BB&T Capital Markets Serves as a Co-Manager on The Southern Company’s Jr. Subordinated Notes Offering
BB&T Capital Markets’ Energy Group completed a transaction for a public utility holding company in the third quarter of 2016, helping to raise $800,000,000 in gross proceeds for our client.
The Company intends to use the net proceeds from the offering to repay short-term indebtedness and other general corporate purposes, including investment by the Company in its subsidiaries.
About the Companies
The Southern Company is an electric and natural gas public utility holding company. The Company, through its subsidiaries, generates, wholesales, and retails electricity in the southeastern United States.
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.