Transactions

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+.

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