Transactions

C.L. King Co-Manages McAfee’s Secondary Offering

C.L. King participated as Co-Manager in the secondary offering of McAfee Corp. The offering of 20,000,000 shares raised $450M and priced at $22.50 per share. The stock is listed on NASDAQ under the ticker MCFE.

C.L. King Co-Manages $2 Billion Lowe’s Bond Offering

C.L. King acted as Co-Manager for Lowe's Companies Inc. in its $2B 2-part Senior Unsecured Notes offering including 1.70% $1B due 9/15/28 and 2.80% $1B due 9/15/41. (NYSE: LOW). This issue is rated Baa1/BBB+.

C.L. King Co-Manages Bumble’s Initial Public Offering

C.L. King participated as Co-Manager in the initial public offering of Bumble Inc. The offering of 50,000,000 shares raised $2.15B and priced at $43 per share. The stock is listed on NASDAQ under the ticker BMBL.

C.L. King Co-Manages $2 Billion CCO Holdings High Yield Bond Offering

C.L. King acted as Co-Manager for CCO Holdings LLC / CCO Holdings Capital Corp, in its $2B 144a/Reg S 4.25% 12.5nc6.5 Senior Notes offering due 2034. This issue is rated B1/BB.

C.L. King Co-Manages $450 Million AEP Transmission Bond Offering

C.L. King acted as Co-Manager for AEP Transmission Co in its 2.75% $450M Senior Unsecured Notes due 8/15/51. AEP Transmission Co is a subsidiary of American Electric Power Company (NASDAQ: AEP). This issue is rated A2/A-/A-.

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

C.L. King acted as Co-Manager for Intel Corp in its $5B 5-part Senior Unsecured Notes offering including 1.60% $1B due 8/12/28, 2.00% $1.25B due 8/12/31, 2.80% $750M due 8/12/41, 3.05% $1.25B due 8/12/51, and 3.20% $750M due 8/12/61. (NASDAQ: INTC). This issue is rated A1/A+.

C.L. King engagement in Stepan Share Repurchase

C.L. King engagement in Walmart Share Repurchase

C.L. King engagement in Steve Madden Share Repurchase

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

C.L. King participated as Co-Manager in the initial public offering of Instructure Holdings, Inc. The offering of 14,175,000 shares raised $283.5M and priced at $20 per share. The stock is listed on NYSE under the ticker INST.

C.L. King Participates in $1.78 Billion NextEra Energy Private Placement

C.L. King acted as Placement Agent for Nextera Energy’s 2-part offering of Florida Pipeline Holdings, LLC’s $1.513B 17yr fully amortizing senior secured 4(a)(2) notes, Series A due 2038 and Florida Pipeline Funding, LLC’s $260M 7yr non-amortizing senior secured 4(a)(2) notes, Series A due 2028.
Florida Pipeline Holdings, LLC is an indirect wholly owned subsidiary and Florida Pipeline Funding, LLC is a wholly-owned subsidiary of Nextera Energy (NYSE: NEE).
Florida Pipeline Holdings, LLC issue is rated BBB and Florida Pipeline Funding, LLC. issue is rated BB+.

C.L. King engagement in MGM Resorts Share Repurchase

C.L. King engagement in Steve madden Share Repurchase

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

C.L. King acted as Co-Manager for Duke Energy Corporation in its $3B 4-part Senior Notes offering including $500M Floating Rate Notes due 6/10/23 priced at SOFR+25, $1B 2.55% Senior Notes due 6/15/31, $750M 3.5% Senior Notes due 6/15/41 and $750M 3.5% Senior Notes due 6/15/51. (NYSE: DUK). This issue is rated Baa2/BBB.

C.L. King Co-Manages $4.5 Billion Bank of America Bond Offering

C.L. King acted as Co-Manager for Bank of America Corporation in its $4.5B 2-part Senior Notes offering including $1.5B 0.523% 3nc2 Fixed to Floating Rate Notes due 6/14/24 and $3B 2.087% 8nc7 Fixed to Floating Rate Notes due 6/14/29. (NYSE: BAC). This issue is rated A2/A-.

C.L. King Co-Manages $600 Million Alabama Power Bond Offering

C.L. King acted as Co-Manager for Alabama Power Company in its Senior Notes offering $600M 3.125% notes due 6/15/51. Alabama Power Company is a wholly-owned subsidiary of the Southern Company (NYSE: SO). This issue is rated A1/A-/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 2.15% $525M First Mortgage Green Bonds due 3/15/32. Ameren Missouri is a subsidiary of Ameren Corp (NYSE: AEE).  This issue is rated A2/A.

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

C.L. King participated as Co-Manager in the initial public offering of TaskUs, Inc. The offering of 15,800,000 shares raised $349.14M and priced at $23 per share. The stock is listed on NASDAQ under the ticker TASK.

C.L. King Co-Manages $1.1 Billion Wendy’s WBS

C.L. King acted as Co-Manager for Wendy’s Funding, LLC in its $1.1B 144A/Reg S Series 2021-1 2-part Senior Secured Notes transaction including $450M 2.37% Notes, Class A-2-I due 6/2051 and $650M 2.775% Notes, Class A-2-II due 6/2051. These issues were rated BBB.

C.L. King Co-Manages $1 Billion Ford Motor High Yield Bond Offering

C.L. King acted as Co-Manager for Ford Motor Credit Co LLC, in its $1B SEC registered 3.625% 10y NCL Senior Notes offering due 6/17/2031. This issue is rated Ba2/BB+/BB+.