BB&T Capital Markets Serves as a Co-Manager on Silicon Laboratories Inc.’s 144A Convertible Senior Notes Offering
BB&T Capital Markets’ Diversified Industries Group completed a transaction for Silicon Laboratories Inc. in the first quarter of 2017, helping to raise $400,000,000 in gross proceeds for our client.
Silicon Laboratories Inc., intends to use the proceeds from the offering to repay in full all amounts outstanding under its existing credit facility, and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriter’s over-allotment option, through which they purchased an additional $50mm in principal notes.
About the Companies
Silicon Laboratories Inc. is a provider of silicon, software and solutions for the Internet of Things (IoT), internet infrastructure, industrial, consumer and automotive markets. The Company was Founded in 1996, and had its initial public offering in 2000. Silicon Laboratories has more than 1,200 employees and 14 R&D locations worldwide.
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.