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With the backing of one of the largest financial institutions in the United States, BB&T Capital Markets brings deep industry expertise and a full slate of client-focused services to middle market firms. We invite you to experience the difference we can bring to your business.

W. Rufus Yates

President and CEOBB&T Securities
  • Scorpio Bulkers Inc. (NYSE: SALT)

    BB&T Capital Markets’ Logistics & Transportation Group completed its 4th transaction in the shipping industry in 2014, helping to raise over $480 million in total capital for our clients. We look forward to continuing our long-term partnerships with existing clients and to developing new relationships within the logistics & transportation sector. Proceeds of the $65 million offering will be used to fund installment payments due under its newbuilding program, as well as general corporate purposes and working capital. Additionally, Scorpio has granted the underwriters an option to purchase an additional $9.75 million in aggregate principal amount of notes. The Company has applied to list the senior unsecured notes on the NYSE to trade under the symbol “SLTB.”

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  • Vanguard Natural Resources, LLC (NASDAQ GS: VNR)

    BB&T Capital Markets’ Debt & Equity Origination Groups completed a transaction for a natural gas & oil exploration & production company in the third quarter of 2014, helping to raise $100,000,000 in gross proceeds for our client. The Company has applied to list the perpetual preferred shares on the NASDAQ GS to trade under the symbol “VNRCP.” The Company intends to use the net proceeds from this offering to repay a portion of outstanding indebtedness under its credit facility, which was incurred in part to fund recent acquisitions, including the Hunt Gulf Coast Acquisition.

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  • Health Care REIT, Inc. (NYSE: HCN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2014, helping to raise $988,125,000 for our client. The Company intends to use net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and senior housing properties.

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  • Summit Midstream Partners, L.P. (NYSE: SMLP)

    BB&T Capital Markets Equity Origination Group completed a transaction for a natural gas midstream MLP in the third quarter of 2014, in an equity offering worth $234,260,865. This transaction represents a continued sale of the interests of the partnership’s majority owners, Energy Capital Partners and GE Energy Financial Services.

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  • MainStreet BankShares, Inc. (OTCBB: MREE)

    On August 25, 2014, MainStreet BankShares, Inc. (OTCBB: MREE) (“MainStreet”), a bank holding company, announced the signing of an agreement which calls for MainStreet to merge with American National Bankshares Inc. (Nasdaq: AMNB) (“American National”) in a transaction valued at approximately $24.2 million. Shareholders of MainStreet common stock will receive 0.482 shares of American National common stock and $3.46 in cash for each share of MainStreet they own. As of the close of business on August 22, 2014, the per share acquisition price equaled approximately $14.05, or approximately 97% of MainStreet’s June 30, 2014 book value and approximately 26.7x MainStreet’s last twelve months EPS. The per share acquisition price will fluctuate with the value of American National common stock. BB&T Capital Markets served as the exclusive financial advisor to MainStreet.

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  • The Southern Company

    On August 19, 2014, BB&T Capital Markets served as a co-manager for a $750 million offering of senior notes by The Southern Company. The offering consisted of a $400 million tranche of three-year notes with a coupon of 1.30%, and a $350 million tranche of five-year notes with a coupon of 2.15%. Proceeds from the offering were used to repay short-term indebtedness.

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  • XPO Logistics, Inc.

    On August 14, 2014, BB&T Capital Markets served as a co-manager for a $500 million offering of senior notes due 2019. The notes bear a coupon of 7.875%. Proceeds from the offering are to be used for XPO’s acquisition of New Breed Holding Co.

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  • Government Properties Income Trust

    On August 13, 2014, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.75% Senior Notes by Government Properties Income Trust. The notes mature in 2019. Proceeds from the transaction are being used to pay down amounts remaining outstanding on a term loan and to reduce amounts outstanding under the company’s revolving credit facility.

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  • Tidewater Finance Company

    On June 13, 2014, BB&T Capital Markets closed a $150 million subprime auto loan securitization for Tidewater Finance Company (“Tidewater”). The transaction provides Tidewater with fixed-rate, term financing for its loan portfolio at a very attractive pricing level. The proceeds of the transaction will be used to pay down Tidewater’s credit line and will create additional capacity for Tidewater’s future originations. This transaction was very well received by the market and was oversubscribed due to large investor demand. This transaction represents the third securitization in which BB&T Capital Markets has served as the sole-lead bookrunner for Tidewater since 2010.

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  • Triangle Capital Corporation (NYSE: TCAP)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $132,773,250 in gross proceeds for our client. The Company intends to use the net proceeds from this offering to make investments within its objectives and strategies and for general working capital purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 645,000 shares.

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  • UBS AG

    On August 11, 2014, BB&T Capital Markets served as a co-manager for a $4.5 billion offering of notes by UBS AG (Stamford Branch). The offering consisted of four tranches, including a $2.5 billion offering of 2.375% Notes due 2019; a $1.25 billion offering of 1.375% Notes due 2017; a $500 million offering of floating rate notes due 2019 and a $250 million offering of floating rate notes due 2017.

  • HCP, Inc.

    On August 7, 2014, HCP, Inc. invited BB&T Capital Markets to serve as a co-manager for an $800 million offering of 3.875% Senior Notes due in 2024. Proceeds from the offering are to be used to repay amounts outstanding under HCP revolving line of credit as well as for general corporate purposes, which may include a cash contribution to HCP’s joint venture with Brookdale Senior Living, Inc.

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  • Branch Banking & Trust Company

    On August 7, 2014, BB&T Capital Markets served as a lead manager for a $750 million offering of three-year bank notes by Branch Banking & Trust Company. The notes, Series I in BB&T’s bank notes program, bear a coupon of 1.35%. This is the second bank notes offering by BB&T in 2014, after a $1.3 billion offering in February of this year

  • Citigroup

    On August 7, 2014, BB&T Capital Markets served as a junior co-manager for a $1.5 billion offering of senior notes by Citigroup. The offering consisted of two tranches, $1.25 billion of 1.55% Senior Unsecured Notes due 2017 and $250 million of floating rate notes due 2017.

  • WellPoint, Inc.

    On August 7, 2014, BB&T Capital Markets served as a co-manager for a $2.7 billion, four-tranche offering of senior notes by WellPoint, Inc. The offering consisted of $850 million of 2.25% Notes due 2019; $800 million of 3.50% Notes due 2024; $800 million of 4.65% Notes due 2044; and $250 million of 4.85% Notes due 2054.

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  • Orange Lake Country Club, Inc.

    On August 6, 2014, BB&T Capital Markets served as a co-lead manager for a $148,757,000 securitization of timeshare resort loans for Orange Lake Country Club, Inc.

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Bruce Kelleher

Managing DirectorHead of Financial Sponsors Group
  • 11-12Feb2015

    30th Annual Transportation Services Conference

    The Biltmore, Coral Gables, Florida