BB&T Capital Markets Serves as Co-Manager for Ryder System Inc.’s $300 Million Offering of 2.25% Medium-Term Notes due 2021
On November 1 2016, BB&T Capital Markets served as a co-manager for a $300 million offering of 2.25% medium-term notes due 2021 by Ryder System, Inc.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
Ryder System, Inc. provides transportation and supply chain management solutions to small businesses and large enterprises worldwide. The company offers fleet management solutions, maintenance services, commercial vehicle rental services, and contract maintenance services for trucks, tractors, and trailers. The company also provides fuel services, and sells its used vehicles through retail sales centers and online. Ryder System, Inc. was founded in 1933.
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.