Debt Capital Markets

Backed by one of the strongest banks in the U.S. and aided by one of the largest Fixed Income Sales & Trading forces in the middle market sector, BB&T Capital Markets investment bankers are well positioned to bring clients the financing they need at the most competitive rates possible.

We deploy our bankers in industry-specific teams that allow them to build expertise in our clients’ operations as well as the financial expertise to assemble financing plans that work.  In addition, our investment bankers work closely with our industry specific corporate banking specialists—a factor that allows us to offer our clients an array of tools that rivals even the largest of Wall Street’s financial houses, while maintaining a personal touch on every deal.

As a result, our client list ranges from the nation’s largest banks to its most local senior housing—all with the same attention to detail.

 

BB&T Capital Markets bankers managed or co-managed $85.4 billion in bond issues for clients in 2012

  • 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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  • Microchip Technology Inc. (NasdaqGS: MCHP)

    BB&T Capital Markets’ Diversified Industries Group completed a transaction for Microchip Technology Inc. in the first quarter of 2017, helping to raise $2,300,000,000 in gross proceeds for our client.

    The offering consists of $1.8 billion of convertible senior subordinated notes due 2027, and $500mm convertible junior subordinated notes due 2037. Microchip Technology Inc. intends to use the net proceeds of this offering to repay indebtedness and for general corporate purposes. Microchip also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $270 million aggregate principal amount of the 2027 notes and an additional $75 million aggregate principal amount of the 2037 notes to cover over-allotments.

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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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  • Regency Centers Corporation (NYSE: REG)

    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 $650,000,000 for our client.

    The Company intends to use the net proceeds of these offerings to repay approximately $285 million in aggregate principal amount of Equity One debt and any related interest, fees and expenses in connection with the consummation of the Equity One merger, to redeem REG’s preferred units, and to fund investment activities and for general corporate purposes, including transaction expenses related to the merger with Equity One.

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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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  • 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.

     

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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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