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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.

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President and CEOBB&T Securities
  • Performance Food Group Company (NYSE: PFGC)

    BB&T Capital Markets’ Food & Agribusiness Group completed the follow-on offering for Performance Food Group Company (“PFG”), a leading broadline food distributor, in an offering worth $291,000,000.

    PFG will not receive any of the proceeds from shares sold in this offering. Selling shareholders include two of the Company’s private equity sponsors Blackstone and Lexington Partners. The Company has granted the underwriters a 30-day option to purchase an additional 1.8 million shares at the public offering price to cover over-allotments.

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  • NSi Industries, Inc.

    On May 17, 2016, NSi Industries, Inc. (“NSi” or the “Company”), a portfolio company of Summit Park, was acquired by Blue Sea Capital (“Blue Sea”). BB&T Capital Markets served as the exclusive financial advisor to NSi.

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  • Digital Realty Trust, Inc. (NYSE: DLR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2016, helping to raise $1,200,000,000 for our client.

    The Company will not initially receive any proceeds from the shares. The proceeds will be used to fund the forward sale of shares to the Lead Bookrunners. Upon future receipt of the proceeds, Digital Realty expects to utilize a portion to fund its acquisition of eight European data centers in Amsterdam, Frankfurt and London, and for general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 1,875,000 shares at the public offering price to cover over-allotments.

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  • American Homes 4 Rent (NYSE: AMH)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2016, helping to raise $225,000,000 for our client. The issuer has applied to list the Series D Preferred Shares on the New York Stock Exchange under the symbol “AMHPRD”.

    The Company intends to use the net proceeds from the offering for debt repayment and general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 1,350,000 shares at the public offering price to cover over-allotments.

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  • Washington Real Estate Investment Trust (NYSE: WRE)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2016, helping to raise $130,425,000 for our client.

    The Company intends to use the net proceeds from the offering initially to repay borrowings outstanding under its revolving credit facility and subsequently to fund its announced acquisition and for other general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 625,000 shares at the public offering price to cover over-allotments.

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  • Lowe’s Companies, Inc.(NYSE: LOW)

    On April 11, 2016, BB&T Capital Markets served as a co-manager for a $3.3 billion offering of senior notes by Lowe’s Companies, Inc. The offering consisted of $250 million of floating rate notes due 2019; $350 million of 1.15% notes due 2019; $1.35 billion of 2.50% notes due 2026 and $1.35 billion of 3.70% notes due 2046. Proceeds from the offering are being used to fund Lowe’s RONA acquisition, to repay $475MM of its 2.125% notes due 2016 and $550MM of its 5.4% notes due 2016, and for general corporate purposes.

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  • LKQ Italia Bondco S.p.A.

    On April 7, 2016, BB&T Capital Markets served as a co-manager for a €500 million offering of 3.875% notes due 2024 by LKQ Italia Bondco, a subsidiary of LKQ Corporation. Proceeds from the offering are being used to refinance existing debt.

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  • The Hanover Insurance Group, Inc. (NYSE: THG)

    On April 5, 2016, BB&T Capital Markets served as a co-manager for a $375 million offering of 4.50% notes due 2026 by The Hanover Insurance Group, Inc. Proceeds from the offering are being used to redeem Hanover’s outstanding 7.50% notes due 2020 and 6.375% notes due 2021.

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  • Essex Portfolio, L.P.

    On April 4, 2016, BB&T Capital Markets served as a co-manager for a $450 million offering of 3.375% senior notes due 2026 by Essex Portfolio, L.P. Proceeds from the offering were used to repay indebtedness under Essex’ unsecured line of credit facility and its unsecured working capital line of credit facility, and for other general corporate and working capital purposes. Such general corporate purposes may include the acquisition, development or redevelopment of properties, which primarily will be apartment communities, or making other investments.

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  • Community Healthcare Trust, Inc. (NYSE: CHCT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2016, helping to raise $79,875,000 for our client.

    The Company intends to use the net proceeds from this offering for debt repayment and general corporate purposes, including property investments. The Company has granted the underwriters a 30-day option to purchase an additional 675,000 shares at the public offering price to cover over-allotments.

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  • Physicians Realty Trust (NYSE: DOC)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2016, helping to raise $461,868,750 for our client.

    The Company intends to contribute the net proceeds to its operating partnership, to fund a portion of the acquisition of 52 medical office facilities from Catholic Health Initiatives, in what will be its largest acquisition to date. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 3,375,000 shares.

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  • Torchmark Corporation (NYSE: TMK)

    BB&T Capital Markets’ Financial Services Group completed a transaction for an Insurance Holding Company in the first quarter of 2016, helping to raise $300,000,000 in gross proceeds for our client. The Company has applied the fixed-rate, Junior Subordinated Debentures (“Notes”) for listing on the NYSE to trade under the symbol “TMK.C”

    The Company intends to use the net proceeds to repay a portion of the $250 million outstanding principal amount plus accrued interest on their 6.375% Senior Notes due June 15, 2016. The Company has granted the underwriters the option to purchase additional Notes in an aggregate principal amount of up to $45,000,000 at the public offering price to cover over-allotments, if any.

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  • Markel Corp. (NYSE: MKL)

    On March 29, 2016, BB&T Capital Markets served as a co-manager for a $400 million offering of 5.0% senior notes due 2046 by Markel Corp. Proceeds from the offering are being used to finance a tender offer for up to $250 million of notes due in 2019 and 2034. The remainder is being used to retire the 7.20% unsecured senior notes of Alterra USA Holdings Limited, an indirect wholly owned subsidiary of Markel’s, when they come due in April 2017. Any remainder will be used for general corporate purposes.

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  • HD Supply, Inc. (Nasdaq: HDS)

    On March 28, 2016, BB&T Capital Markets served as a co-manager for a $1 billion offering of 5.75% senior notes due 2024 by HD Supply, Inc. Proceeds from the offering were to redeem in full $1 billion of the company’s outstanding October 2012 Senior Unsecured Notes.

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  • Sysco Corp. (NYSE: SYY)

    On March 22, 2016, BB&T Capital Markets served as a co-manager for a $2.5 billion four-tranche offering of senior notes by Sysco Corp. The offering consisted of $500 million of 1.90% senior notes due 2019, 2.50% senior notes due 2021; $1 billion of 3.30% senior notes due 2026; and $500 million of 4.50% senior notes due 2046. Proceeds from the offering were to fund a portion of the purchase price for the Brakes Group acquisition, which includes the repayment of $2.3 billion of Brakes Group indebtedness.

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  • Avnet, Inc. (NYSE: AVT)

    On March 21, 2016, BB&T Capital Markets served as a co-manager for a $550 million offering of 4.625% senior notes due 2026 by Avnet, Inc. Proceeds from the offering are being used for general corporate purposes, which may include the repayment or redemption of $300 million of the company’s existing 6.625% notes, amounts outstanding under the company’s credit facility and accounts receivable securitization program.

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Thom Albrecht

Managing Director, Senior Equity Research AnalystLogistics & Transportation Services

Patrick Martin

Managing DirectorStrategic Advisory Group
  • 06Jun2016

    9th Annual Auto Aftermarket Conference

    InterContinental Hotel, New York, NY