Equity Origination

BB&T Capital Markets bankers are interested in your long-term success—not just the transaction.

Our professionals have decades of experience structuring and executing various capital raising transactions, including IPOs, follow-on equity raises, convertible debt and preferred stock offerings, PIPEs and retail medium-term notes offerings.

We collaborate with our industry investment bankers, Institutional Trading team, Corporate Bankers and BB&T Scott & Stringfellow Private Client Group to help you articulate your story to investors and price your equity transaction fairly, timely and effectively. Our goal is to demystify the entire deal-cycle process for you and your board, create the highest possible level of demand among long-term investors and to position your company in the market for long-term ownership with investors who will grow with you.

Additionally, our corporate services desk provides a full array of services to our corporate clients including At-The-Market (ATM) offerings, share repurchases, 144 sales and various equity strategies tailored to the specific needs of holders of closely held stocks. We pride ourselves on a level of attention, service and communication that is rarely found within today's fast-paced market environment.

 

We have helped our middle market clients bring more than $90 billion in public stock offerings to market since 2010

  • Camden Property Trust (NYSE: CPT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise $600,000,000 for our client.

    The Company intends to use the net proceeds of the offering to repay indebtedness and for general corporate purposes.

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  • Ventas, Inc. (NYSE: VTR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise a total of $690,250,000 for our client.

    The Company intends to use the net proceeds of this offering to fund a portion of its pending portfolio acquisition with LGM and for working capital and other general corporate purposes. The underwriters have a 30-day option to purchase an additional 1,650,000 shares to cover over-allotments.

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  • Realty Income Corporation (NYSE: O)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2019, helping to raise a total of $761,750,000 for our client.

    The Company intends to use the net proceeds of this offering to reduce indebtedness and for general corporate purposes, including potential investment opportunities. The underwriters have a 30-day option to purchase an additional 1,650,000 shares to cover over-allotments.

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  • OFS Credit Company, Inc. (NASDAQ: OCCI)

    On March 19th, 2019, BB&T Capital Markets served as a joint-bookrunner for OFS Credit Company, Inc.’s issuance of $20,000,000 million 6.875% term preferred stock due 2024 (NASDAQ: OCCIP).

    The Company intends to use the net proceeds from this transaction to acquire investments in accordance with its investment objectives and strategies, and for general working capital purposes.

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  • Stellus Investment Corporation (NYSE:SCM)

    On March 15th, 2019, BB&T Capital Markets served as a co-manager for Stellus Capital Investment Corporation’s $39,682,500 follow-on offering.

    The Company intends to use the net proceeds from this transaction to repay indebtedness under its credit facility, for general corporate purposes, which may include investing in debt or equity securities, and working capital requirements.

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  • Priority Income Fund Inc. (NYSE: PRIFC)

    On February 22nd, 2019, BB&T Capital Markets served as a joint-bookrunner for Priority Income Fund Inc.’s issuance of $40.25 million Series C term preferred stock due 2024 (NYSE: PRIFC).

    The Company intends to use the net proceeds from this transaction to make investments in accordance with its investment strategies and objective, and for general corporate purposes.

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  • RGC Resources, Inc. (NasdaqGM:RGCO)

    BB&T Capital Markets’ Energy Group completed a transaction for a Local Distribution Company (LDC) in the first quarter of 2018, helping to raise $16,100,000 in gross proceeds for our client.

    The company intends to use the net proceeds from the offering for general corporate purposes and to fund capital expenditures, such as utility plant investments and a portion of required contributions to Mountain Valley Pipeline, LLC. Total gross proceeds include the full exercise of the underwriters’ 30-day over-allotment option.

     

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  • Tremont Mortgage Trust (Nasdaq: TRMT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $50,000,000 for our client.

    The Company plans to use all the proceeds of this offering to make investments in accordance with its objectives and strategies. Prior to the time it has fully used the proceeds of this offering to make investments in its target investments, it may fund some or all of its quarterly distributions out of the proceeds of this offering. The underwriters have a 30-day option to purchase an additional 375,000 shares to cover over-allotments.

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  • Plymouth Industrial REIT, Inc. (NYSE MKT: PLYM)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $58,140,000 for our client.

    The Company will contribute the net proceeds from this offering, including any net proceeds from the exercise of the over-allotment option, to its operating partnership in exchange for OP units. The Company expect its operating partnership will use approximately $20.0 million of the net proceeds from this offering to redeem the preferred interests. The operating partnership is expected to use the remaining net proceeds to acquire and manage additional industrial properties and for general corporate purposes. Total gross proceeds includes the partial exercise of the underwriters’ over-allotment option, through which they purchased an additional 160,000 shares.

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  • Summit Hotel Properties, Inc. (NYSE: INN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise a total of $170,775,000 for our client.

    The Company intends to contribute the net proceeds from this offering to Company's operating partnership in exchange for additional common units of company's operating partnership. The Company's operating partnership intends to use the net proceeds from this offering for general corporate purposes, including repayment of borrowings under company's senior unsecured revolving credit facility and acquisitions of additional hotel properties. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,350,000 shares.

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  • Morgan Stanley (NYSE: MS)

    BB&T Capital Markets’ Financial Services Group completed a transaction in the first quarter of 2017, helping to raise $1 Billion in gross proceeds for our client.

    The Company intends to use the net proceeds from the offering for general corporate purposes.

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  • BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO)

    BB&T Capital Markets’ Financial Services Group completed a transaction for BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO) in the first quarter of 2017, helping to raise $210,000,000 in gross proceeds for our client.

    The Trust will invest the net proceeds of the offering in accordance with the Trust’s investment objective and policies. The Trust has given the Underwriters an option to purchase up to 3,060,481 additional common shares within 45 days of the date of this prospectus solely to cover over-allotments.

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  • Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO) in the first quarter of 2017, helping to raise $255,000,000 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objective and policies. The Fund has granted the underwriters a 45 day option to purchase up to 3,825,000 additional shares to cover over-allotments.

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  • Physicians Realty Trust (NYSE: DOC)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $313,950,000 for our client.

    The Company intends to contribute the net proceeds of this offering to its operating partnership in exchange for OP units in its operating partnership, and operating partnership intends to use the net proceeds of this offering (i) to fund a portion of the purchase price for the CHI Acquisition and (ii) for general corporate purposes, including, without limitation, working capital and investment in real estate. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 2,250,000 shares.

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  • Alexandria Real Estate Equities, Inc. (NYSE: ARE)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise a total of $774,110 for our client. Gross proceeds includes the initial issuance of 2,100,000 shares at this time, and full physical settlement of the forward sale agreements, expected to occur no later than March 9, 2018.

    The Company intends to use the net proceeds from the offering and forward sale agreements to fund pending and recently completed acquisitions, near-term highly leased development projects, and the redemption of Series E Preferred Stock, with any remaining proceeds being held for general working capital and other corporate purposes, including the reduction of the outstanding balance on its unsecured senior line of credit, if any. Total gross proceeds includes the partial exercise of the underwriters’ over-allotment option, through which they purchased an additional 755,000 shares.

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  • Realty Income Corporation (NYSE: O)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $672,700,000 for our client.

    The Company intends to use the net proceeds from this offering to repay a portion of the borrowings outstanding under its $2.0 billion revolving credit facility, to fund potential investment opportunities, and for other general corporate purposes. Total gross proceeds includes the partial exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,000,000 shares.

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Michael EssexManaging DirectorHead of Capital Markets Origination804-780-3229 email Download My vCard View Bio
Adam HahnVice PresidentEquity Capital Markets Origination Manager804-780-3201 email Download My vCard View Bio
Eric WatsonManaging Director, Head of Equity SyndicateEquity Capital Markets804-780-3228 email Download My vCard View Bio
D. Reid BurfordManaging DirectorHead of Corporate Equity Services804-782-8700 email Download My vCard View Bio