BB&T Capital Markets Serves as a Joint Lead Manager on Nuveen Credit Opportunities 2022 Target Term Fund’s Initial Public Offering
BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO) in the first quarter of 2017, helping to raise $255,000,000 in gross proceeds for our client.
The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objective and policies. The Fund has granted the underwriters a 45 day option to purchase up to 3,825,000 additional shares to cover over-allotments.
About the Companies
Nuveen Credit Opportunities 2022 Target Term Fund is a newly organized, diversified, closed-end management investment company. The Fund’s investment objectives are to provide a high level of current income and to return $9.85 per share (the original net asset value per common share, before deducting offering costs of $0.02 per share) to holders of common shares on or about June 1, 2022.
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.