BB&T Capital Markets Serves as Co-Manager for Lennox International Inc.’s $350 Million Offering of 3.00% Rate Senior Notes due 2023
On October 25, 2016, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.00% senior notes due 2023 by Lennox International, Inc.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
Lennox International Inc. designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company works in Commercial and Residential Heating & Cooling segments. They provide provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, as well as rooftop units, split system/air handler combinations, small package units, chillers, and fan coils for commercial buildings. The company sells its products and services directly, as well as through distributors, and company-owned parts and supplies stores.
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.