Transactions

C.L. King Co-Manages $1.35 Billion KeyCorp Bond Offering

C.L. King acted as Co-Manager for KeyCorp in its $1.35B 2-part offering consisting of $600M 3.878% 3NC2 Fixed-to-Floating Senior Notes due 5/23/25 and $750M 4.789% 11NC10 Fixed-to-Floating Senior Notes due 6/1/33. (NYSE: KEY).

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

C.L. King Co-Manages $1.6 Billion BMO Bond Offering

C.L. King acted as Co-Manager for Bank of Montreal in its $1.6B 2-part offering consisting of 3yr $1.3B 3.7% 3NC2 Fixed Notes due 6/7/25 and 3yr $300M Floating Rate Senior Notes due 6/7/2025 (SOFR+106). (NYSE:BMO).

This issue is rated A2/A-.

C.L. King Co-Manages $400 Million Piedmont Natural Gas Bond Offering

C.L. King acted as Co-Manager for Piedmont Natural Gas Company, Inc. in its $400M 5.05% 30yr Senior Notes due 5/15/52. Piedmont Natural Gas is a wholly-owned subsidiary of Duke Energy (NYSE: DUK).

This issue is rated A3/BBB+.

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

C.L. King acted as Jr. Co-Manager for Citigroup, Inc in its $1.5B 4.658% 6NC5 Fixed to Floating Rate Notes due 5/24/28 and $2.5B 4.91% 11NC10 Fixed to Floating Rate Notes due 5/24/33.This was part of a $6B 4-part Senior Unsecured Notes offering which also included $500M 3NC2 Floating Rate Senior Notes due 5/24/25 (SOFR+137.2) and $1.5B 4.14% 3NC2 Fixed to Floating Rate Notes due 5/24/25 (NYSE:C).

This issue is rated A3/BBB+/A.

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

C.L. King acted as Co-Manager for HSBC USA, Inc in its $1B 3.75% 2yr Fixed senior notes offering due 5/24/22. (NYSE:HSBC).

This issue is rated A1/A-.

C.L. King Co-Manages Southern California Edison $1.25 Bond Offering

C.L. King acted as Co-Manager for Southern California Edison Company in its $1.25B 3-part offering consisting of $300M 4.2% First and Refunding Mortgage Bonds, due 6/1/25, $600M 4.7% First and Refunding Mortgage Bonds, due 6/1/27, and $350M 5.45% First and Refunding Mortgage Bonds, due 6/1/52. (NYSE:EIX).

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

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

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C.L. King acted as Co-Manager for HSBC Holdings PLC in its $3.5B 2-part offering consisting of $1.25B 3.186% 3NC2 Fixed-to-Floating Rate Notes due 12/9/25 and $2.25B 4.755% 6NC5 Fixed-to-Floating Rates Notes due 6/9/2028. (NYSE:HSBC).

This issue is rated A3/A-.

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

C.L. King acted as Co-Manager for Vistra Operations Co LLC in its $1.5B 2-part offering consisting of $400M 4.875% 2NC1 144A/Reg S Senior Secured Notes due 5/13/24 and $1.1B 5.125% 3yr 144A/Reg S Senior Secured Notes due 5/13/25. (NYSE: VST).

This issue is rated Baa3/BBB-.

C.L. King Co-Manages $8.5 Billion JPMorgan Chase & Co Bond Offering

C.L. King acted as Co-Manager for JPMorgan Chase & Co. in its $8.5B 4-part offering consisting of $3B 4.080% 4NC3 Fixed to Floating Rate Notes due 4/26/26, $500M (SOFR+132) 4NC3 Fixed Rate Notes due 4/26/26, $3B 4.323% 6NC5 Fixed to Floating Rate Notes due 4/26/28, and $2B 11NC10 Fixed to Floating Rate Notes due 4/26/33.

This issue is rated A1/BBB+.

C.L. King Co-Manages $7 Billion Morgan Stanley Bond Offering

C.L. King acted as Co-Manager for Morgan Stanley, Inc in its $2B 3.62% 3NC2 Fixed Senior Rate Notes due 4/17/25 and $500M (SOFR+116.5) 3NC2 Floating Rate Notes due 4/17/25. These issues are rated A1/BBB+.

This was part of a $7B 4-part Senior Unsecured Notes offering which also included $2.5B 6NC5 Floating Rate Senior Notes due 4/20/28 4.21% and $2B 5.297% 15NC10 Fixed to Floating Rate Notes due 4/20/27

C.L. King Co-Manages $400 Million Avista Bond Offering

C.L. King acted as Co-Manager for Avista Corporation in its $400M 4.0% 30yr senior notes offering due 4/1/52.

This issue is rated A3/A-.

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

C.L. King acted as Senior Co-Manager for Citigroup Inc in its $2.25B 2-part $500M 4NC3 Floating Rate Senior Notes due 3/17/26 (SOFR+152.8) and $1.75B 3.29% 4NC3 Fixed to Floating Rate Senior Notes due 3/17/26. This was part of a $5.25B 3-part Senior Unsecured Notes offering including $3B 3.785% 11NC10 Fixed to Floating Rate Senior Notes due 3/17/33. (NYSE: C).

This issue is rated A3/BBB+

C.L. King Co-Manages $900 Million Duke Energy Progress Bond Offering

C.L. King acted as Co-Manager for Duke Energy Progress, LLC in its $900M 2-part offering consisting of $500M 3.40% 10yr Sustainable First Mortgage Bonds due 4/1/32 and $400M 4.0% 30yr Sustainable First Mortgage Bonds due 4/1/52. (NYSE:DUK)

This issue is rated Aa3/A

C.L. King Co-Manages $525 Million Ameren Missouri Bond Offering

C.L. King acted as Co-Manager for Union Electric Company, doing business as Ameren Missouri in its $525M 3.9% 30yr First Mortgage Green Bonds offering due 4/1/52. (NYSE:AEE).

This issue is rated A2/A/A

C.L. King Co-Manages $500 Million Wendy’s WBS

C.L. King acted as Placement Agent for Wendy’s Funding, LLC in its $500M 144A/Reg S Series 2022-1 2-part Senior Secured Notes transaction including $100M 4.236% Notes, Class A-2-I due 3/2052 and $400M 4.535% Notes, Class A-2-II due 3/2052. These issues were rated BBB.

C.L. King engagement in recent Stepan Share Repurchase

C.L. King Co-Manages $250 Million Xometry Convertible Offering

C.L. King acted as Co-Manager for Xometry, Inc. in its 1.0% $250M 144A Convertible Senior Notes offering due 2027. (NASDAQ: XMTR).

This issue is not rated.

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

C.L. King acted as Co-Manager for Enbridge Inc. in its $1.5B 3-part senior notes offering consisting of $400M 2.15% 2yr notes due 2/16/24, $600M 2yr Floating Rate notes due 2/16/24 (SOFR+63) and $500M 2.5% 3yr notes due 2/14/25. (NYSE:ENB).  This issue is rated Baa1/BBB+.

C.L. King Co-Manages €750 Million Mastercard Bond Offering

C.L. King acted as Co-Manager for Mastercard Incorporated in its €750M 1.0% 7yr senior notes offering due 2/22/29. (NYSE:MA).

This issue is rated A1/A+.

C.L. King Co-Manages $3 Billion Citigroup Bond Offering

C.L. King acted as Co-Manager for Citigroup Inc in its $3B 2-part senior notes offering consisting of $2.5B 3.07% 6NC5 Fixed to Floating Rate notes due 2/24/28 and $500M 6NC5 Floating Rate notes due 2/24/28 (SOFR+128). (NYSE: C).  This issue is rated A3/BBB+.