BB&T Capital Markets Serves as a Co-Lead Manager on BlackRock 2022 Global Income Opportunity Trust’s Initial Public Offering
BB&T Capital Markets’ Financial Services Group completed a transaction for BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO) in the first quarter of 2017, helping to raise $210,000,000 in gross proceeds for our client.
The Trust will invest the net proceeds of the offering in accordance with the Trust’s investment objective and policies. The Trust has given the Underwriters an option to purchase up to 3,060,481 additional common shares within 45 days of the date of this prospectus solely to cover over-allotments.
About the Companies
BlackRock 2022 Global Income Opportunity Trust is a newly organized, non-diversified, closed-end management investment company with no operating history. The Trust’s investment objective is to seek to distribute a high level of current income and to earn a total return, based on the net asset value of the Trust’s common shares, that exceeds the return on the Bloomberg Barclays 1-3 Month U.S. Treasury Bill Index by 5.00% on an annualized basis over the life of the Trust, under normal market conditions.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory 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.