Transactions

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.

C.L. King Co-Manages $1.25 Billion GM Financial Bond Offering

C.L. King acted as a Co-Manager for General Motors Financial Company, Inc. in its $1.25 Billion 3.550% long 3-year fixed rate Senior Notes due 7/08/2022.

The issue is rated Baa3/BBB.

C.L. King Co-Manages $750 Million Barclays PLC’s Bond Offering

C.L. King acted as a Co-Manager for Barclays PLC in its $750 Million 4.610% 4NC3 Fixed-to-Floating Rate Senior Notes due 2023.

This tap issue is consolidated with and forms a single series with the $1.75 Billion aggregate principal amount of 4.610% Fixed-Floating Rate Senior Notes

due 2023 issued on November 15, 2018 for a total of $2.5 Billion.

The issuer is rated Baa3/BBB.

C.L. King Acted as Jr. Co-Manager for Duke Energy Corp’s $1 Billion Preferred Stock Offering

C.L. King acted as Jr. Co-Manager for Duke Energy Corp's in its $1B Depositary Shares of 5.75% Series A Cumulative Redeemable Perpetual NC5 Preferred Stock.

The issue is rated Baa3/BBB and guaranteed by Duke Energy Corp.

C.L. King Co-Manages $1 Billion Citibank, N.A. Bond Offering

C.L. King acted as Co-Manager for Citibank, N.A. in a $1Bn 3(a)2 exempt 2NC1 Floating Rate Notes SOFR issuance due 3/13/2021.

The issue is rated Aa3/A+/A+ .

C.L. King acted as Underwriter for NextEra Energy’s $600 Million Junior Subordinated Debenture Offering

C.L. King acts as Underwriter for NextEra Energy Capital Holdings Inc. in its $600mm Series N 60NC5 Junior Subordinated Debentures due March 1, 2079.

The issue is rated Baa2/BBB and guaranteed by NextEra Energy Inc

C.L. King Co-Manages $500 Million Delta Air Lines, Inc. 2019-1 EETC Pass Through Certificates

C.L. King acted as a Co-Manager for Delta Air Lines, Inc. in its $500mm 2-part Class AA Pass Through Certificates, Series 2019-1 (Aa3/A+ expected) and Class A Pass Through Certificates, Series 2019-1 (A3/A- expected)due October 25, 2025.

The issuer is rated Baa3/BB-.