Transactions

C.L. King Underwrites Pepco’s Pollution Control Revenue Refunding Bond

CL King acted as underwriter on $109.5 MM Maryland Economic Development Corporation Pollution Control Revenue Refunding Bonds with Potomac Electric Power Company, a subsidiary of Exelon Corporation(NYSE: EXC), due 9/01/22.

C.L. King Co-Manages $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 offering due 06/01/29.

The issue is rated BB/BB+/BB.

C.L. King Acted as Co-Manager on Spire Inc.’s $250 Million Preferred Stock Offering

C.L. King acted as Co-Manager for Spire Inc. in its $250 MM 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock offering of 10,000,000 depositary shares with an offering price of $25 per share.

The issue is rated Ba1/BBB/BBB-.

C.L. King Acts as Co-Manager for Wells Fargo’s $1.5 Billion Floating Rate Notes

C.L. King acted as a Co-Manager for Wells Fargo Securities, LLC on their $1.5Bn Senior Redeemable Floating Rate Notes due 05/21/21.

The issue is rated Aa2/A+/AA-

C.L. King Acted as Jr. Co-Manager for Duke Energy Corp’s $1 Billion Preferred Stock Offering

C.L. King acted as Jr. Co-Manager for Duke Energy Corp's in its $1B Depositary Shares of 5.75% Series A Cumulative Redeemable Perpetual NC5 Preferred Stock.

The issue is rated Baa3/BBB and guaranteed by Duke Energy Corp.

C.L. King Co-Manages $1.25 Billion GM Financial Bond Offering

C.L. King acted as a Co-Manager for General Motors Financial Company, Inc. in its $1.25 Billion 3.550% long 3-year fixed rate Senior Notes due 7/08/2022.

The issue is rated Baa3/BBB.

C.L. King Co-Manages Tradeweb Markets Inc. Initial Public Stock Offering

C.L. King acted as Co-Manager in a common stock offering by Tradeweb Markets Inc. The offering of 40 million shares raised $1.08Bn and priced at $27 per share.

The stock is listed on NASDAQ under the ticker TW.

C.L. King selected as Junior Co-Dealer Manager for Verizon Bond Tender Offer

CL King acted as Junior Co-Dealer Manager on Verizon’s $3 billion cash tender offers for 15 series of its outstanding debt.

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

C.L. King acted as a Co-Manager for Walmart Inc. in its $4 Bn 3-part Senior Notes offering including 2.85% $1.5 Bn notes due 7/08/24, 3.05% $1.25 Bn notes due 7/08/26 and 3.25% $1.25 Bn notes due 7/08/29.  The issuer is rated Aa2/AA.

C.L. King acts as Selling Group member for Pinterest in Initial Public Stock Offering

C.L. King acted as Selling Group member in a common stock offering by Pinterest Inc. The offering of 75 million shares raised $1.4 billion. The offering price per share was $19. The stock is listed on NYSE under the ticker PINS.

C.L. King Acts as Co-Manager for Boeing Company 5-Part Bong Offering

C.L. King acted as a Co-Manager for Boeing Company on their 3 year tranche which was $600 MM 2.700% Senior Notes due 05/01/22.

The issue is rated A2/A/A

C.L. King Co-Manages $400 Million Appalachian Power Company Bond Offering

C.L. King acted as a Co-Manager for Appalachian Power Company in its 4.50% $400mm 30 year Senior Notes due 3/01/2049.

Appalachian Power Co. is a subsidiary of American Electric Power (AEP). 

The issue is rated Baa1/A-.

C.L. King Co-Manages $600 Million Duke Energy Progress Bond Offering

C.L. King acted as a Jr. Co-Manager for Duke Energy Progress, LLC in its $600mm of Green First Mortgage Bonds, 3.45% notes due 3/15/2029.

The issue is rated Aa3/A

C.L. King Co-Manages $500 Million Delta Air Lines, Inc. 2019-1 EETC Pass Through Certificates

C.L. King acted as a Co-Manager for Delta Air Lines, Inc. in its $500mm 2-part Class AA Pass Through Certificates, Series 2019-1 (Aa3/A+ expected) and Class A Pass Through Certificates, Series 2019-1 (A3/A- expected)due October 25, 2025.

The issuer is rated Baa3/BB-.

C.L. King acted as Underwriter for NextEra Energy’s $600 Million Junior Subordinated Debenture Offering

C.L. King acts as Underwriter for NextEra Energy Capital Holdings Inc. in its $600mm Series N 60NC5 Junior Subordinated Debentures due March 1, 2079.

The issue is rated Baa2/BBB and guaranteed by NextEra Energy Inc

C.L. King Co-Manages $1 Billion Citibank, N.A. Bond Offering

C.L. King acted as Co-Manager for Citibank, N.A. in a $1Bn 3(a)2 exempt 2NC1 Floating Rate Notes SOFR issuance due 3/13/2021.

The issue is rated Aa3/A+/A+ .

C.L. King Co-Manages LYFT Inc. Initial Public Stock Offering

C.L. King acted as Co-Manager in a common stock offering by Lyft Inc. The offering of 32.5 million shares raised $2.34Bn. The offering price per share was $72. The stock is listed on NASDAQ under the ticker LYFT.

C.L. King Co-Manages $750 Million Barclays PLC’s Bond Offering

C.L. King acted as a Co-Manager for Barclays PLC in its $750 Million 4.610% 4NC3 Fixed-to-Floating Rate Senior Notes due 2023.

This tap issue is consolidated with and forms a single series with the $1.75 Billion aggregate principal amount of 4.610% Fixed-Floating Rate Senior Notes

due 2023 issued on November 15, 2018 for a total of $2.5 Billion.

The issuer is rated Baa3/BBB.

C.L. King Acts as Jr. Co-Manager for $1.75 Billion Citibank 2-Part Offering

C.L. King acted as a Jr. Co-Manager for Citibank NA in its $1.75 billion 2-Part consisting of $1.25Bn 3(a)2 exempt 3NC2 FXD-FLN due 2/19/2022 and $500MM 3(a)2 exempt 3NC2 FRN due 2/19/2022. The issue is rated A1/A+/A+.

C.L. King Co-Manages $2.25 Billion 3M Bond Offering

C.L. King acted as a Co-Manager for 3M Company in its $2.25 billion 4-Part Bond Offering including $450MM of 2.75% notes due 3/1/2022, $500MM reopening of 3.25% notes due 2/14/2024, $800MM 3.375% notes due 3/1/2029 and $500MM reopening of 4% notes due 9/14/2048 . The issue is rated A1/AA-.