Transactions

C.L. King Co-Manages $4 Billion T-Mobile Bond Offering

C.L. King acted as Co-Manager for T-Mobile in its $4B 4-part Senior Secured Notes offering including $500M tap of 2.05% notes due 2/15/28, $750M tap of 2.55% notes due 2/15/31, $1.25B 3.00% notes due 2/15/41 and $1.5B 3.30% notes due 2/15/51.
This issue is rated Baa3/BBB-/BBB-.

C.L. King Participates in Altimeter Growth Corp. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Altimeter Growth Corp. The offering of 45 million shares priced at $10 per share raised $450M.

The share is listed on Nasdaq under the ticker AGCUU.

C.L. King Participates in Corsair Gaming, Inc. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Corsair Gaming, Inc. The offering of 14 million shares priced at $17 per share raised $238M.

The share is listed on Nasdaq under the ticker CRSR.



C.L. King Co-Manages $10 Billion Alphabet Bond Offering

C.L. King acted as Co-Manager for Alphabet Inc. in its $10bn 6-part Senior Notes offering including $1bn 0.45% notes due 8/15/25, $1bn 0.80% notes due 8/15/27, $2.25bn 1.10% notes due 8/15/30, $1.25bn 1.90% notes due 8/15/40, $2.5bn 2.05% notes due 8/15/50 and $2bn 2.25% notes due 8/15/60. The 5s, 10s & 30s were sustainability tranches.

This issue is rated Aa2/AA+.

C.L. King Participates in Rackspace Technology Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Rackspace Technology. The offering of 33.5 million shares priced at $21 per share raised $703.5M.

The share is listed on Nasdaq under the ticker RXT.

C.L. King acted as Joint Book-Running Manager for Duke Energy Progress’ $700 Million Bond Offering

C.L. King acted as Joint Book-Running Manager for Duke Energy Progress on its $700mm Series A Floating Rate Senior Notes due 2/18/22, priced at 3mL+18.

This issue is rated A2/A-. Duke Energy Progress is a subsidiary of Duke Energy Corp (NYSE: DUK).

C.L. King Co-Manages $2.5 Billion GM Financial Bond Offering

C.L. King acted as Co-Manager for GM Financial in its $2.5bn 3-part Senior Notes offering including $1.25bn 1.70% notes due 8/18/23, $900mm 2.70% notes due 8/20/27, and $350mm Tap of 3.60% notes due 6/21/30.

This issue is rated Baa2/BBB/A-.

C.L. King Participates in Fiserv Equity Offering

C.L. King was invited as Co-Manager in the follow-on common stock offering of Fiserv, Inc. The offering of 5 million shares raised $500M and priced at $100 per share.

The stock is listed on NYSE under the ticker FISV.

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

C.L. King acted as Co-Manager for Alabama Power Company on its $600mm Series 2020A 1.45% Senior Unsecured Notes due 9/15/30. This issue is rated A1/A/A+. Alabama Power Company is a subsidiary of Southern Company (NYSE: SO).

C.L. King Participates in Rocket Companies Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Rocket Companies. The offering of 150 million shares priced at $20 per share raised $3B.

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

C.L. King Participates in Artius Acquisition Inc. Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Artius Acquisition Inc. The offering of 63 million shares priced at $10 per share raised $630M.

The share is listed on Nasdaq under the ticker AACQU.

C.L. King Co-Manages $4.75 Billion Bank of America Bond Offering

C.L. King acted as Jr. Co-Manager for Bank of America in its $4.75bn 2-part Series N Medium-Term Notes offering including $2.75bn 1.898% Fixed-to-FRN due 7/23/31 and $2bn Tap of 2.676% Fixed-to-FRN due 6/19/41. 

This issue is rated A2/A-/A+.

C.L. King Co-Manages $11 Billion AT&T Bond Offering

C.L. King acted as Co-Manager for AT&T Inc. in its $11bn 5-part Senior Notes offering including $2.25bn 1.65% notes due 2/1/28, $2.5bn 2.25% notes due 2/1/32, $2.5bn 3.10% notes due 2/1/43, $2.25bn 3.30% notes due 2/1/52 and $1.5bn 3.50% notes due 2/1/61.

This issue is rated Baa2/BBB/A-.

C.L. King Participates in Annexon Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Annexon. The offering of 14.75 shares priced at $17 per share raised $250.75M.

The share is listed on Nasdaq under the ticker ANNX.

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

C.L. King acted as Jr. Co-Manager for Florida Power & Light Company in its $1.25bn Floating Rate Notes due 7/28/23. This issue is rated A1/A/A+.

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

C.L. King Co-Manages Pershing Square Tontine Holdings’ Initial Public Offering

C.L. King participated as Co-Manager in the initial public offering of Pershing Square Tontine Holdings Ltd. The offering of 200 million shares raised $4bn and priced at $20 per share.

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

C.L. King Participates in Vital Farms Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Vital Farms. The offering of 10.7 million shares priced at $22 per share raised $235.4M.

The share is listed on Nasdaq under the ticker VITL.

C.L. King Underwrites Tax-Exempt DEDA Gas Facilities Revenue Refunding Bonds

C.L. King acted as Underwriter on $78.4MM Delaware Economic Development Authority Gas Facilities Refunding Revenue Bonds(2020 Series A) due 01/01/2031 for the Delmarva Power & Light project.

Delmarva Power & Light is a subsidiary of Exelon Corporation (NYSE:EXC). This issue is rated A2/A.

C.L. King Co-Manages $500 Million Duke Energy Bond Offering

C.L. King acted as Jr. Co-Manager for Duke Energy Florida, LLC in $500mm First Mortgage Bonds, 1.75% Series due 6/01/30.

This issue is rated A1/A.

C.L. King Participates in Vroom’s Initial Public Offering

C.L. King was invited in by management as selling group member in the initial common stock offering of Vroom, Inc. The offering of 21.25 million shares raised $467.5mm and priced at $22 per share.

The stock is listed on NASDAQ under the ticker VRM.