Transactions

C.L. King Participates in Array Technologies, Inc. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Array Technologies, Inc. The offering of 54.6 million shares priced at $22 per share raised $1.2B.

The share is listed on Nasdaq under the ticker ARRY.

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

C.L. King participated as Co-Manager in the initial public offering of Guild Holdings Co. The offering of 6,500,000 shares raised $97.5mm and priced at $15 per share.

The stock is listed on NYSE under the ticker GHLD.

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

C.L. King participated as Co-Manager in the initial public offering of McAfee Corp. The offering of 42,550,000 shares raised $851mm and priced at $20 per share.

The stock is listed on NASDAQ under the ticker MCFE.

C.L. King Participates in MediaAlpha Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for MediaAlpha. The offering of 9.25 million shares priced at $19 per share raised $175.75M.

The share is listed on the NYSE under the ticker MAX.

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

C.L. King participated as Co-Manager in the initial public offering of Ajax I Holdings, LLC. The offering of 80,490,090 units raised $804.9mm and priced at $10 per unit. The 80,490,090 units offered includes 5,490,090 units issued pursuant to the partial exercise of the underwriters’ overallotment option.

The stock is listed on NYSE under the ticker AJAX.U.

C.L. King Co-Manages $500 Million Pershing Square Holdings Bond Offering

C.L. King acted as Co-Manager for Pershing Square Holdings, Ltd. in its $500M(WNG) 144A/3c7/Reg S 10yr Senior Unsecured Notes due 11/15/30.

This issue is rated BBB+/BBB.

C.L. King Co-Manages $4.9 Billion Boeing Bond Offering

C.L. King acted as Jr. Co-Manager for two tranches of The Boeing Company $4.9B 4-part Senior Unsecured Notes including the $1bn 1.950% notes due 2/1/24 and $1.4bn 2.750% notes due 2/1/26. Boeing also issued $1.1bn 3.250% notes due 2/1/28 and $1.4bn 3.625% notes due 2/1/31.

This issue is rated Baa2/BBB-/BBB-.

C.L. King Co-Manages Warner Music Group’s Initial Public Offering

C.L. King acted as Co-Manager in an initial common stock offering by Warner Music Group Corp. The offering of 77 million shares raised $1.925bn and priced at $25 per share.

The stock is listed on NASDAQ under the ticker WMG

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

C.L. King participated as Co-Manager in the initial public offering of Qell Acquisition Corp. The offering of 33,000,000 units raised $330M and priced at $10 per unit. Each unit consists of one share of common stock and one third of a warrant, exercisable at $11.50. The units are listed on NASDAQ under the ticker QELLU.

C.L. King Participates in Root, Inc. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Root, Inc. The offering of 26.8 million shares priced at $27 per share raised $723.6M.

The share is listed on Nasdaq under the ticker ROOT.

C.L. King Co-Manages £1.2 Billion Verizon Bond Offering

C.L. King acted as Co-Manager for Verizon Communications Inc. in its 2-part £1.2B Senior Unsecured Notes offering including £600mm 1.125% notes due 11/3/28 and £600mm 1.875% notes due 11/3/38.

This issue is rated Baa1/BBB+/A-.

C.L. King Participates in Supernova Partners Acquisition Company, Inc. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Supernova Partners Acquisition Company, Inc. The offering of 40.25 million shares priced at $10 per share raised $402.5M.

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

C.L. King Acted as Co-Manager Bank of America’s $1.1 Billion Preferred Stock Offering

C.L. King acted as Co-Manager for Bank of America in its $1.1B 4.375% 20 year Perpetual NC5 Non-Cumulative Preferred Stock, Series NN, offering of 44,000,000 depositary shares at an offering price of $25 per share.

The issue is rated Baa3/BBB-/BBB.

C.L. King Co-Manages $400 Million Arizona Public Service Bond Offering

C.L. King acted as Co-Manager for Arizona Public Service in its $400mm 2.65% Senior Notes ”Green Bond” due 9/15/50. This issue is rated A2/A-/A-. Arizona Public Service is a subsidiary of Pinnacle West Capital Corporation (NYSE: PNW)

C.L. King Participates in Ribbit Capital Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Ribbit Capital. The offering of 35 million shares priced at $10 per share raised $350M.

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

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

C.L. King acted as Co-Manager for Southern Company in $1.25Bn $1,000 Par 4.00% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 1/15/51.
This issue is rated Baa3/BBB/BBB-.

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

C.L. King was invited as Selling Group in the initial public offering for JFrog Ltd. The offering of 11.6 million shares priced at $44 per share raised $510.4M.

The share is listed on Nasdaq under the ticker FROG.

C.L. King Participates in StepStone Group Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for StepStone Group. The offering of 17.5 million shares priced at $18 per share raised $315M.

The share is listed on Nasdaq under the ticker STEP.

C.L. King Co-Manages $1 Billion Barclays PLC’s Bond Offering

C.L. King acted as Co-Manager for Barclays PLC in its $1B 15nc10 3.564% Fixed Rate Resetting Subordinated Callable Notes due 9/23/35.
This issue is rated Baa3/BB+/BBB+

C.L. King Co-Manages $800 Million San Diego Gas & Electric’s Bond Offering

C.L. King acted as Co-Manager for San Diego Gas & Electric in its $800M 1.70% First Mortgage Bonds, Series VVV, due 10/01/30.
This issue is rated A2/A/A. San Diego Gas & Electric is a wholly-owned subsidiary of Sempra Energy (NYSE: SRE).