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With the backing of one of the largest financial institutions in the United States, BB&T Capital Markets brings deep industry expertise and a full slate of client-focused services to middle market firms. We invite you to experience the difference we can bring to your business.

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  • Digital Realty Trust, Inc. (NYSE: DLR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2015, helping to raise $714,000,000 for our client.

    The Company intends to use the net proceeds from this offering to repay its global revolving credit facility, and fund the Telx Acquisition. The Company has granted the underwriters a 30-day option to purchase an additional 1,570,000 shares at the public offering price to cover over-allotments, if any.

    

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  • WPX Energy Inc. (NYSE: WPX)

    BB&T Capital Markets’ Energy Group completed a transaction for an oil & natural gas exploration & production company in the third quarter of 2015, in an mandatory convertible preferred stock offering worth $350,000,000.

    The Company intends to use the net proceeds from the offering to fund, in part, its acquisition of RKI Exploration & Production LLC from First Reserve Corp. The Company has granted the underwriters a 30-day option to purchase an additional 1,050,000 shares at the public offering price to cover over-allotments, if any.

    The offering was made separately and concurrently with a common equity offering and a high-yield notes offering, for which BB&T Capital Markets also served as a co-manager for each.

    

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  • Radiant Logistics, Inc. (NYSE: RLGT)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a global logistics and transportation provider in the third quarter of 2015, helping to raise over $51 million for our client.

    The Company intends to use the net proceeds from this offering for repayment of indebtedness under its revolving credit facility, as well as general corporate purposes. Total gross proceeds include the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,000,000 shares.

    

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  • WPX Energy Inc. (NYSE: WPX)

    BB&T Capital Markets’ Energy Group completed a transaction for an oil & natural gas exploration & production company in the third quarter of 2015, in an equity offering worth $303,000,000.

    The Company intends to use the net proceeds from the offering to fund, in part, its acquisition of RKI Exploration & Production LLC from First Reserve Corp.  The Company has granted the underwriters a 30-day option to purchase an additional 4,500,000 shares at the public offering price to cover over-allotments, if any.

    The offering was made separately and concurrently with a mandatory convertible preferred stock offering and a high-yield notes offering, for which BB&T Capital Markets also served as a co-manager for each.

    

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  • CVS Health Corporation (NYSE: CVS)

    On July 13, 2015, BB&T Capital Markets served as a  co-manager for a $15 billion six-tranche offering of senior notes by CVS Health Corporation. The offering consisted of $2.25 billion of 1.9% Notes due 2018; $2.75 billion of 2.8% Notes due 2020; $1.5 billion of 3.5% Notes due 2022; $3 billion of 3.875% Notes due 2025; $2 billion of 4.875% Notes due 2035; and $3.5 billion of 5.125% Notes due 2045. Proceeds from this offering are being used to finance CVS’ acquisition of Omnicare and Target’s pharmacy operations.

    

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  • Ventas Realty, L.P.

    On July 9, 2015, BB&T Capital Markets served as a  co-manager for a $500 million offering of senior notes by Ventas Realty, L.P. Proceeds from this offering are being used to for working capital and other general corporate purposes, including funding pending or future acquisitions and investments.

    

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  • CNX Coal Resources LP (NYSE: CNXC)

    BB&T Capital Markets’ Energy Group completed a transaction for thermal coal mining company in the third quarter of 2015, in an equity offering worth $75,000,000.

    Separately and concurrently, CNX Coal Resources completed a private placement of $75,000,000 with certain funds managed by Greenlight Capital, Inc. The Company intends to use the net proceeds from the offering to pay a dividend to its parent, CONSOL Energy, and for general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 750,000 shares at the public offering price to cover over-allotments, if any.

    

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  • Ashland Inc.

    On June 30, 2015, Niteo Products, LLC, a newly-formed affiliate of Highlander Partners, L.P., acquired Valvoline’s car care products assets from Ashland Inc. BB&T Capital Markets served as the exclusive financial advisor to Ashland Inc.

    

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  • Eck Supply Company

    On June 30, 2015, Eck Supply Company (“Eck Supply” or the “Company”), was acquired by Sonepar USA (“Sonepar”). Also, on June 26, 2015, the Lynchburg, Virginia, branch of Eck Supply was acquired by Electrical Equipment Company (“EECO”). BB&T Capital Markets served as the exclusive financial advisor to Eck Supply for both transactions.

    

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  • BB&T Corp. (NYSE: BBT)

    On June 22, 2015, BB&T Capital Markets served as a lead manager for a $1 billion offering of 2.625% senior unsecured notes due in 2020 by BB&T Corporation. Proceeds from the offering were used for general corporate purposes.

    

  • National Fuel Gas Company (NYSE: NFG)

    On June 22, 2015, BB&T Capital Markets served as a  co-manager for a $450 million offering of 5.20% senior notes due in 2025 by National Fuel Gas Company. Proceeds from the offering were used for general corporate purposes, including the reduction of short-term debt.

    This offering represents the first bond transaction by National Fuel Gas to which BB&T Capital Markets has been invited.

    

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  • Oxford Lane Capital Corporation (NASDAQ GS: OXLC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a registered closed-end management investment company in the second quarter of 2015, helping to raise $30,000,000 in gross proceeds for our client. The preferred shares trade on the NASDAQ GS under the symbol “OXLCO.”

    The Company intends to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes. The Company has granted the underwriters a 30-day option to purchase an additional 183,673 shares at the public offering price to cover over-allotments, if any.

    

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  • Smith & Wesson Holding Corporation

    On June 15, 2015, BB&T Capital Markets' Corporate Banking Group closed $280 million in credit facilities for Smith & Wesson Holding Corporation. BB&T committed $60 million to the facilities as the Joint Lead Arranger and Joint Bookrunner.

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  • Cisco Systems, Inc. (Nasdaq: CSCO)

    On June 10, 2015, BB&T Capital Markets served as a  co-manager for a $5 billion offering of floating and fixed-rate senior notes by Cisco Systems, Inc. The offering consisted of five tranches, with maturities varying from 2018 to 2025. Proceeds from the offering were used for general corporate purposes, including to return capital to shareholders pursuant to Cisco’s previously-announced capital allocation strategy through the repurchase of shares of its common stock and the payment of cash dividends.

    This offering represents the second bond transaction by Cisco Systems to which BB&T Capital Markets has been invited.

    

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  • Southern Company (NYSE: SO)

    On June 9, 2015, BB&T Capital Markets served as a  co-manager for a $600 million offering of 2.75% senior notes due 2020 by The Southern Company. The net proceeds from the sale of the Series 2015A Senior Notes will be used by the company to pay a portion of its outstanding short-term indebtedness, which aggregated approximately $765,000,000 as of June 8, 2015, and for other general corporate purposes, including investment by the company in its subsidiaries.

    

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  • 1-800 Radiator & A/C

    BB&T Capital Markets served as the exclusive financial advisor to 1-800 Radiator and A/C, the largest franchised automotive parts distributor in North America, in its sale to Driven Brands, a leader in automotive service franchising and the parent company of such leading franchise brands as MAACO® and Meineke Car Care Centers®. Driven Brands is a portfolio company of Roark Capital Group.


    “1-800 Radiator and A/C is a truly innovative platform in the automotive aftermarket,” said Rex Green, managing director in BB&T Capital Markets Automotive Aftermarket Group and head of Retail & Consumer investment banking. “The Company has transformed the aftermarket temperature control supply chain and as part of the Driven Brands family, we would expect it to continue to apply its advanced technology and business processes to other aftermarket products and services.”


    “Having known the Company and its management team for a number of years and witnessed its growth into a national distribution platform first-hand, we are looking forward to watching its next phase of growth as part of Driven Brands,” added Jonathan Carey, managing director and head of BB&T Capital Markets’ Automotive Aftermarket Group.


    The terms of the transaction are undisclosed.

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Thom Albrecht

Managing Director, Senior Equity Research AnalystLogistics & Transportation Services

Patrick Martin

Managing DirectorStrategic Advisory Group