BB&T Serves as Co-Manager for Dr. Pepper Snapple Group’s $400 Million Offering of 2.55% Senior Notes due 2026
On September 7, 2016, BB&T Capital Markets served as a co-manager for a $400 million offering of 2.55% senior notes by Dr. Pepper Snapple Group, Inc.
Proceeds from the offering are being used to redeem $360 million of their 6.82% Senior Notes due in 2018, and for general corporate purposes, which may include share repurchases, capital expenditures, working capital, future acquisitions and investments.
About the Companies
Dr. Pepper Snapple Group, Inc. (“DPS”) is a manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico. The Company's products consist of flavored (non-cola) carbonated soft drinks and non-carbonated beverages, including ready-to-drink teas, juices, water and mixers.
Food & Agribusiness
BB&T Capital Markets assists middle market clients across all sectors of the Food & Agribusiness industry. We have established relationships with a wide range of public and private food companies, private equity investors, and other industry participants. As full-service platform, we provide M&A advisory, equity underwriting, debt capital markets, corporate banking, sales and trading, and private capital raising services. Our nationally recognized industry expertise, combined with our best-in-class transaction execution, enables us to maximize outcomes for our corporate and private equity clients.
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.