Transactions

C.L. King Participates in Axon Enterprises Equity Offering

C.L. King was invited in by management as selling group member in the follow-on common stock offering of Axon Enterprises. The offering of 3.45 million shares raised $276mm and priced at $92 per share.

The stock is listed on NASDAQ under the ticker AAXN

C.L. King Participates in PG&E’s Equity Offering

C.L. King was invited in by management as selling group member in the follow-on common stock offering for PG&E Corporation. The offering of 423,372,629 common shares raised $4bn and priced at $9.50 per share.

The stock is listed on NYSE under the ticker PCG.

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

C.L. King acted as Co-Manager for Mondelez International in raising $1Bn 0.625% Senior Notes due 7/01/22.

This issue is rated Baa1/BBB.

C.L. King Participates in Dun & Bradstreet Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Dun & Bradstreet Holdings, Inc. The offering of 78.3 million shares priced at $22 per share raised $1.7B.

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

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

C.L. King acted as Co-Manager in the Follow-On offering by Denny’s Corp. The offering of 8 million shares raised $73.2mm and priced at $9.15 per share.

The stock is listed on NASDAQ under the ticker DENN.

C.L. King Co-Manages $2 Billion NextEra Bond Offering

C.L. King acted as Jr. Co-Manager for NextEra Energy Capital Holdings Inc. in its $2bn 2.25%, Debentures, Series due 6/1/30.

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

C.L. King Co-Manages $1.15 Billion Lockheed Martin Bond Offering

C.L. King acted as Co-Manager for Lockheed Martin Corporation in its $1.15bn 2-part Senior Unsecured Notes offering including 1.85% $400mm notes due 6/15/30 and 2.8% $750mm notes due 6/15/50.

This issue is rated A3/A-/A-.

C.L. King engagement in Walmart Share Repurchase

C.L. King Co-Manages $750 Million Ally Financial Bond Offering

C.L. King acted as Co-Manager for Ally Financial Inc, in its $750mm 5.80% Senior Notes offering due 5/01/25.

This issue is rated BBB-/BBB-

C.L. King Co-Manages $1.25 Billion New York Life Bond Offering

C.L. King acted as Co-Manager for New York Life Insurance Co., in its $1.25bn 3.75% Surplus Notes offering due 5/15/50.

This issue is rated Aa2/AA-/AA.

C.L. King Co-Manages $25 Billion Boeing Bond Offering

C.L. King acted as Jr. Co-Manager for Boeing Company in its $25bn 7-part Senior Notes offering including 4.508% $3bn notes due 5/1/23, $3.5bn 4.875% notes due 5/1/25,and $2bn 5.04% notes due 5/1/27. They also issued $4.5bn 5.15% notes due 5/1/30, $3bn 5.705% notes due 5/1/40, $5.5bn 5.805% notes 5/1/50 and $3.5bn 5.93% notes due 5/1/60.

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

C.L. King Co-Manages $1.1 Billion SoCal Edison Bond Offering

C.L. King acted as Co-Manager for Southern California Edison in 2-Part $1.1bn First and Refunding Mortgage Bonds including $400mm 2.25% due 06/01/30 and $700mm 3.65% due 02/01/50.

This issue is rated A3/A-/BBB+.  Southern California Edison is a subsidiary of Edison International.

C.L. King Co-Manages $550 Million Duke Energy Indiana Bond Offering

C.L. King acted as Jr. Co-Manager for Duke Energy Indiana, LLC in $550mm First Mortgage Bonds, Series ZZZ, 2.75% due 4/01/50.

This issue is rated Aa3/A.

C.L. King Co-Manages $465 Million Ameren Missouri Bond Offering

C.L. King acted as Co-Manager for Union Electric Company, doing business as Ameren Missouri in its 2.95% $465mm 10 year First Mortgage Bonds due 3/15/30.

This issue is rated A2/A.

C.L. King Co-Manages $6 Billion Walt Disney Bond Offering

C.L. King acted as Jr. Co-Manager for The Walt Disney Company in its 5-part Senior Notes offering including 3.350% $1.75bn notes due 3/24/25, $500mm 3.7% notes due 3/23/27, $1.25bn 3.8% notes due 3/22/30, $750mm 4.625% notes due 3/23/40 and $1.75bn 4.7% notes due 3/23/50.

This issue is rated A2/A/A

C.L. King Co-Manages Citigroup’s $4 Billion Bond Offering

C.L. King acted as Co-Manager for Citigroup Inc. in its $4bn 4.412% 11NC10 Fixed-to-Floating Senior Notes due 3/31/31.

This issue is rated A3/BBB+/A.

C.L. King Participates in Carnival Corporation Initial Public Offering

C.L. King was invited as Selling Group in the initial public offering for Carnival Corporation. The offering of 62.5 million shares priced at $8 per share raised $500M.

The share is listed on the NYSE under the ticker CCL

C.L. King Participates in PWP Forward Acquisition Corp Initial Public Offering

C.L. King was invited as Selling Group member in the initial public offering for PWP Forward Acquisition Corp. The offering of 20 million shares priced at $10 per share raised $200M.

The stock is listed on Nasdaq under the ticker FRWAU.

C.L. King Selected as Junior Structuring Agent on Verizon Formosa Bond

C.L. King acted as Jr. Structuring Agent for Verizon’s $2.38bn Formosa Bond offering of 3.6% Notes due 2060.

This issue was rated Fitch A-.

C.L. King Co-Manages $3 Billion Charter Communications Bond Offering

C.L. King acted as Co-Manager for Charter Communications Operating, LLC/Charter Communications Operating Capital Corp in its $3B 3-part Senior Secured Notes offering including $1.5B 3.50% notes due 6/1/41, $1B 3.90% notes due 6/1/52, and $500M tap of 3.85% notes due 4/1/61.

This issue is rated Ba1/BBB-/BBB-.