BB&T Capital Markets served as a co-manager for a $300 million offering of 8.125% senior notes due 2023 by Endeavor Energy Resources, L.P. The notes were co-offered by EER Finance, Inc. Proceeds from the offering are being used to repay indebtedness under Endeavor’s revolving credit facility.
On April 2, 2015, BB&T Capital Markets closed a $63,425,000 Series 2015A Fitch and S&P "A+" Rated Fixed Rate Bond issue, $23,550,000 Series 2015B Tax-Exempt Bank Loan, and $47,450,000 Series 2015C Tax-Exempt Bank Loan for The Moorings, Incorporated (The Moorings). The total proceeds will be used to retire The Moorings' existing Series 2000, 2005 and 2008 Variable Rate Demand Bonds and its Series 2010 Tax-Exempt Fixed Rate Bank Loan, and to fund a portion of the construction of the Moorings Park at Grey Oaks expansion project.
BB&T Capital Markets’ Automotive Aftermarket Group served as a co-manager in Axalta Coating Systems’ $1.12 billion follow-on offering. Axalta is a portfolio company of The Carlyle Group.
On April 1, 2015, BB&T Capital Markets closed a $12,190,000 tax-exempt fixed rate bond offering for Atlas Preparatory Academy ("Atlas" or the "School") through the Colorado Educational and Cultural Facilities Authority. The primary purpose of teh Series 2015 Bonds was to acquire and renovate the School's existing high school facilities, refinance the loan secured by he middle school facilities, and provide the expansion of athletic fields. Bond proceeds also provided funds for a debt service reserve fund, capitalized interest and costs of issuance.
On April 1, 2015, Connect-Air International, Inc. (“Connect-Air” or the “Company”), a portfolio company of Wincove Capital (“Wincove”), was acquired by EIS, Inc. (“EIS”), a wholly-owned subsidiary of Genuine Parts Company (“GPC”). BB&T Capital Markets served as the exclusive financial advisor to Connect-Air.
BB&T Capital Markets served as a co-manager for a $1.5 billion offering of Tier 2 subordinated notes due 2025 by Deutsche Bank AG. Proceeds from the offering are being used for general corporate purposes.
On March 27, 2015, AFC Holdings (“AFC” or the “Company”), a portfolio company of Rockwood Equity Partners, was acquired by Incline Equity Partners. BB&T Capital Markets served as the exclusive financial advisor to AFC Holdings.
BB&T Capital Markets’ Energy Group completed a transaction for an oil & natural gas exploration & production company in the first quarter of 2015, in a convertible notes offering worth $1,250,000,000.
The Company intends to use the net proceeds from this offering and the concurrent offerings to repay all or a portion of the amount outstanding under its credit facility and for general corporate purposes. Gross proceeds include the full-exercise of the underwriters’ overallotment option, through which they purchased an additional $250,000,000 in aggregate principal amount of notes.
BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the first quarter of 2015, helping to raise $103,527,600 in gross proceeds for our client.
The company intends to use the net proceeds from this offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 990,000 shares.
On March 24, 2015, BB&T Capital Markets served as a co-manager for a $500 million offering of 5.25% senior notes due 2025 by VeriSign, Inc. Proceeds from the offering were used for general corporate purposes, including, but not limited to common share repurchases.
BB&T Capital Markets served as a co-manager for a $750 million offering of 6.25% senior notes due 2023 by Whiting Petroleum Corp. The high yield senior notes issue was offered concurrently with a convertible notes and common stock offering. Proceeds from the transaction are being used to repay all or a portion of amounts outstanding under Whiting’s revolving credit facility. The remainder will be used for general corporate purposes.
8th Annual Automotive Aftermarket Conference