Transactions

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-.

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 engagement in Genesco Share Repurchase

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 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 $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+.