Transactions

C.L. King Co-Manages $700 Million AutoNation Bond Offering

C.L. King acted as Co-Manager for AutoNation Inc. in its $700M 3.85% 10yr senior notes offering due 3/1/32. (NYSE:AN).

This issue is rated Baa3/BBB-.

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

C.L. King acted as Co-Manager for Wells Fargo & Co in its $3.5B 3.35% 11NC10 Fixed to Floating Rate senior notes offering due 3/2/33. (NYSE:WFC).

This issue is rated A1/BBB+.

C.L. King Acted as Selling Group Member on US Bancorp’s $450 Million Preferred Stock Offering

C.L. King acted as Selling Group Member for U.S. Bancorp in its $450M 4.5% PerpNC5 Non-Cumulative Preferred Stock, Series O, offering of 18,000,000 depositary shares with an offering price of $25 per share.

The issue is rated A3/BBB/BBB+.

C.L. King engagement in recent SMP Share Repurchase

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

C.L. King acted as Co-Manager for Mondelez International, Inc. in its $2B 3-part senior notes offering consisting of $500M 2.125% 2yr notes due 3/17/24, $750M 2.625% 5yr notes due 3/17/27 and $750M 3.0% 10yr notes due 3/17/32. (NASDAQ:MDLZ).  This issue is rated Baa1/BBB

C.L. King Co-Manages $325 Million Tucson Electric Power Bond Offering

C.L. King acted as Co-Manager for Tucson Electric Power Company in its $325M 3.25% 10yr senior notes offering due 5/15/32. Tucson Electric Power Company is a wholly owned subsidiary of Fortis Inc. (NYSE:FTS).

This issue is rated A3/A-.

C.L. King Co-Manages $2 Billion Ford Motor Credit High Yield Bond Offering

C.L. King acted as Co-Manager for Ford Motor Credit Co LLC, in its $2B 2-part Senior Unsecured Notes offering including 2.30% $1.25B due 2/10/25 and 2.90% $750M due 2/10/29.

C.L. King Acted as Co-Manager on Bank of America’s $700 Million Preferred Stock Offering

C.L. King acted as Co-Manager for Bank of America in its $700M 4.75% PerpNC5 Non-Cumulative Preferred Stock, Series SS, offering of 28,000,000 depositary shares with an offering price of $25 per share.

The issue is rated Baa3/BBB-/BBB.

C.L. King engagement in recent Innospec Share Repurchase

C.L. King Co-Manages TPG Initial Public Offering

C.L. King participated as Co-Manager in the initial public offering of TPG Inc. The offering of 37,290,000 shares after exercising the greenshoe in full raised $1.1B and priced at $29.5 per share. The stock is listed on NASDAQ under the ticker TPG.

C.L. King Co-Manages $2.6 Billion Toyota Motor Bond Offering

C.L. King acted as Co-Manager for Toyota Motor Credit Corp in its $2.6B 4-part Senior Unsecured Notes offering including $300M Floating Rate Notes due 1/13/25 (SOFR+32), 1.45% $1.15B due 1/13/25, 1.90% $750M due 1/13/27, and 2.40% $400M due 1/13/32.

This issue is rated A1/A+.

C.L. King Co-Manages $2.5 Billion Florida Power & Light Bond Offering

C.L. King acted as Jr. Co-Manager for Florida Power & Light Company in its $2.5B 2-part senior notes offering. Consisting of $1B 2NC6mo Floating Rate Notes due 1/12/24 (SOFR+38) rated A1/A/A+ and $1.5B 2.45% 10yr First Mortgage Bonds due 2/3/32 rated Aa2/A+/AA-.

Florida Power & Light Company is a wholly owned subsidiary of NextEra Energy, Inc. (NYSE:NEE)

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

C.L. King acted as Jr. Co-Manager for Citigroup Inc in its $3B 3.057% 11NC10 Fixed to Floating Rate Senior Notes offering due 1/25/33. This was part of a $5.5B 3-part Senior Unsecured Notes offering including $500M 4NC3 Floating Rate Social Notes due 1/25/26 (SOFR+69.4) and $2B 2.014% 4NC3 Social Notes due 1/25/26. (NYSE: C).

This issue is rated A3/BBB+.

C.L. King engagement in AutoNation Share Repurchase

C.L. King Co-Manages $258.75 Million Patrick Industries Convertible Offering

C.L. King acted as Co-Manager for Patrick Industries, Inc. in its 1.75% $258.75M 144A Convertible Senior Notes offering due 2028. (NASDAQ: PATK).

This issue is rated B3/B+.

C.L. King Joint-Leads $2 Billion Bank of America Sustainability Bond Offering

C.L. King acted as Joint Book-Running Manager for Bank of America Corporation in its $2B 1.53% 4nc3 Senior Unsecured Sustainability Bond Offering due 12/6/25.   (NYSE: BAC). This issue is rated A2/A-.

C.L. King engagement in Wendy’s Share Repurchase

C.L. King Co-Manages $8 Billion Merck Bond Offering

C.L. King acted as Co-Manager for Merck & Co in its $8B 5-part Senior Unsecured Notes offering including 1.70% $1.5B due 6/10/27, 1.90% $1B due 12/10/28, 2.15% $2B due 12/10/31, 2.75% $2B due 12/10/51, and 2.90% $1.5B due 12/10/61. (NYSE: MRK).  This issue is rated A1/A+

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 8,000,000 shares raised $76M and priced at $9.5 per share. The stock is listed on NYSE under the ticker ECVT.

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

C.L. King acted as Co-Manager for Barclays PLC in its $1.25B 2.294% 11NC10 Fixed Rate Resetting Senior Notes offering due 11/24/32.  This was part of a $4B 3-part Senior Unsecured Notes offering including $1.75B 2.279% 6nc5 Notes due 11/24/27 and $1B 3.33% 21nc20 Notes due 11/24/42. (NYSE: BCS).

This issue is rated Baa2/BBB/A.