BB&T Capital Markets serves as a Co-Manager on Gladstone Investment Corporation’s Follow-On Equity Offering
BB&T Capital Markets’ Financial Services Group completed a transaction for Gladstone Investment Corporation, a Business Development Corporation (“BDC”), in the second quarter of 2017, helping to raise $21,154,386 in gross proceeds for our client.
Gladstone Investment Corporation intends to use the net proceeds from this offering to repay indebtedness, and for general corporate purposes. Total gross proceeds includes the exercise of the underwriters’ 30-day over-allotment option.
About the Companies
Gladstone Investment Corporation is a publicly traded Business Development Company that seeks to make secured debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.
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.