Equity Origination

BB&T Capital Markets bankers are interested in your long-term success—not just the transaction.

Our professionals have decades of experience structuring and executing various capital raising transactions, including IPOs, follow-on equity raises, convertible debt and preferred stock offerings, PIPEs and retail medium-term notes offerings.

We collaborate with our industry investment bankers, Institutional Trading team, Corporate Bankers and BB&T Scott & Stringfellow Private Client Group to help you articulate your story to investors and price your equity transaction fairly, timely and effectively. Our goal is to demystify the entire deal-cycle process for you and your board, create the highest possible level of demand among long-term investors and to position your company in the market for long-term ownership with investors who will grow with you.

Additionally, our corporate services desk provides a full array of services to our corporate clients including At-The-Market (ATM) offerings, share repurchases, 144 sales and various equity strategies tailored to the specific needs of holders of closely held stocks. We pride ourselves on a level of attention, service and communication that is rarely found within today's fast-paced market environment.

 

We have helped our middle market clients bring more than $90 billion in public stock offerings to market since 2010

  • 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.

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  • WPX Energy Inc. (NYSE: WPX)

    BB&T Capital Markets’ Energy Group completed a transaction for an oil & natural gas exploration and production company in the first quarter of 2017, helping to raise $670.41mm in gross proceeds for our client.

    WPX intends to use the net proceeds from the offering and cash on hand to finance the concurrently announced acquisition of certain assets of Panther Energy Company II, LLC and CP2 Operating LLC. If the acquisition is not consummated, the Company would use the net proceeds from this offering for working capital needs or general corporate purposes, which may include the repayment of indebtedness and other acquisitions. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 6,675,000 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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  • 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.

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  • Oasis Petroleum Inc. (NYSE: OAS)

    BB&T Capital Markets’ Energy Group completed a transaction for an exploration and production company in the fourth quarter of 2016, helping to raise $596,160,000 in gross proceeds for our client.

    The Company intends to use the net proceeds from the offering to partially fund the cash portion of an acquisition of approximately 55,000 net acres in the Williston Basin, and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 7,200,000 shares.

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  • Bluerock Residential Growth, 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 $77,625,000 for our client.

    The company intends to use the net proceeds of this offering for future acquisitions, investments in properties, and other general corporate and working capital purposes, which may include the funding of capital improvements at its properties. The underwriters have exercised a 30 day option to purchase an additional 405,000 shares to cover over-allotments.

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  • 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.

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  • Oasis Petroleum Inc. (NYSE: OAS)

    BB&T Capital Markets’ Energy Group completed a transaction for an exploration and production company in the third quarter of 2016, helping to raise $300,000,000 in gross proceeds for our client.

    The Company intends to use the net proceeds from the offering to fund its tender offers for up to $275mm, plus accrued interest of its senior notes, and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 25,000 notes.

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  • Chesapeake Utilities Corporation (NYSE: CPK)

    BB&T Capital Markets’ Energy Group completed a transaction for a diversified energy company in the third quarter of 2016, helping to raise $59,799,983 in gross proceeds for our client.

    BB&T Capital Markets’ Energy Group completed a transaction for a diversified energy company in the third quarter of 2016, helping to raise $59,799,983 in gross proceeds for our client.

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  • Noble Midstream Partners LP (NYSE: NBLX)

    BB&T Capital Markets’ Energy Group completed a transaction for a midstream oil & natural gas company in the third quarter of 2016, helping to raise $323,437,500 in gross proceeds for our client.

    The Company intends to use the net proceeds from the offering to pay a cash distribution to Noble Energy for dedication of initial assets and for general corporate purposes. Total gross proceeds include the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,875,000 shares.

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  • Invesco High Income 2023 (NYSE: IHIT)

    BB&T Capital Markets’ Financial Services Group completed a transaction for  the Invesco High Income 2023 Target Term Fund in the third quarter of 2016, helping to raise $234,000,000 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 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 3.2mm additional shares to cover over-allotments.

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  • Hospitality Properties Trust (NYSE: HPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2016, helping to raise $388,987,500 for our client.

    The Company intends to use the net proceeds from this offering to repay amounts outstanding under its unsecured revolving credit facility and for general business purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,650,000 shares.

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  • Duke Realty Corporation (NYSE: DRE)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $200,000,000 for our client.

    The Company intends to use the net proceeds received from this offering to partially fund development, to reduce the outstanding indebtedness and for other general corporate purposes.

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  • Equity One, Inc. (NYSE: EQY)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to sell up to 8.5 million shares worth approximately $275,000,000 for our client.

    The Company intends to use the net proceeds from this offering for general corporate purposes, which may include repaying debt and funding future acquisitions or development and redevelopment activities.

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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 2016, helping to raise $500,000,000 for our client.

    The Company intends to use the net proceeds from this offering to fund previously announced redemption of $290.9 million aggregate principal amount of 5.70% senior notes due May 1, 2017, with the remainder, if any, to be used for general corporate purposes, including to pre-fund 2017 debt maturities and partially reduce borrowings under its revolving credit facility maturing in March 2018.

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  • Seaspan Corporation (NYSE: SSW)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a containership company in the third quarter of 2016, helping to raise $225,000,000 in gross proceeds for our client. The Company will apply to have the Series H perpetual preferred shares listed on the New York Stock Exchange. The completion of this transaction marks BB&TCM’s third capital raise for Seaspan in 2016.

    The Company intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments.The Company has granted the underwriters a 30-day option to purchase an additional 1,350,000 shares at the public offering price to cover over-allotments.

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D. Reid BurfordManaging DirectorHead of Corporate Equity Services804-782-8700 email Download My vCard View Bio
Michael EssexManaging Director Equity Capital Markets Origination804-780-3229 email Download My vCard View Bio
Eric WatsonManaging Director, Head of Equity SyndicateEquity Capital Markets804-780-3228 email Download My vCard View Bio