BB&T Capital Markets served as a co-manager for Booz Allen Hamilton Holding Corporation’s (NYSE: BAH) secondary offering. Booz Allen Hamilton Holding Corporation, the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., sold 12,650,000 shares of Class A common stock previously owned by an affiliate of The Carlyle Group at a price of $17 per share. Following this offering, Carlyle beneficially owns approximately 58.3 percent of the outstanding Class A common stock of Booz Allen Hamilton Holding Corporation. The selling shareholders will receive all net proceeds from the offering.Read More
On November 20, 2013, Caliber Collision Centers (“Caliber”), a leading operator of collision repair centers throughout the U.S. and an operating company of Toronto, Canada-based private equity firm ONCAP, was acquired by OMERS Private Equity. Terms of the agreement were not disclosed. BB&T Capital Markets served as financial advisor to Caliber and ONCAP in the transaction. The sale of Caliber represents BB&T Capital Markets' fifth sale of a major collision repair chain in the last five years.Read More
John Marshall Bank (the “bank”), a $627.4 million commercial bank headquartered in Reston, Va., announced on November 13, 2013 that it had priced its public offering of common stock. The total number of shares sold in the offering is 2.4 million at an offering price of $13.50 per share, for gross proceeds of approximately $32.4 million. The number of shares sold included the 400,000 oversubscription shares, and the offering price was at the top of the indicated range. The offering was effected through the efforts of the directors and executive officers of the bank, with the assistance, on a best efforts basis, of BB&T Capital Markets, a division of BB&T Securities, LLC, as sole sales agent.Read More
Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) announced on November 18, 2013, that it has completed an underwritten public offering of 1,767,770 shares of its 7.50% Series 2023 Term Preferred Stock (the "Preferred Stock"), including 142,770 shares of Preferred Stock that were issued pursuant to a partial exercise of the option granted to the underwriters, at a public offering price of $22.50 per share, raising approximately $39.8 million in gross proceeds. The Company intends to use the net proceeds from the offering for acquiring investments and for general working capital purposes, which may include the payment of operating expenses, including advisory and administrative fees and expenses.Read More
StoneCastle Financial Corp. (the “Company” or “StoneCastle”) (NASDAQ: BANX) announced on November 7, 2013, the pricing of an underwritten initial public offering of 4,400,000 shares of its common stock at a public offering price of $25 per share, raising approximately $110,000,000 in gross proceeds. Additionally, the underwriters have been granted a 45-day option to purchase 660,000 additional shares to cover over-allotments. The Company intends to use the net proceeds from the offering to purchase an initial portfolio of bank-issued preferred securities and make other new investments in community banks, among other things. In accordance with its investment objectives, StoneCastle seeks to invest primarily in privately held and publicly traded community banks through preferred equity, subordinated debt and common equity in amounts generally ranging from $5 million to $20 million each.Read More
Hubbardton Forge, LLC (“Hubbardton” or “the Company”), a portfolio company of Lineage Capital, LLC (“Lineage”), has been acquired by Bunker Hill Capital (“Bunker Hill”). BB&T Capital Markets served as the exclusive financial advisor to Hubbardton and Lineage.Read More
Hospitality Properties Trust (the "Company") (NYSE: HPT) has completed a follow-on offering of 8,500,000 shares of common stock at a public offering price of $28 per share, raising approximately $238,000,000 in gross proceeds. Additionally, the underwriters have exercised, in full, their option to purchase an additional 1,275,000 common shares, increasing the gross proceeds to $273,700,000. The Company intends to use the net proceeds of this offering to repay amounts outstanding under their revolving credit facility and for general business purposes.Read More
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