Transactions

C.L. King Co-Manages Citigroup’s $2.25 Billion Bond Offering

C.L. King acted as a Jr. Co-Manager for Citigroup Inc. in its $2.25bn 2.666% 11NC10 Fixed-to-Floating Senior Notes due 1/29/31.

This issue is rated A3/BBB+/A.

C.L. King Co-Manages $1.2 Billion Charter Communications High Yield Bond Re-Opening

C.L. King acted as Co-Manager for CCO Holdings, LLC and CCO Holdings Capital Corp. for 4.75% $1.2bn Senior Note issuance due 03/01/30.
This is a Re-Opening of October 2019 4.75% $1.35bn Senior Note Issuance and the additional Re-Opening of October 24th 2019 4.75% $500mm.
The issue is rated B1/BB/BB+.

C.L. King Acted as Underwriter on AT&T’s $1.2 Billion Preferred Stock Offering

C.L. King acted as Underwriter for AT&T Inc. in its $1.2bn 5.00% Series A Perpetual Preferred Stock offering of 48,000,000 depositary shares with an offering price of $25 per share.

This issue is rated Ba1/BB+/BBB.

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

C.L. King Co-Manages $750 Million Mastercard Notes Offering

C.L. King acted as Co-Manager for Mastercard Incorporated in its $750mm 2.00% Notes due 03/03/25.

This issue is rated A1/A+.

C.L. King acted as Joint Book-Running Manager Duke Energy Florida’s $200 Million Bond Offering

C.L. King acted as Joint Book-Running Manager for Duke Energy Florida on its $200mm Series A Floating Rate Senior Notes due 11/26/21, priced at 3mL+25.

This issue is rated A3/A-. Duke Energy Florida is a subsidiary of Duke.

C.L. King Underwrites Tradeweb Common Stock Offering

C.L. King acted as Underwriter in the follow-on common stock offering by Tradeweb Markets Inc. The offering of 17.287 million shares raised $726.1 million. The offering was priced at $42 per share.
The stock is listed on NASDAQ under ticker TW

C.L. King Co-Manages €1.6 Billion Eli Lilly’s Note Offering

C.L. King acted as Co-Manager for Eli Lilly and Company in its €1.6bn 2-part notes offering including 12 year 0.625% €600mm notes due 11/1/31 and 30 year 1.700% €1bn notes due 11/1/49.
This issue is rated A2/A+.

C.L. King engagement in Genesco Share Repurchase

C.L. King Co-Manages $750 Million Georgia Power Company Bond Offering

C.L. King acted as Co-Manager for a Georgia Power Company $750mm 2-part Global Senior Notes offering including 2.2% $400mm notes due 9/15/24 and 2.65% $350mm notes due 9/15/29. Issue is rated Baa1/A-/A-. 

Georgia Power Company is a subsidiary of Southern Company (NYSE: SO).

C.L. King acts as Co-Manager for $300 Million Patrick Industries, Inc. Bond Offering

C.L. King acted as Co-Manager for Patrick Industries, Inc. (NASDAQ: PATK) in its $300mm 7.50% Senior Notes due 2027.

This issue is rated B3/B+. 

C.L. King engagement in Northrop Grumman Share Repurchase

C.L. King Acted as Selling Group Member on Allstate’s $1.15 Billion Preferred Stock Offering

C.L. King acted as Selling Group for Allstate in its $1.15bn 5.10% Series H Non-Cumulative Perpetual NC5 Preferred Stock offering of 46,000,000 depositary shares with an offering price of $25 per share.

The issue is rated Baa2/BBB.

C.L. King Co-Manages $1.2 Billion Southern California Edison Bond Offering

C.L. King acted as Co-Manager for Southern California Edison in $1.2bn 2-part First and Refunding Mortgage Bonds including $400mm 2.375% due 08/01/2029 and $800mm 3.0% due 04/01/2047.

The issue is rated A3/A-/BBB+.

Southern California Edison is a subsidiary of Edison International.

CL King Co-Manages $3.5 Billion CVS Health Corp Bond Offering

C.L. King acted as a Co-Manager for CVS Health Corp in its $3.5bn 3-part Senior Notes offering including 2.625% $1bn notes due 8/15/24, 3.000% $750mm notes due 8/15/26 and 3.250% $1.75bn notes due 8/15/29.  This issue is rated Baa2/BBB.

C.L. King Co-Manages $300 Million Arizona Public Service Company Bond Offering

C.L. King acted as Co-Manager for Arizona Public Service Company in its $300mm 2.60% Senior Bond Offering due 08/15/2029. The issue is rated A2/A-/A.  Arizona Public Service Company is a subsidiary of Pinnacle West Capital Corp

CL King Co-Manages $2 Billion Fannie Mae Benchmark Notes

C.L. King acted as Co-Manager on Fannie Mae’s $2bn global offering of 1.750% Benchmark Notes due 7/2/24.  This issue is rated Aaa/AAA/A.

C.L. King Co-Manages $2.5 Billion Bank of America Bond Offering

C.L. King acted as a Jr. Co-Manager for Bank of America in its $2.5Bn 11NC10 Fixed-to-Floating Senior Notes due 7/23/30.

The issue is rated A2/A-/A+

C.L. King Acts as Jr. Co-Manager for Boeing Company 6-Part Fixed Income Debt Offering

C.L. King acted as a Jr. Co-Manager for Boeing Company 2.7% $1bn Senior Notes due 2/01/2027.

The issue is rated A2/A/A.

C.L. King acts as Co-Manager for $750 Million Charter Communications Bond Offering

C.L. King acted as a Co-Manager for CCO Holdings, LLC and CCO Holdings Capital Corp. in the aggregate principal amount of $750 MM 5.375% Senior Notes Add-on issuance due 06/01/29.

The issue is rated B1/BB/BB+.