Transactions

C.L. King Co-Manages $500 Million Duke Energy Bond Offering

C.L. King acted as Jr. Co-Manager for Duke Energy Florida, LLC in $500mm First Mortgage Bonds, 1.75% Series due 6/01/30.

This issue is rated A1/A.

C.L. King Underwrites Tax-Exempt DEDA Gas Facilities Revenue Refunding Bonds

C.L. King acted as Underwriter on $78.4MM Delaware Economic Development Authority Gas Facilities Refunding Revenue Bonds(2020 Series A) due 01/01/2031 for the Delmarva Power & Light project.

Delmarva Power & Light is a subsidiary of Exelon Corporation (NYSE:EXC). This issue is rated A2/A.

C.L. King Co-Manages $12.5 Billion AT&T Bond Offering

C.L. King acted as Co-Manager for AT&T Inc. in its $12.5bn 5-part Senior Notes offering including $2.5bn 2.30% notes due 6/1/27, $3bn 2.75% notes due 6/1/31, $2.5bn 3.50% notes due 6/1/41, $3bn 3.65% notes due 6/1/51 and $1.5bn 3.85% notes due 6/1/60.

This issue is rated Baa2/BBB/A-.

C.L. King Underwrites Tax-Exempt Pollution Control Revenue Refunding Bonds

C.L. King acted as Underwriter for The Pollution Control Financing Authority of Salem County’s $23.15mm Pollution Control Revenue Refunding Bonds (Series 2020) due 06/01/2029 for the Atlantic City Electric Company project.

Atlantic City Electric Company is a subsidiary of Exelon Corporation (NYSE:EXC). This issue is rated A2/A.

C.L. King Co-Manages $1.15 Billion Lockheed Martin Bond Offering

C.L. King acted as Co-Manager for Lockheed Martin Corporation in its $1.15bn 2-part Senior Unsecured Notes offering including 1.85% $400mm notes due 6/15/30 and 2.8% $750mm notes due 6/15/50.

This issue is rated A3/A-/A-.

C.L. King Co-Manages $2 Billion NextEra Bond Offering

C.L. King acted as Jr. Co-Manager for NextEra Energy Capital Holdings Inc. in its $2bn 2.25%, Debentures, Series due 6/1/30.

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

C.L. King Co-Manages $25 Billion Boeing Bond Offering

C.L. King acted as Jr. Co-Manager for Boeing Company in its $25bn 7-part Senior Notes offering including 4.508% $3bn notes due 5/1/23, $3.5bn 4.875% notes due 5/1/25,and $2bn 5.04% notes due 5/1/27. They also issued $4.5bn 5.15% notes due 5/1/30, $3bn 5.705% notes due 5/1/40, $5.5bn 5.805% notes 5/1/50 and $3.5bn 5.93% notes due 5/1/60.

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

C.L. King Co-Manages $1.25 Billion New York Life Bond Offering

C.L. King acted as Co-Manager for New York Life Insurance Co., in its $1.25bn 3.75% Surplus Notes offering due 5/15/50.

This issue is rated Aa2/AA-/AA.

C.L. King Co-Manages $750 Million Ally Financial Bond Offering

C.L. King acted as Co-Manager for Ally Financial Inc, in its $750mm 5.80% Senior Notes offering due 5/01/25.

This issue is rated BBB-/BBB-

C.L. King Co-Manages Citigroup’s $4 Billion Bond Offering

C.L. King acted as Co-Manager for Citigroup Inc. in its $4bn 4.412% 11NC10 Fixed-to-Floating Senior Notes due 3/31/31.

This issue is rated A3/BBB+/A.

C.L. King Co-Manages $6 Billion Walt Disney Bond Offering

C.L. King acted as Jr. Co-Manager for The Walt Disney Company in its 5-part Senior Notes offering including 3.350% $1.75bn notes due 3/24/25, $500mm 3.7% notes due 3/23/27, $1.25bn 3.8% notes due 3/22/30, $750mm 4.625% notes due 3/23/40 and $1.75bn 4.7% notes due 3/23/50.

This issue is rated A2/A/A

C.L. King Co-Manages $465 Million Ameren Missouri Bond Offering

C.L. King acted as Co-Manager for Union Electric Company, doing business as Ameren Missouri in its 2.95% $465mm 10 year First Mortgage Bonds due 3/15/30.

This issue is rated A2/A.

C.L. King Co-Manages $550 Million Duke Energy Indiana Bond Offering

C.L. King acted as Jr. Co-Manager for Duke Energy Indiana, LLC in $550mm First Mortgage Bonds, Series ZZZ, 2.75% due 4/01/50.

This issue is rated Aa3/A.

C.L. King Co-Manages $1.1 Billion SoCal Edison Bond Offering

C.L. King acted as Co-Manager for Southern California Edison in 2-Part $1.1bn First and Refunding Mortgage Bonds including $400mm 2.25% due 06/01/30 and $700mm 3.65% due 02/01/50.

This issue is rated A3/A-/BBB+.  Southern California Edison is a subsidiary of Edison International.

C.L. King Selected as Junior Structuring Agent on Verizon Formosa Bond

C.L. King acted as Jr. Structuring Agent for Verizon’s $2.38bn Formosa Bond offering of 3.6% Notes due 2060.

This issue was rated Fitch A-.

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 Citigroup’s $2.25 Billion Bond Offering

C.L. King acted as a Jr. Co-Manager for Citigroup Inc. in its $2.25bn 2.666% 11NC10 Fixed-to-Floating Senior Notes due 1/29/31.

This issue is rated A3/BBB+/A.

C.L. King Acted as Underwriter on AT&T’s $1.2 Billion Preferred Stock Offering

C.L. King acted as Underwriter for AT&T Inc. in its $1.2bn 5.00% Series A Perpetual Preferred Stock offering of 48,000,000 depositary shares with an offering price of $25 per share.

This issue is rated Ba1/BB+/BBB.

C.L. King Co-Manages $1.2 Billion Charter Communications High Yield Bond Re-Opening

C.L. King acted as Co-Manager for CCO Holdings, LLC and CCO Holdings Capital Corp. for 4.75% $1.2bn Senior Note issuance due 03/01/30.
This is a Re-Opening of October 2019 4.75% $1.35bn Senior Note Issuance and the additional Re-Opening of October 24th 2019 4.75% $500mm.
The issue is rated B1/BB/BB+.

C.L. King Co-Manages $750 Million Mastercard Notes Offering

C.L. King acted as Co-Manager for Mastercard Incorporated in its $750mm 2.00% Notes due 03/03/25.

This issue is rated A1/A+.