Transactions

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.

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

C.L. King participated as Co-Manager in the initial public offering of Rivian Automotive, Inc. The offering of 175,950,000 shares raised $13.7B and priced at $78 per share. The stock is listed on NASDAQ under the ticker RIVN.

C.L. King Co-Manages Custom Truck One Source Secondary Offering

C.L. King participated as Co-Manager in the secondary offering of Custom Truck One Source Inc. The offering of 12,322,975 shares raised $104.7M and priced at $8.5 per share. The stock is listed on NYSE under the ticker CTOS.

C.L. King Co-Manages $1.15 Billion Duke Energy Florida Bond Offering

C.L. King acted as Co-Manager for Duke Energy Florida LLC in its $1.15B 2-part First Mortgage “Green” Bonds offering including 2.40% $650M due 12/15/31 and 3.00% $500M due 12/15/51. (NYSE: DUK).

This issue is rated A

C.L. King Co-Manages $1 Billion Ford Motor Credit ABS

C.L. King acted as Co-Manager for Ford Motor Credit Company LLC in its $1B Ford Credit Auto Owner Trust 2021-REV2 1.53% Class A Senior Notes offering due 5/15/34.

This was part of a transaction which also included associated 144A/Reg S subordinated $41.2M 1.91% Class B Notes due 5/15/34, $41.2M 2.11% Class C Notes due 5/15/34 and $27.5M 2.6% Class D Notes due 5/15/34.

The Class A notes were rated Aaa/AAA, the Class B notes were rated Aa1/AA, the Class C notes were rated A1/A and the Class D notes were rated Baa3/BBB.

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

C.L. King participated as Co-Manager in the initial public offering of Allbirds, Inc. The offering of 23,221,152 shares raised $348.3M and priced at $15 per share. The stock is listed on NASDAQ under the ticker BIRD.

C.L. King Co-Manages Bridge Investment Group Initial Public Offering

C.L. King participated as Co-Manager in the initial public offering of Bridge Investment Group Holdings, Inc. The offering of 18,750,000 shares raised $300M and priced at $16 per share. The stock is listed on NYSE under the ticker BRDG.

C.L. King Co-Manages $3.25 Billion Bank of America Bond Offering

C.L. King acted as Co-Manager for Bank of America Corporation in its $3.25B 2.572% 11nc10 Fixed to Floating Rate Senior Notes offering due 10/20/32. (NYSE: BAC).   This issue is rated A2/A-.

C.L. King Co-Manages TaskUs’ Follow-On Offering

C.L. King participated as Co-Manager in the Follow-On offering of TaskUs, Inc. The offering of 12,077,480 shares raised $766.9M and priced at $63.5 per share. The stock is listed on NASDAQ under the ticker TASK.

C.L. King engagement in Merck Share Repurchase

C.L. King Co-Manages Solo Brands Initial Public Offering

C.L. King participated as Co-Manager in the initial public offering of Solo Brands, Inc. The offering of 12,903,225 shares raised $219.4M and priced at $17 per share. The stock is listed on NYSE under the ticker DTC.



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

C.L. King acted as Co-Manager for Citigroup Inc in its $1B 1.281% 4nc3 "Social" Fixed to Floating Rate Senior Notes offering due 11/03/25.  This was part of a $4B 3-part Senior Unsecured Notes offering including 2.520% $1.75B 11nc10 Notes due 11/03/32 and 2.904% $1.25B 21nc20 Notes due 11/03/42. (NYSE: C).