BB&T Capital Markets Serves as Co-Manager for Ashton Woods' $250 Million 6.750% Senior Notes due 2025
On July 26, 2017, BB&T Capital Markets served as a Co-Manager for an offering of $250 million 6.750% senior unsecured notes due 2025 by Ashton Woods.
Proceeds from the offering are being used to fund the Tender Offer and/or redemption of up to $100 million aggregate principal amount of the Company’s outstanding notes, to repay indebtedness outstanding under the Amended Restated Revolver (including accrued and unpaid interest and all repayment premiums payable on any of the forgoing), and for general corporate purposes.
About the Companies
Ashton Woods USA L.L.C. operates as a home builder. The Company designs, builds, and markets single family and townhome communities. Ashton Woods sells homes to homebuyers in Atlanta, Austin, Charleston, Dallas, Houston, Killeen/Ft. Hood, Naples, Orlando, Phoenix, Raleigh, San Antonio, Sarasota, and Tampa. Ashton Woods was founded in 1989 and is based in Roswell, Georgia with a division office and a studio in Alpharetta, Georgia.
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.