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    BB&T Capital Markets strives to build long-term relationships, delivering tailored solutions to meet your goals.

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  • What Our Clients Say

    “BB&T was definitely the right choice. We are thrilled with the exceptional service, advice and execution we received.”—Leslie Cedar, board chair of Longhorn Village sponsor Texas Exes, Austin, Texas

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
  • Pennsylvania Real Estate Investment Trust (NYSE: PEI)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $120,000,000 for our client.

    The Company intends to use the net proceeds from this offering to fully redeem its outstanding series A preferred shares with an aggregate liquidation preference of about $115.0 million, with any remaining proceeds to go toward general corporate purposes. The underwriters have a 30 day option to purchase an additional 720,000 shares to cover over-allotments.

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  • National Retail Properties Inc. (NYSE: NNN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $400,000,000 for our client.

    The Company intends to use the net proceeds from this offering to repay all of the outstanding debt under the Company's credit facility. Any remaining funds will go toward future property acquisitions and for general corporate purposes.

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  • CBL & Associates Properties, Inc. (NYSE: CBL)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $225,000,000 for our client.

    The Company intends to use the net proceeds from this offering to reduce amounts outstanding under CBL’s revolving credit facilities and for general corporate purposes.

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  • WestRock Company (NYSE: WRK)

    On August 21, 2017, BB&T Capital Markets served as a joint bookrunner on an offering of $500 million 3.375% senior notes due 2027 by WestRock Company.

    Proceeds from the offering are being used to repay outstanding debt under WestRock Company’s term loans, receivables facility, and other lines of credit and for general corporate purposes.

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  • Alexandria Real Estate Equities, Inc. (NYSE: ARE)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $750,000,000 for our client.

    The Company intends to initially use the net proceeds from this program for general working capital and corporate purposes, which may include reducing the outstanding balance on its unsecured senior line of credit, repaying other indebtedness, the selective development, redevelopment, or acquisition of properties, or the repurchase of its outstanding preferred stock.

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  • Cedar Realty Trust, Inc. (NYSE: CDR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $75,000,000 for our client.

    The Company's operating partnership presently intends to use the net proceeds from this offering to partially redeem outstanding shares of its Series B preferred stock. Pending such use, the net proceeds will be used to temporarily repay amounts outstanding under the operating partnership’s credit facility. The underwriters have a 30 day option to purchase an additional 450,000 shares to cover over-allotments.

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  • Laboratory Corporation of America Holdings (NYSE: LH)

    On August 15, 2017, BB&T Capital Markets served as a co-manager for an offering of $600 million 3.25% senior notes due 2024 and $600 million 3.60% senior notes due 2027 by Laboratory Corporation of America Holdings.

    Proceeds from the offering are being used for general corporate purposes, including the repayment of existing senior notes and borrowings outstanding under the current credit facility.

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  • O‚ÄôReilly Automotive (NasdaqGS:ORLY)

    On August 10, 2017, BB&T Capital Markets served as a Senior Co-Manager for an offering of $750 million 3.600% Senior Unsecured Notes due 2027 by O’Reilly Automotive.

    Proceeds from the offering will be used to repay outstanding borrowings under the company’s credit facility and for general corporate purposes.

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  • WPX Energy, Inc. (NYSE: WPX)

    On August 8, 2017, BB&T Capital Markets served as a co-manager for an offering of $150 million 5.25% senior notes due 2024 by WPX Energy, Inc. This offering is an add-on for the existing $500 million 5.25% Senior Notes due 2024.

    Proceeds from the offering are being used to make Tender Offers.

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  • Noble Energy, Inc. (NYSE: NBL)

    On August 8, 2017, BB&T Capital Markets served as a co-manager for an offering of $600 million 3.850% senior notes due 2028 and $500 million 4.950% senior notes due 2047 by Noble Energy, Inc.

    Proceeds from the offering, together with cash on hand or available liquidity, are being used to purchase or redeem outstanding $1 billion 2019 Notes pursuant to a tender offer or redemption.

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  • Healthcare Realty Trust Incorporated (NYSE: HR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise a total of $224,025,000 for our client.

    The Company intends to use the net proceeds of this offering to partially fund their acquisition of an Atlanta medical office portfolio. The Company intends to use the remaining proceeds to repay outstanding indebtedness and for general corporate purposes. The underwriters have a 30-day option to purchase an additional 1,087,500 shares to cover over-allotments.

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  • American Water Works Co, Inc. (NYSE: AWK)

    On August 7, 2017, BB&T Capital Markets served as a co-manager for a two-tranche offering of $650 million 2.950% senior notes due 2027 and $750 million 3.750% senior notes due 2047 by American Water Capital Corp.

    Proceeds from the offering are being used to repay $524 million principal amount of the existing 6.085% Senior Notes due 2017 upon maturity on October 15, 2017, prepay up to $327 million aggregate principal amount of the outstanding long-term debt securities due in 2018 and 2021 and repay commercial paper obligations, and for general corporate purposes.

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  • Duke Energy Corp (NYSE: DUK)

    On August 7, 2017, BB&T Capital Markets served as a co-manager for a three-tranche offering of $500 million 2.40% senior notes due 2022, $750 million 3.15% senior notes due 2027, and $500 million 3.95% senior notes due 2047 by Duke Energy Corporation.

    Proceeds from the offering are being used to repay at maturity $700 million aggregate principal amount of 1.625% Senior Notes due August 15, 2017, to repay outstanding commercial paper and for general corporate purposes.

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  • Kimco Realty Corporation (NYSE: KIM)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $225,000,000 for our client.

    The Company intends to use the net proceeds from this offering for general corporate purposes, including repayment of debt. The underwriters have a 30 day option to purchase an additional 1,350,000 shares to cover over-allotments.

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  • Valvoline (NYSE: VVV)

    On August 3, 2017, BB&T Capital Markets served as a co-manager for an offering of $400 million 4.375% senior unsecured notes due 2025 by Valvoline.

    Proceeds from the offering will be used for voluntary contributions to their tax-qualified U.S. domestic pension plan.

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  • SIGMA International Group, Inc.

    On August 2, 2017, SIGMA International Group, Inc. (“SIGMA" or the "Company"), a portfolio company of Frontenac Company (“Frontenac”), was acquired by an investor group comprised of management and affiliates of Fairfax Financial Holdings Limited, a Canadian public company. BB&T Capital Markets served as the exclusive financial advisor to Frontenac.

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Patrick Martin

Managing DirectorStrategic Advisory Group

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