Structured Finance

Our staff of seven senior asset backed securities investment bankers has more than 100 years of combined experience in the asset backed market.  Our investment bankers have originated and executed middle market transactions across a broad array of asset classes, including:

  • Prime and sub-prime auto
  • Equipment/truck leasing
  • Timeshare receivables
  • Credit card receivables
  • Insurance related receivables
  • Business loans
  • Trade receivables
  • Intellectual property
  • Student loans

 

 

Since 2010, our team has sole or lead managed more than $1.4 billion in deals across a variety of asset classes and has participated in more than $3.2 billion in deals

  • Welk Resorts 2015-A, LLC

    On June 2, 2015, BB&T Capital Markets served as a joint bookrunner, co-lead manager and structuring agent for a $129.6 million offering of timeshare loan-backed notes by Welk Resorts 2015-A, LLC. The loans had been originated by Welk Resort Group, Inc. Proceeds from the offering were used to purchase the loans from Welk Resort Group.

    

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  • North Mill Equipment Finance, LLC

    On May 7, 2015, BB&T Capital Markets served as the sole lead manager for a $121,955,000 issue of equipment receivables-backed notes by North Mill Equipment Finance, LLC, through NMEF Funding 2015-A, LLC, in two tranches, rated “A (sf)” and “BBB (sf)” by Kroll Bond Rating Agency. 

    

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  • Tidewater Finance Company

    On June 13, 2014, BB&T Capital Markets closed a $150 million subprime auto loan securitization for Tidewater Finance Company (“Tidewater”). The transaction provides Tidewater with fixed-rate, term financing for its loan portfolio at a very attractive pricing level. The proceeds of the transaction will be used to pay down Tidewater’s credit line and will create additional capacity for Tidewater’s future originations. This transaction was very well received by the market and was oversubscribed due to large investor demand. This transaction represents the third securitization in which BB&T Capital Markets has served as the sole-lead bookrunner for Tidewater since 2010.

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  • Orange Lake Country Club, Inc.

    On August 6, 2014, BB&T Capital Markets served as a co-lead manager for a $148,757,000 securitization of timeshare resort loans for Orange Lake Country Club, Inc.

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  • Bluegreen Corporation

    On September 18, 2013, BB&T Capital Markets served as a co-lead manager, bookrunner and structuring agent for a $110,625,000 offering of asset-backed notes issued by BXG Receivables Note Trust 2013-A. The notes are backed by timeshare loans originated by Bluegreen Corporation. The offering consisted of two tranches, an $89 million Class A tranche bearing a coupon of 3.01% and a $21.5 million Class B tranche, with a coupon of 4.00%. The stated maturity of both tranches is December 4, 2028; however, the average life of each tranche is 3.3 years.

  • Sole Manager - Tidewater Finance Company
  • Initial Purchaser - BlueGreen
  • Co-Manager - World Omni Financial Corp.