Transactions

C.L. King acted as Joint Book-Running Manager Duke Energy Florida’s $200 Million Bond Offering

C.L. King acted as Joint Book-Running Manager for Duke Energy Florida on its $200mm Series A Floating Rate Senior Notes due 11/26/21, priced at 3mL+25.

This issue is rated A3/A-. Duke Energy Florida is a subsidiary of Duke.

C.L. King Co-Manages €1.6 Billion Eli Lilly’s Note Offering

C.L. King acted as Co-Manager for Eli Lilly and Company in its €1.6bn 2-part notes offering including 12 year 0.625% €600mm notes due 11/1/31 and 30 year 1.700% €1bn notes due 11/1/49.
This issue is rated A2/A+.

C.L. King Co-Manages $1 Billion NextEra Energy’s Debenture Offering

C.L. King acted as Jr. Co-Manager for NextEra Energy Capital Holdings Inc. in $1bn 2.75% 10 year debenture due 11/1/29.

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

C.L. King acts as Co-Manager for $300 Million Patrick Industries, Inc. Bond Offering

C.L. King acted as Co-Manager for Patrick Industries, Inc. (NASDAQ: PATK) in its $300mm 7.50% Senior Notes due 2027.

This issue is rated B3/B+. 

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

C.L. King acted as Co-Manager for a Georgia Power Company $750mm 2-part Global Senior Notes offering including 2.2% $400mm notes due 9/15/24 and 2.65% $350mm notes due 9/15/29. Issue is rated Baa1/A-/A-. 

Georgia Power Company is a subsidiary of Southern Company (NYSE: SO).

C.L. King Co-Manages $300 Million Arizona Public Service Company Bond Offering

C.L. King acted as Co-Manager for Arizona Public Service Company in its $300mm 2.60% Senior Bond Offering due 08/15/2029. The issue is rated A2/A-/A.  Arizona Public Service Company is a subsidiary of Pinnacle West Capital Corp

CL King Co-Manages $3.5 Billion CVS Health Corp Bond Offering

C.L. King acted as a Co-Manager for CVS Health Corp in its $3.5bn 3-part Senior Notes offering including 2.625% $1bn notes due 8/15/24, 3.000% $750mm notes due 8/15/26 and 3.250% $1.75bn notes due 8/15/29.  This issue is rated Baa2/BBB.

C.L. King Co-Manages $1.2 Billion Southern California Edison Bond Offering

C.L. King acted as Co-Manager for Southern California Edison in $1.2bn 2-part First and Refunding Mortgage Bonds including $400mm 2.375% due 08/01/2029 and $800mm 3.0% due 04/01/2047.

The issue is rated A3/A-/BBB+.

Southern California Edison is a subsidiary of Edison International.

C.L. King Acted as Selling Group Member on Allstate’s $1.15 Billion Preferred Stock Offering

C.L. King acted as Selling Group for Allstate in its $1.15bn 5.10% Series H Non-Cumulative Perpetual NC5 Preferred Stock offering of 46,000,000 depositary shares with an offering price of $25 per share.

The issue is rated Baa2/BBB.

C.L. King Acts as Jr. Co-Manager for Boeing Company 6-Part Fixed Income Debt Offering

C.L. King acted as a Jr. Co-Manager for Boeing Company 2.7% $1bn Senior Notes due 2/01/2027.

The issue is rated A2/A/A.

C.L. King Co-Manages $2.5 Billion Bank of America Bond Offering

C.L. King acted as a Jr. Co-Manager for Bank of America in its $2.5Bn 11NC10 Fixed-to-Floating Senior Notes due 7/23/30.

The issue is rated A2/A-/A+

CL King Co-Manages $2 Billion Fannie Mae Benchmark Notes

C.L. King acted as Co-Manager on Fannie Mae’s $2bn global offering of 1.750% Benchmark Notes due 7/2/24.  This issue is rated Aaa/AAA/A.

C.L. King Underwrites Pepco’s Pollution Control Revenue Refunding Bond

CL King acted as underwriter on $109.5 MM Maryland Economic Development Corporation Pollution Control Revenue Refunding Bonds with Potomac Electric Power Company, a subsidiary of Exelon Corporation(NYSE: EXC), due 9/01/22.

C.L. King acts as Co-Manager for $750 Million Charter Communications Bond Offering

C.L. King acted as a Co-Manager for CCO Holdings, LLC and CCO Holdings Capital Corp. in the aggregate principal amount of $750 MM 5.375% Senior Notes Add-on issuance due 06/01/29.

The issue is rated B1/BB/BB+.

C.L. King Acts as Co-Manager for Wells Fargo’s $1.5 Billion Floating Rate Notes

C.L. King acted as a Co-Manager for Wells Fargo Securities, LLC on their $1.5Bn Senior Redeemable Floating Rate Notes due 05/21/21.

The issue is rated Aa2/A+/AA-

C.L. King Acted as Co-Manager on Spire Inc.’s $250 Million Preferred Stock Offering

C.L. King acted as Co-Manager for Spire Inc. in its $250 MM 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock offering of 10,000,000 depositary shares with an offering price of $25 per share.

The issue is rated Ba1/BBB/BBB-.

C.L. King Co-Manages $750 Million Charter Communications Bond Offering

C.L. King acted as a Co-Manager for CCO Holdings, LLC and CCO Holdings Capital Corp. in the aggregate principal amount of $750 MM 5.375% Senior Notes offering due 06/01/29.

The issue is rated BB/BB+/BB.

C.L. King Acts as Co-Manager for Boeing Company 5-Part Bong Offering

C.L. King acted as a Co-Manager for Boeing Company on their 3 year tranche which was $600 MM 2.700% Senior Notes due 05/01/22.

The issue is rated A2/A/A

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

C.L. King acted as a Co-Manager for Walmart Inc. in its $4 Bn 3-part Senior Notes offering including 2.85% $1.5 Bn notes due 7/08/24, 3.05% $1.25 Bn notes due 7/08/26 and 3.25% $1.25 Bn notes due 7/08/29.  The issuer is rated Aa2/AA.

C.L. King selected as Junior Co-Dealer Manager for Verizon Bond Tender Offer

CL King acted as Junior Co-Dealer Manager on Verizon’s $3 billion cash tender offers for 15 series of its outstanding debt.