Corporate Bond Originations

With a national sales platform and bankers with expertise in 11 key industries, BB&T Capital Markets is strongly positioned to deliver premium fixed-income execution to its large and middle market clients.

Backed by our substantial credit research and a broad array of corporate and investment banking tools, we can tailor offerings to address your specific needs in light of prevailing conditions in the capital markets and in your industry sector.

Depending on your needs, our fixed income products can include:

  • Senior Debt (investment grade and high yield)
  • Subordinated Debt (investment grade and high yield)
  • Convertible Debt (investment grade and high yield)
  • Private Placements
  • Trust Preferred Securities (institutional and retail)
  • Redeemable Preferred Securities (institutional and retail)
  • Perpetual Preferred Securities (institutional and retail)
  • Convertible Preferred Securities (institutional and retail)
  • Optimal Financing Strategies
  • Liability Management


We offer nationwide coverage of the public debt markets as well as the 144a market. In addition, we manage non-144a private placements.

 

BB&T Capital Markets bankers participated in more than 130 corporate bond issues for clients in 11 industries in 2012 alone, more than doubling the volume from the previous year.

  • Realty Income Corporation (NYSE: O)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $700,000,000 for our client.

    The Company intends to use the net proceeds to repay borrowings outstanding under its $2.0 billion revolving credit facility and, together with proceeds from additional borrowings under its revolving credit facility, fully redeem its outstanding class F preferred shares. Any remaining funds will go toward potential investment opportunities and other general corporate purposes.

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  • Brixmor Property Group (NYSE: BRX)

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

    The Company intends to use the net proceeds of the offering to repay outstanding debt under the company's $1.25 billion unsecured revolving credit facility and for general corporate purposes.

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

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $425,000,000 for our client.

    The Company intends to use the net proceeds for general corporate purposes and for the reduction of the outstanding balance on its unsecured senior line of credit.

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  • Silicon Laboratories Inc. (NasdaqGS: SLAB)

    BB&T Capital Markets’ Diversified Industries Group completed a transaction for Silicon Laboratories Inc. in the first quarter of 2017, helping to raise $400,000,000 in gross proceeds for our client.

    Silicon Laboratories Inc., intends to use the proceeds from the offering to repay in full all amounts outstanding under its existing credit facility, and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriter’s over-allotment option, through which they purchased an additional $50mm in principal notes.

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  • Highwoods Properties, Inc. (NYSE: HIW)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $300,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay  or repurchase outstanding debt (including the operating partnership’s unsecured notes due March 15, 2017 or amounts outstanding under the Company’s $475 million revolving credit facility) and for general corporate purposes.

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  • Highwoods Properties, Inc. (NYSE: HIW)

    BB&T Capital Markets’ Real Estate Group is assisting in a transaction for a real estate investment trust, helping to raise up to $300,000,000 for our client.

    HIW intends to use the net proceeds from this offering to fund its property acquisitions and development activity, repay or repurchase outstanding debt, repurchase or redeem outstanding preferred equity and for working capital and other general corporate purposes.

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  • Pennsylvania Real Estate Investment Trust

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $172,500,000 for our client.

    The net proceeds from this offering will be used to repay all or a portion of amounts outstanding under 2013 revolving facility for general business purposes and possibly to redeem some or all of outstanding series A preferred shares when eligible for redemption in April 2017. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 900,000 shares.

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  • 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.

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  • Hospitality Properties Trust (Nasdaq: HPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $600,000,000 for our client.

    The Company intends to use the net proceeds from these offerings to repay amounts outstanding under its unsecured revolving credit facility, for general business purposes and possibly to redeem some or all of its outstanding series D preferred shares.

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  • 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.

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  • CBL & Associates Properties, Inc.

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2016, helping to raise $400,000,000 for our client.

    The Company will use net proceeds from this offering to reduce amounts outstanding under its unsecured revolving credit facilities and for general business purposes.

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  • National Retail Properties, Inc.

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2016, helping to raise $350,000,000 for our client.

    The Company intends to use the net proceeds from this offering to repay all of the outstanding indebtedness under its credit facility and to fund future property acquisitions and for general corporate purposes.

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  • 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.

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  • Ryder System, Inc. (NYSE: R)

    On November 1 2016, BB&T Capital Markets served as a co-manager for a $300 million offering of 2.25% medium-term notes due 2021 by Ryder System, Inc.

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

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  • Kimco Realty Corporation

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the fourth quarter of 2016, helping to raise $350,000,000 for our client.

    The Company intends to use the net proceed from this offering for general corporate purposes, including to repay borrowings and pre-fund 2017 debt maturities. Prior to the repayment of its 2017 debt maturities, proceeds from this offering may be used for any purpose, including to temporarily reduce borrowings.

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  • Westinghouse Air Brake Technologies Corp. (NYSE: WAB)

    On October 31 2016, BB&T Capital Markets served as a co-manager for a $750 million offering of 3.45% senior notes due 2026 by Wabtec Corp.

    Proceeds from the offering are being used to pay part of the cash portion of the acquisition of Faiveley, as well as to refinance Faiveley’s outstanding debt. Any remaining proceeds will be used for general corporate purposes.

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Samuel R. ShireySenior Vice PresidentInvestment Banker, Debt Originations704-954-1578 email Download My vCard View Bio
Bert NewsomeManaging Director 336-547-2164 email Download My vCard View Bio