Investment Banking

With a relentless focus on the middle market, BB&T Capital Markets combines industry expertise with superior transaction execution capabilities to achieve extraordinary outcomes for our clients.  

Our investment banking professionals work in cohesive teams to bring you a full spectrum of financial services.  With BB&T Capital Markets you get a relationship-driven approach to providing the right solutions for your needs.  We offer a full range of investment banking services—equity originations; public and private placements of debt; asset securitizations; mergers and acquisitions—along with direct lending capabilities, nationally recognized equity research, and access to specialty services such as insurance, supply chain finance, equipment finance, executive wealth management and treasury management.

Our broad approach brings results. In 2012 alone, our 70-plus investment bankers, arrayed in industry-focused and transaction specialty teams, were able to bring our clients:

  • More than $15 billion in equity capital raised as managing underwriter
  • More than $45 billion in debt capital via public and private bond issuance
  • 28 M&A deals closed—among the more than 200 we have done since 2006


Our bankers can handle clients from any field, but we have particular expertise in these sectors: Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Retail & Consumer; Education & Cultural Facilities; Energy; Financial Services; Financial Sponsors; Food & Agribusiness; Healthcare; Logistics & Transportation; and Real Estate.

 

Our industry expertise and superior transaction execution—from equity and debt origination to M&A advisory to structured lending—makes us a powerful ally

  • Wells Fargo & Company (NYSE: WFC)

    On April 23, 2015, BB&T Capital Markets served as a senior co-manager for a $2 billion offering of 3.90% medium-term notes due in 2045 by Wells Fargo & Company. Proceeds from the offering were used for general corporate purposes.

    

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  • Citigroup Inc. (NYSE: C)

    On April 20, 2015, BB&T Capital Markets served as a co-manager for a $2 billion offering of 5.95% fixed-to-floating rate non-cumulative preferred stock by Citigroup. Proceeds from the offering were used for general corporate purposes.

    

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  • Morgan Stanley (NYSE: MS)

    On April 20, 2015, BB&T Capital Markets served as a co-manager for a $2 billion offering of 3.95% subordinated notes due 2027 by Morgan Stanley. Proceeds from the offering were used for general corporate purposes.

    

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  • The Goldman Sachs Group, Inc. (NYSE: GS)

    On April 16, 2015, BB&T Capital Markets served as a co-manager for a $2 billion offering of 5.375% fixed-to-floating rate non-cumulative preferred stock by The Goldman Sachs Group, Inc. Proceeds from the offering were used for general corporate purposes.

    

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  • Monroe Capital Corporation (NASDAQ GS: MRCC)

    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 $36,382,500 in gross proceeds for our client.

    The company intends to use the net proceeds from this offering to repay indebtedness, to invest in portfolio companies in accordance with its investment objective and for other general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 367,500 shares at the public offering price to cover over-allotments, if any.

    

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  • Healthcare Realty Trust (NYSE: HR)

    On April 15, 2015, BB&T Capital Markets served as a co-manager for Healthcare Realty Trust’s $250 million offering of 3.875% senior notes due 2025. 

    Proceeds from the offering are being used to redeem the Company’s existing 6.50% senior notes due 2017.

    

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  • JPMorgan Chase & Co. (NYSE: JPM)

    On April 14, 2015, BB&T Capital Markets served as a co-manager for J.P. Morgan’s $2 billion offering of 5.3% fixed-to-floating rate non-cumulative perpetual preferred stock, Series Z. 

    

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  • Alabama Power Company

    Alabama Power Company is a wholly owned subsidiary of the Southern Company. Alabama Power generates, buys, transmits and sells electricity. The company serves retail customers to homes, businesses and industries in southern Alabama.

    

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  • Endeavor Energy Resources, L.P.

    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.

    

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  • Atlas Preparatory School

    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 the Series 2015 Bonds was to acquire and renovate the School's existing high school facilities, refinance the loan secured by the 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.

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  • Connect-Air International, Inc.

    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.

    

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  • Deutsche Bank AG (NYSE: DB)

    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.

    

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  • AFC Holdings

    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.

    

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  • Kimco Realty Corp. (NYSE: KIM)

    On March 23, 2015, BB&T Capital Markets served as a co-manager for a $350 million offering of 4.25% notes due 2045 by Kimco Realty Corp. Proceeds from the offering are being used to pre-fund near-term maturities and to pay down amounts outstanding under Kimco’s revolving credit facility.

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  • Liberty Property Trust (NYSE: LRY)

    On March 17, 2015, BB&T Capital Markets served as a co-manager for Liberty Property Trust’s $400 million offering of 3.75% senior notes due 2025. 

    Proceeds from the offering are being used for working capital and general corporate purposes, including repayment of borrowings under the company’s credit facility.

    

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  • ONEOK Partners, L.P. (NYSE: OKS)

    On March 17, 2015, BB&T Capital Markets served as a co-manager for ONEOK Partners, L.P.’s $800 million two-tranche offering of senior notes. The offering consisted of $300 million of 3.80% Senior Notes due 2020 and $500 million of 4.90% Senior Notes due 2025. 

    Proceeds from the offering were used to repay amounts outstanding under the partnership’s commercial paper program and for general partnership purposes.

    

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William E. HardySenior Managing DirectorHead of Debt Capital Markets804-649-3952email Download My vCardView Bio
Jake SavageSenior Managing DirectorCo-Head Equity Investment Banking804-780-3230email Download My vCardView Bio
William L. TysonSenior Managing DirectorCo-Head of Equity Investment Banking804-782-8774email Download My vCardView Bio