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; Consumer & Retail; 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

  • The Southern Company

    On August 19, 2014, BB&T Capital Markets served as a co-manager for a $750 million offering of senior notes by The Southern Company. The offering consisted of a $400 million tranche of three-year notes with a coupon of 1.30%, and a $350 million tranche of five-year notes with a coupon of 2.15%. Proceeds from the offering were used to repay short-term indebtedness.

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  • XPO Logistics, Inc.

    On August 14, 2014, BB&T Capital Markets served as a co-manager for a $500 million offering of senior notes due 2019. The notes bear a coupon of 7.875%. Proceeds from the offering are to be used for XPO’s acquisition of New Breed Holding Co.

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  • Government Properties Income Trust

    On August 13, 2014, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.75% Senior Notes by Government Properties Income Trust. The notes mature in 2019. Proceeds from the transaction are being used to pay down amounts remaining outstanding on a term loan and to reduce amounts outstanding under the company’s revolving credit facility.

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  • Tidewater Finance Company

    On June 13, 2014, BB&T Capital Markets closed a $150 million subprime auto loan securitization for Tidewater Finance Company (“Tidewater”). The transaction provides Tidewater with fixed-rate, term financing for its loan portfolio at a very attractive pricing level. The proceeds of the transaction will be used to pay down Tidewater’s credit line and will create additional capacity for Tidewater’s future originations. This transaction was very well received by the market and was oversubscribed due to large investor demand. This transaction represents the third securitization in which BB&T Capital Markets has served as the sole-lead bookrunner for Tidewater since 2010.

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  • Triangle Capital Corporation (NYSE: TCAP)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $132,773,250 in gross proceeds for our client. The Company intends to use the net proceeds from this offering to make investments within its objectives and strategies and for general working capital purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 645,000 shares.

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  • UBS AG

    On August 11, 2014, BB&T Capital Markets served as a co-manager for a $4.5 billion offering of notes by UBS AG (Stamford Branch). The offering consisted of four tranches, including a $2.5 billion offering of 2.375% Notes due 2019; a $1.25 billion offering of 1.375% Notes due 2017; a $500 million offering of floating rate notes due 2019 and a $250 million offering of floating rate notes due 2017.

  • HCP, Inc.

    On August 7, 2014, HCP, Inc. invited BB&T Capital Markets to serve as a co-manager for an $800 million offering of 3.875% Senior Notes due in 2024. Proceeds from the offering are to be used to repay amounts outstanding under HCP revolving line of credit as well as for general corporate purposes, which may include a cash contribution to HCP’s joint venture with Brookdale Senior Living, Inc.

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  • Branch Banking & Trust Company

    On August 7, 2014, BB&T Capital Markets served as a lead manager for a $750 million offering of three-year bank notes by Branch Banking & Trust Company. The notes, Series I in BB&T’s bank notes program, bear a coupon of 1.35%. This is the second bank notes offering by BB&T in 2014, after a $1.3 billion offering in February of this year

  • Citigroup

    On August 7, 2014, BB&T Capital Markets served as a junior co-manager for a $1.5 billion offering of senior notes by Citigroup. The offering consisted of two tranches, $1.25 billion of 1.55% Senior Unsecured Notes due 2017 and $250 million of floating rate notes due 2017.

  • WellPoint, Inc.

    On August 7, 2014, BB&T Capital Markets served as a co-manager for a $2.7 billion, four-tranche offering of senior notes by WellPoint, Inc. The offering consisted of $850 million of 2.25% Notes due 2019; $800 million of 3.50% Notes due 2024; $800 million of 4.65% Notes due 2044; and $250 million of 4.85% Notes due 2054.

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  • Orange Lake Country Club, Inc.

    On August 6, 2014, BB&T Capital Markets served as a co-lead manager for a $148,757,000 securitization of timeshare resort loans for Orange Lake Country Club, Inc.

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  • Aqua-Chem, Inc.

    On August 5, 2014, Aqua-Chem, Inc. (“Aqua-Chem” or the “Company”), a portfolio company of Altus Capital Partners (“Altus”), was acquired by Crimson Investment (“Crimson”). BB&T Capital Markets served as the exclusive financial advisor to Aqua-Chem.

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  • A Classified Intelligence Community Cyber Security Company

    On July 31, 2014, a Northern Virginia-based provider of high-end, cyber security, software development, and enterprise-level systems engineering services to the Intelligence Community was acquired by a market-leading, tier one strategic buyer. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to the seller. Financial terms of the transaction and the names of the parties were not disclosed at the request of the acquirer.

  • Spark Energy Inc. (NASDAQ: SPKE)

    BB&T Capital Markets Equity Origination Group completed an IPO for a retail energy services provider in the third quarter of 2014, in an equity offering worth $54,000,000. This transaction represents the sale of interest of the company’s founder and sole proprietor. The company and its underwriters utilized the ‘Up-C’ corporate structure in the execution of the IPO.

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  • Ramco-Gershenson Properties Trust (NYSE: RPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2014, helping to raise $113,505,000 for our client. The Company intends to use net proceeds from this offering to repay debt and other general corporate purposes, including financing the planned acquisition of the Buttermilk Towne Center in Crescent Springs, Kentucky. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 900,000 shares.

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  • Hurd Windows and Doors

    On July 31, 2014, HWD Acquisition, Inc. (“Hurd Windows and Doors” or the “Company”), a portfolio company of Longroad Asset Management, LLC (“Longroad”), was acquired by Sierra Pacific Industries (“Sierra Pacific”). BB&T Capital Markets served as the exclusive financial advisor to Hurd Windows and Doors.

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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