, and $350mm Tap of 3.60% notes due 6/21/30.

This issue is rated Baa2/BBB/A-.

C.L. King acted as Joint Book-Running Manager for Duke Energy Progress’ $700 Million Bond Offering

C.L. King acted as Joint Book-Running Manager for Duke Energy Progress on its $700mm Series A Floating Rate Senior Notes due 2/18/22, priced at 3mL+18.

This issue is rated A2/A-. Duke Energy Progress is a subsidiary of Duke Energy Corp (NYSE: DUK).

C.L. King Co-Manages $10 Billion Alphabet Bond Offering

C.L. King acted as Co-Manager for Alphabet Inc. in its $10bn 6-part Senior Notes offering including $1bn 0.45% notes due 8/15/25, $1bn 0.80% notes due 8/15/27, $2.25bn 1.10% notes due 8/15/30, $1.25bn 1.90% notes due 8/15/40, $2.5bn 2.05% notes due 8/15/50 and $2bn 2.25% notes due 8/15/60. The 5s, 10s & 30s were sustainability tranches.

This issue is rated Aa2/AA+.

C.L. King Co-Manages $1.25 Billion NextEra Energy Bond Offering

C.L. King acted as Jr. Co-Manager for Florida Power & Light Company in its $1.25bn Floating Rate Notes due 7/28/23. This issue is rated A1/A/A+.

Florida Power & Light Company is a wholly-owned subsidiary of NextEra Energy Inc.(NYSE:NEE)

C.L. King Co-Manages $11 Billion AT&T Bond Offering

C.L. King acted as Co-Manager for AT&T Inc. in its $11bn 5-part Senior Notes offering including $2.25bn 1.65% notes due 2/1/28, $2.5bn 2.25% notes due 2/1/32, $2.5bn 3.10% notes due 2/1/43, $2.25bn 3.30% notes due 2/1/52 and $1.5bn 3.50% notes due 2/1/61.

This issue is rated Baa2/BBB/A-.

C.L. King Co-Manages $4.75 Billion Bank of America Bond Offering

C.L. King acted as Jr. Co-Manager for Bank of America in its $4.75bn 2-part Series N Medium-Term Notes offering including $2.75bn 1.898% Fixed-to-FRN due 7/23/31 and $2bn Tap of 2.676% Fixed-to-FRN due 6/19/41. 

This issue is rated A2/A-/A+.

C.L. King Co-Manages $1 Billion Mondelez International Bond Offering

C.L. King acted as Co-Manager for Mondelez International in raising $1Bn 0.625% Senior Notes due 7/01/22.

This issue is rated Baa1/BBB.