Transactions

C.L. King Participates in ION Acquisition Corp. Initial Public Offering

C.L. King was invited as Selling Group member in the initial public offering for ION Acquisition Corp. The offering of 22 million shares priced at $10 per share raised $220M.

The share is listed on NYSE under the ticker IACC

C.L. King Participates in Switchback II Corporation Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Switchback II Corporation. The offering of 27.5 million shares at $10 per share raised $275M.

The share is listed on the NYSE under the ticker SWB

C.L. King Co-Leads Empowerment & Inclusion Capital I Corp’s Initial Public Offering

C.L. King acted as Joint Book-Running Manager in the initial public offering of Empowerment & Inclusion Capital I Corp. The upsized offering of 27,600,000 units raised $276mm and priced at $10 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The stock is listed on NYSE under the ticker EPWR.U.

C.L. King Co-Manages $3 Billion T-Mobile High Yield Bond Offering

C.L. King acted as Co-Manager for T-Mobile USA, Inc. in its 3-part $3B Senior Unsecured Notes offering including $1B 5nc2 2.25% notes due 2/15/2026, $1B 8nc3 2.625% notes due 2/15/29 and $1B 10nc5 2.875% notes due 2/15/2031.  This issue is rated Ba3/BB

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

C.L. King participated as Co-Manager in the initial public offering of Petco Health and Wellness Inc. The offering of 55,200,000 shares raised $993.6M and priced at $18 per share. The stock is listed on NASDAQ under the ticker WOOF.

C.L. King Co-Manages Wells Fargo’s Preferred Stock Offering

C.L. King acted as Jr. Co-Manager for Wells Fargo & Company in its $1,000 par perpnc5 $3.51B 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB. The company offered 3,510,000 depositary preferred shares.

This issue was rated Baa2/BB+/BBB.

C.L. King Participates in DiamondHead Holdings Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for DiamondHead Holdings. The offering of 30 million shares at $10 per share raised $300M.

The share is listed on Nasdaq

C.L. King Participates in Shoals Technologies Group Inc. Initial Public Offering

C.L. King was invited as Selling Group member in the initial public offering for Shoals Technologies Group Inc. The offering of 77 million shares priced at $25 per share raised $1.9B.

The share is listed on Nasdaq under the ticker SHLS.

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

C.L. King participated as Co-Manager in the initial public offering of Sprinklr, Inc. The offering of 16,625,000 shares raised $266M and priced at $16 per share. The stock is listed on NYSE under the ticker CXM.

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

C.L. King participated as Co-Manager in the initial public offering of Airbnb. The offering of 56,323,531 shares raised $3.83B and priced at $68 per share. The stock is listed on NASDAQ under the ticker ABNB.

C.L. King engagement in SMP Share Repurchase

C.L. King Co-Manages $1.1 Billion Republic Services Bond Offering

C.L. King acted as Co-Manager for Republic Services, Inc. in its 2-part $1.1B Senior Unsecured Notes offering of $350mm 0.875% notes due 11/15/25 and $750mm 1.750% notes due 2/15/32.

This issue is rated Baa2/BBB+/BBB.

C.L. King Participates in Dragoneer Growth Opportunities Corp. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Dragoneer Growth Opportunities Corp. The offering of 24 million share priced at $10 per share raised $240M.

The share is listed on Nasdaq under the ticker DGNS

C.L. King Participates in Population Health Investment Co. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Population Health Investment Co. The offering of 15 million shares priced at $10 per share raised $150M.

The share is listed on Nasdaq under the ticker PHICU.

C.L. King Co-Manages $1.2 Billion Allstate Bond Offering

C.L. King acted as Co-Manager for The Allstate Corporation in its 2-part $1.2B Senior Unsecured Notes offering including $600M 0.75% notes due 12/15/2025 and $600M 1.45% notes due 12/15/2030.  This issue is rated A3/A-/BBB+.

C.L. King Co-Manages Reinvent Technology Partners Z’s Initial Public Offering

C.L. King participated as Co-Manager in the initial public offering of Reinvent Technology Partners Z. The offering of 23,000,000 units raised $230mm and priced at $10 per unit. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant. The stock is listed on NYSE under the ticker RTPZ.U.

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

C.L. King Participates in Consonance-HFW Acquisition Corp. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Consonance-HFW Acquisition Corp. The offering of 8 million shares priced at $10 per share raised $80M.

The share is listed on the NYSE under the ticker CHFW.U

C.L. King Underwrites Tax-Exempt Pollution Control Revenue Refunding Bonds

C.L. King acted as Underwriter for The Pollution Control Financing Authority of Salem County’s $23.15mm Pollution Control Revenue Refunding Bonds (Series 2020) due 06/01/2029 for the Atlantic City Electric Company project.

Atlantic City Electric Company is a subsidiary of Exelon Corporation (NYSE:EXC). This issue is rated A2/A.

C.L. King Participates in Empower Ltd. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Empower Ltd. The offering of 25 million shares priced at $10 per share raised $250M.

The share is listed on the NYSE under the ticker EMPW.U