Transactions

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

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 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 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 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 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).

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 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 $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 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 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 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 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 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-.