Financial Services Group

The BB&T Capital Markets Financial Services Group provides community banks & thrifts, business development companies and other specialty finance companies with a full range of capabilities and services, including public and private equity and debt origination and issuance, buy- and sell-side merger & acquisition advisory, fairness opinions, valuations and other advisory services.

While much of our business is focused on middle-market clients, our extensive service platform regularly participates in transactions with some of the nation’s largest financial institutions.

 

Our Financial Services team raised more than $1.5 billion for business development groups and advised five banks on M&A transactions in a recent 12-month span

  • Morgan Stanley (NYSE: MS)

    BB&T Capital Markets’ Financial Services Group completed a transaction in the first quarter of 2017, helping to raise $1 Billion in gross proceeds for our client.

    The Company intends to use the net proceeds from the offering for general corporate purposes.

    Read More
  • BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO)

    BB&T Capital Markets’ Financial Services Group completed a transaction for BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO) in the first quarter of 2017, helping to raise $210,000,000 in gross proceeds for our client.

    The Trust will invest the net proceeds of the offering in accordance with the Trust’s investment objective and policies. The Trust has given the Underwriters an option to purchase up to 3,060,481 additional common shares within 45 days of the date of this prospectus solely to cover over-allotments.

    Read More
  • Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO) in the first quarter of 2017, helping to raise $255,000,000 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objective and policies. The Fund has granted the underwriters a 45 day option to purchase up to 3,825,000 additional shares to cover over-allotments.

    Read More
  • BB&T Corporation (NYSE: BBT)

    On March 16, 2017, BB&T Capital Markets served as a joint-bookrunner for an offering of $1.35 billion fixed and floating rate senior notes due 2022 by Branch Banking & Trust Company.

    Proceeds from the offering are being used for general corporate purposes.

    Read More
  • Triangle Capital Corporation (NYSE: TCAP)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Triangle Capital Corporation, a Business Development Company (“BDC”) in the first quarter of 2017, helping to raise $136,500,000 in gross proceeds for our client.

    Triangle Capital Corporation intends to use the net proceeds of this public offering to make additional investments in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 1,050,000 shares at the public offering price to cover over-allotments.

    Read More
  • Morgan Stanley (NYSE: MS)

    On February 14, 2017, BB&T Capital Markets served as a co-manager for a $3 billion offering of floating rate senior notes due 2020 by Morgan Stanley.

    Proceeds from the offering are being used for general corporate purposes.

    Read More
  • Nuveen High Income November 2022 (NYSE: JPT)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s High Income November 2022 Target Term Fund (“JPT”) in the first quarter of 2017, helping to raise $162,500,000 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objective and policies as stated below. It is presently anticipated that the Fund will be able to invest substantially all of the net proceeds in accordance with the Fund’s investment objective and policies within approximately three months after the completion of the offering. The Fund has granted the underwriters an option to purchase up to 975,000 additional shares to cover over-allotments.

    Read More
  • BB&T Corporation (NYSE: BBT)

    On January 23, 2017, BB&T Capital Markets served as a joint-bookrunner for a $2.6 billion offering of fixed and floating rate senior notes due 2020 and 2022 by Branch Banking & Trust Company.

    Proceeds from the offering are being used for general corporate purposes.

    Read More
  • Medley LLC, a wholly owned subsidiary of Medley Management Inc. (NYSE: MDLY)

    BB&T Capital Markets’ Financial Services Group, serving as a Joint Bookrunning manager, completed an unsecured senior notes “baby bond” offering for Medley LLC, the operating company for Medley Management, in the first quarter of 2017. The underwriters helped to raise $30,000,000 in gross proceeds for our client. The notes will trade under the NYSE symbol of MDLQ.

    Medley LLC intends to use the net proceeds of this retail notes offering to repay a portion of the outstanding amounts under its Term Loan Facility. The Company has granted the underwriters a 30-day option to purchase additional notes worth $4.50 million in aggregate principal value to cover over-allotments.

    Read More
  • Barclays PLC (NYSE: BCS)

    On January 3, 2017, BB&T Capital Markets served as a co-manager for a two-tranche offering of $1.5 billion 3.684% senior notes and $750 million floating rate notes due 2023 by Barclays PLC.

    Proceeds from the offering are being used for general corporate purposes.

     

    Read More
  • Saratoga Investment Corporation

    BB&T Capital Markets’ Financial Services Group completed a transaction for Saratoga Investment Corporation, a Business Development Company, in the fourth quarter of 2016, helping to raise $65,000,000 in gross proceeds for our client.

    Saratoga Investment Corporation intends to use the net proceeds of this retail notes offering to fund the early redemption of its 7.50% Series 2020 Senior Notes. The Company has granted the underwriters a 30-day option to purchase additional notes worth $9.75 million in aggregate principal value to cover over-allotments.

    Read More
  • The Goldman Sachs Group, Inc. (NYSE: GS)

    On December 8, 2016, BB&T Capital Markets served as a co-manager for a $3 billion two-tranche offering of senior notes due 2019 by The Goldman Sachs Group, Inc.

    Proceeds from the offering are being used for general corporate purposes.

    Read More
  • First Trust Senior Floating Rate 2022 (NYSE: FIV)

    BB&T Capital Markets’ Financial Service Group completed a transaction for First Trust Senior Floating Rate 2022 Target Term Fund in the fourth quarter of 2016, helping to raise $348,000,000 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund's investment objectives and policies. The Fund expects it will be able to invest substantially all of the net proceeds in securities that meet the Fund's investment objectives and policies within 45 to 60 days after completion of the offering. Total gross proceeds includes the partial exercise of the underwriters 45-day option to purchase an additional 4.5mm additional shares to cover over-allotments.

    Read More
  • The Goldman Sachs Group, Inc. (NYSE: GS)

    On October 25, 2016, BB&T Capital Markets served as a co-manager for a $1 billion offering of floating rate senior notes due 2027 by The Goldman Sachs Group, Inc.

    Proceeds from the offering are being used for general corporate purposes.

    Read More
  • Wells Fargo. (NYSE: WFC)

    On October 19, 2016, BB&T Capital Markets served as a co-manager for a $3.50 billion offering of 3.00% senior notes due 2026 by Wells Fargo & Company.

    The net proceeds from this offering will be used for general corporate purposes.

    Read More
  • Nuveen High Income November 2021 (NYSE: JHB)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s High Income November 2021 Target Term Fund (“JHB”) in the third quarter of 2016, helping to raise $558,418,920 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objectives and policies as soon as practicable after completion of the offering. The Fund currently anticipates that it will be able to invest substantially all of the net proceeds in securities that meet the Fund’s investment objectives and policies within approximately three months after completion of the offering. Total gross proceeds includes the partial exercise of the underwriters 45-day option to purchase an additional 3.5mm additional shares to cover over-allotments.

    Read More

Our Areas of Expertise

Business Development Companies (BDCs)

Our group includes investment bankers involved with the industry since inception, knowledgeable retail and institutional brokers, bank lending, and industry-leading research coverage

Community Banks & Thrifts

We provide regulated financial institutions with a full suite of products and services, including equity and debt capital raising and merger and acquisition advisory, complemented by industry-leading community bank equity research and sales & trading.

Specialty Finance

Our commitment to specialty sectors includes, but is not limited to, insurance brokers, underwriters and service providers; specialty lenders; mortgage companies and financial management firms.

Bank Consolidation

Jake Savage and
David Wojdlya
Senior Managing Director and Managing DirectorFinancial Services GroupPlay The Video