BB&T Serves as Joint Book-Running Manager for Eagle Materials’ $350 Million Offering of 4.50% Senior Notes due 2026
On July 28, 2016, BB&T Capital Markets served as a book-running lead manager for a $350,000,000 offering of senior notes by Eagle Materials Inc. Proceeds from the offering were used to repay a portion of the amounts outstanding under Eagle’s credit facility.
About the Companies
Eagle Materials is a diversified producer of basic construction products and building materials used in residential, industrial, commercial and infrastructure construction and products used in oil and natural gas extraction. Eagle’s construction products are used in residential, industrial, commercial and infrastructure construction and include cement, slag, concrete and aggregates. Eagle’s building materials are sold into similar markets and include gypsum wallboard. Eagle’s
basic materials used for oil and natural gas extraction include frac sand and oil well cement.
Eagle conduct its operations through five different business segments:
• Cement and slag.
• Gypsum wallboard.
• Recycled paperboard.
• Concrete and aggregates.
• Oil and gas proppants.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
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.