Transactions

C.L. King engagement in recent AdvanSix Share Repurchase

C.L. King engagement in recent Stepan Share Repurchase

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 engagement in recent MGM Resorts Share Repurchase

C.L. King engagement in recent AdvanSix Share Repurchase

C.L. King engagement in recent SMP Share Repurchase

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 $2 Billion Raytheon Technologies Bond Offering

C.L. King acted as Co-Manager for Raytheon Technologies Corp in its $2B 2-part Senior Notes offering including 1.90% $1B Senior Unsecured Notes due 9/1/31 and 2.82% $1B Senior Unsecured Notes due 9/1/51. (NYSE: RTX). This issue is rated Baa1/A-.

C.L. King engagement in recent Stepan Share Repurchase

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 Ecovyst Secondary Offering

C.L. King participated as Co-Manager in the secondary offering of Ecovyst Inc. The offering of 13,000,000 shares raised $113.75M and priced at $8.75 per share. The underwriters have the option to purchase up to an additional 1,950,000 shares. The stock is listed on NYSE under the ticker ECVT.

C.L. King engagement in recent SMP Share Repurchase

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 $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-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 $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 $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 $10 Billion Bank of America Bond Offering

C.L. King acted as Co-Manager for Bank of America in its $10B 3-part offering consisting of $2B 4.827% 4NC3 Fixed to Floating Rate Notes due 7/22/26 and $3B 4.948% 6NC5 Fixed to Floating Rate Notes due 7/22/28 and $5B 5.015% 11NC10 Fixed to Floating Rate Notes due 7/22/33. (NYSE:BAC).

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