Transactions

C.L. King Co-Manages $1 Billion Bank of Nova Scotia Bond Offering

C.L. King acted as Co-Manager for Bank of Nova Scotia in its $1B 5.25% 2yr Notes due 12/06/24 (NYSE:BNS).

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

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

C.L. King acted as Jr. Co-Manager for Credit Suisse Group AG in its $2B 9.016% 11NC10 Fixed-to-Floating Rate Notes due 11/15/33 (NYSE:CS).

This issue is rated Baa2/BBB-/BBB.

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

C.L. King acted as Co-Manager for KeyBank NA in its $1B 5.85% 3a2 5yr Bank Notes due 11/15/27 (NYSE:KEY).

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

C.L. King Co-Manages $2 Billion Bank of America Bond Offering

C.L. King acted as Co-Manager for Bank of America in its $2B 6.204% 6NC5 Fixed-to-Floating Rate Sustainability Bonds due 11/10/28 (NYSE:BAC).

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

C.L. King Co-Manages $1.5 Billion Southern California Edison Bond Offering

C.L. King acted as Co-Manager for Southern California Edison Company in its $1.5B 2-part offering consisting of $750M 5.85% 5yr First and Refunding Mortgage Bonds due 11/1/27 and $750M 5.95% 10yr First and Refunding Mortgage Bonds due 11/1/32. Southern California Edison is a wholly-owned subsidiary of Edison International (NYSE: EIX).

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

C.L. King Co-Manages $1.5 Billion Barclays Bond Offering

C.L. King acted as Co-Manager for Barclays PLC in its $1.5B 7.325% 4NC3 Fixed Rate Resetting Senior Notes due 11/2/26.

This was part of a $5B 3-part Senior Unsecured Notes offering which also included $1.5B 7.385% 6NC5 Fixed Rate Resetting Senior Notes due 11/2/28 and $2B 7.437% 11NC10 Fixed Rate Resetting Senior Notes due 11/2/33 (NYSE:BCS).

These issues were rated Baa2/BBB/A.

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

C.L. King acted as Co-Manager for Cargill, Incorporated in its 144a/Reg S $1.25B 2-part offering consisting of $750M 4.875% 3yr Notes due 10/10/25 and $500M 5.125% 10yr Notes due 10/11/32.

These issues were rated A2/A/A.

C.L. King Co-Manages $1.58 Billion Ford Motor Credit ABS

C.L. King acted as Co-Manager for Ford Motor Credit Company LLC in its $1.58B Ford Prime Auto Loan 2022-C ABS transaction.

The transaction included $304.7M 3.633% Class A-1 notes due 10/15/23, $319M 4.567% Class A-2a notes due 4/15/25, $200M Floating Rate Class A-2b notes due 4/15/25.

Additionally, $519M 4.525% Class A-3 notes due 12/15/26, $157.2M 4.642% Class A-4 notes due 12/15/27, $47.4M 5.084% Class B notes due 2/15/28, and $31.8M 5.284% Class C notes due 3/15/26.

The Class A-1 notes were rated P-1/A-1+, the Class A-2 and A-3 notes were rated Aaa/AAA, the Class B notes were rated Aa1/AA, and the Class C notes were rated A1/A.

C.L. King Co-Manages $3 Billion Toronto-Dominion Bank Bond Offering

C.L. King acted as Co-Manager for Toronto-Dominion Bank in its $3B 2-part offering consisting of $1.5B 4.285% 2yr Notes due 9/13/24 and $1.5B 4.693% 5yr Notes due 9/15/27. (NYSE:TD).

This issue is rated A1/A/AA-.

C.L. King Co-Manages $3.5 Billion JPMorgan Bond Offering

C.L. King acted as Co-Manager for JPMorgan Chase & Co in its $3.5B 5.717% 11NC10 Fixed to Floating Rate Subordinated Notes due 9/14/33.

This issue is rated A3/BBB+/A.

C.L. King Co-Manages $5 Billion Walmart Bond Offering

C.L. King acted as Co-Manager for Walmart Inc. in its $5B 4-part offering consisting of $1.75B 3.9% 3yr Notes due 9/9/25, $1B 3.95% 5yr Notes due 9/9/27, $1.25B 4.15% 10yr Notes due 9/9/32, and $1B 4.5% 30yr Notes due 9/9/52. (NYSE:WMT).

This issue is rated Aa2/AA/AA.

C.L. King Co-Manages $425 Million PECO Energy Bond Offering

C.L. King acted as Co-Manager for PECO Energy Company in its $425M 4.375% 30yr First and Refunding Mortgage Bonds due 8/15/52. PECO Energy is a wholly-owned subsidiary of Exelon Corporation (NASDAQ: EXC).

This issue is rated Aa3/A/A+.

C.L. King Co-Manages $6.25 Billion Credit Suisse Bond Offering

C.L. King acted as Co-Manager for Credit Suisse Group AG in its $6.25B 3-part offering consisting of $1.5B 6.373% 4NC3 Fixed to Floating Rate Notes due 7/15/26, $1.75B 6.442% 6NC5 Fixed to Floating Rate Notes due 8/11/28 and $3B 6.537% 11NC10 Fixed to Floating Rate Notes due 8/12/33. (NYSE:CS).

This issue is rated Baa2/BBB/BBB.

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

C.L. King acted as Co-Manager for Wells Fargo in its $2B 4.54% 4NC3 Fixed to Floating Rate Sustainability Bonds due 8/15/26.

This issue is rated A1/BBB+/A+.

C.L. King Co-Manages $1.5 Billion Charter Communications High Yield Bond Offering

C.L. King acted as Co-Manager for CCO Holdings LLC/CCO Holdings Capital Corp in its $1.5B 144A/Reg S 6.375% 7NC3 Senior Notes offering due 9/1/29.

CCO Holdings LLC/CCO Holdings Capital Corp is a wholly-owned subsidiary of Charter Communications Inc. (NASDAQ: CHTR).

This issue is rated B1/BB-.

C.L. King Co-Manages $4.75 Billion HSBC Bond Offering

C.L. King acted as Co-Manager for HSBC Holdings PLC in its $4.75B 2-part offering consisting of $2.25B 5.21% 6NC5 Fixed-to-Floating Rate Notes due 8/11/28 and $2.5B 5.402% 11NC10 Fixed-to-Floating Rates Notes due 8/11/2033. (NYSE:HSBC).  This issue is rated A3/A-.

C.L. King Co Lead-Manages $2 Billion Barclays Convertible Offering

C.L. King acted as Co Lead-Manager for Barclays PLC in its $2B 8% PerpNC7 Fixed Rate Resetting Subordinated Convertible Notes offering.

This issue is rated Ba2/B+/BBB-.

C.L. King Co-Manages $2.25 Billion General Motors Bond Offering

C.L. King acted as Co-Manager for General Motors Co in its $2.25B 2-part inaugural Green Bond offering consisting of $1B 5.4% 7yr Green Bonds due 10/15/29 and $1.25B 5.6% 10yr Green Bonds due 10/15/32. (NYSE:GM)

This issue is rated Baa3/BBB.

C.L. King Co-Manages $1 Billion Morgan Stanley Preferred Stock Offering

C.L. King acted as Co-Manager for Morgan Stanley in its $1B 6.5% Perpetual Non-Cumulative Preferred Stock, Series P, offering of 40,000,000 depositary shares with an offering price of $25 per share.

The issue is rated Baa3/BBB-/BBB-.

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

C.L. King acted as Co-Manager for Truist Financial Corporation in its $2.5B 2-part offering consisting of $1.5B 4.26% 4NC3 Senior Fixed to Floating Rate Notes due 7/28/26 and $1B 4.916% 11NC10 Subordinated Fixed to Floating Rate Notes due 7/28/33. (NYSE:TFC)  These issues are rated A3/A- and A3/BBB+.