BB&T Capital Markets Serves as Co-Manager for XPO Logistics’ $1.6 Billion Offering of 6.50% Senior Notes due 2022
On June 4, 2015, BB&T Capital Markets served as a co-manager for a $1.6 billion offering of 6.50% senior notes due 2022 by XPO Logistics, Inc. Proceeds from this offering are being used to finance the purchase price for acquisitions and to repay existing indebtedness of the acquisition targets.
About the Companies
XPO Logistics, Inc. provides transportation and logistics services in the United States. The company operates through three segments: Freight Brokerage, Expedited Transportation, and Freight Forwarding. The company serves various customers ranging from small entrepreneurial organizations to Fortune 500 companies, such as manufacturing, industrial, retail, commercial, life sciences, and government sectors, as well as third-party logistics providers. XPO Logistics, Inc. was founded in 1996 and is headquartered in Greenwich, Connecticut.
Logistics & Transportation Services
BB&T Capital Markets' Logistics & Transportation Group provides M&A, capital raising and corporate banking services to companies in the logistics and transportation industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment and waste services. BB&T’s Logistics & Transportation Corporate Banking Team manages in excess of $2.1 billion of assets, comprised by more than 50 industry relationships. The team specializes in delivering corporate finance and equipment finance solutions to industry participants spread across all sectors of the transportation industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.