Transactions

CL King Co-Manages $17.5 Billion AT&T Bond Offering

CL King acted as Co-Manager for AT&T’s $17.5 billion 6-part bond offering of 5, 7, 10, 20 and 31 year maturities. The issue is rated Baa1 / BBB+.



CL King Co-Manages Citigroup Preferred Stock Offering

CL King acted as a Junior Co-Manager for Citigroup’s offering of 1.5 million depository shares priced at $1,000 per share, raising $1.5 billon. Each depository share represents a 1/25th interest in a share of perpetual 5.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series O. The issue is rated Ba3/BB/BB+.



CL King Selected as Co-Manager on AIG’s Bond Tender Offers

CL King acted as Co-Manager on AIG’s approximately $2 billion of cash tender offers for 39 series of debt securities of AIG and its subsidiaries.

CL King Co-Manages SoCal Edison Municipal Bond Remarketings

CL King acted as a Co-Manager on three separate reofferings of pollution control refunding revenue bonds totaling $334 million for Southern California Edison Company. The tax-exempt municipal bonds related to projects in Farmington, New Mexico, and Clark County, Nevada.



CL King Co-Manages Offering of Ameren Senior Secured Notes

CL King acted as Co-Manager on Ameren Missouri’s $250 million offering of 3.65% Senior Secured Notes due 2045. The issue is rated A2/A.



C.L. King engagement in Steve Madden Share Repurchase

CL King Co-Manages GM’s Senior Notes Offering

CL King was a Co-Manager for General Motors’ $2.5bn 3-part Senior Notes offering consisting of $500mm of 4.0% Notes due 2025, $750mm of 5.0% Notes due 2035 and $1.25bn of 5.2% Notes due 2045. The issue is rated Ba1 / BBB-.

CL King Co-Manages Ally Financial Senior Notes Offering

CL King was a Co-Manager for Ally Financial ’s $800 million offering of 3.75% Senior Notes due 2019. The issue is rated B1 / BB.

CL King Co-Manages Citi Senior Notes Offering

CL King was a Co-Manager for Citi’s $2 billion offering consisting of $1.6 billion of 1.857% Senior Notes due 2017 and $400 million Floating Rate Notes due 2017. The issue is rated Baa2 / A-.

CL King Co-Manages Offering of Verizon Senior Notes

CL King was a Co-Manager for Verizon’s $6.5bn 3-part Senior Notes offering consisting of $1.5bn of 3.0% Notes due 2021, $2.5bn of 3.5% Notes due 2024 and $2.5bn of 4.4% Notes due 2034. The issue is rated Baa1 / BBB+.



CL King Co-Manages Offering of Toyota Motor Credit Medium-Term Notes

CL King was a Co-Manager for Toyota Motor Credit’s $350 million offering of Floating Rate Diversity and Inclusion Medium-Term Notes due September 23, 2016. The issue is rated Aa3 / AA-.

CL King Co-Manages Alibaba IPO

CL King acted  as Junior Co-Manager in the IPO of Alibaba, the leading e-commerce business in China.  We were one of 34 underwriters raising $25 billion by offering 368 million shares (including the over-allotment option).  The offering was priced at $68 per share.  The ticker is BABA.

CL King Co-Manages $2 Billion AT&T Bond Offering

CL King was a Co-Manager for AT&T’s $2 billion offering of 4.8% Global Notes due 2044. The issue is rated A3 / A-.

CL King Co-Manages Offering of Toyota Motor Credit Senior Notes

CL King was a Co-Manager for Toyota Motor Credit’s $2 billion 3-part offering of Medium-Term Notes consisting of $900 million of 1.125% Notes due 2017, $400 million of Floating Rate Notes due 2017 and $700 million of 2.750% Notes due 2021. The issue is rated Aa3 / AA-.

C.L. King engagement in Steve Madden Share Repurchase

CL King Co-Manages Offering of Ameren Senior Secured Notes

CL King was a Co-Manager for Ameren Missouri’s $350 million offering of 3.5% Senior Secured due 2024. The issue is rated A / A2.



CL King Co-Manages Ally Financial Stock Offering

CL King acted as Co-Manager in a public offering of 95 million shares of Ally Financial common stock owned by the U.S. Treasury. The offering was priced at $25.00 per share and raised $2.375 billion.



CL King Co-Manages Offering of Citigroup Notes

CL King was a Co-Manager for Citigroup’s $750 million offering of Floating Rate Notes due 2017. The issue is rated A- / Baa2 / A.

CL King Co-Manages Offering of Verizon Notes

CL King was a Co-Manager for Verizon’s $4.5B 5-part offering of Notes consisting of $500MM of Floating Rate Notes due 2019, $500MM of 2.55% Notes due 2019, $1B of 3.45% Notes due 2021, $1.25B of 4.15% Notes due 2024, and $1.25B of 5.05% Notes due 2034. The issue is rated BBB+ / Baa1 / A-.



C.L. King engagement in Walmart Share Repurchase