BB&T Capital Markets Serves as a Joint Bookrunner on WestRock Company’s $500 Million 3.375% Offering of Senior Notes due 2027
On August 21, 2017, BB&T Capital Markets served as a joint bookrunner on an offering of $500 million 3.375% senior notes due 2027 by WestRock Company.
Proceeds from the offering are being used to repay outstanding debt under WestRock Company’s term loans, receivables facility, and other lines of credit and for general corporate purposes.
About the Companies
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia. The company operates through corrugated packaging, consumer packaging, and land and development segments. The corrugated packaging segment produces containerboards, corrugated sheets, corrugated packaging, recycled fiber, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers. The consumer packaging segment manufactures and sells folding and beverage cartons, displays, dispensing, and interior partitions; paperboards; recycled paperboards; express mail envelopes for the overnight courier industry; and secondary packages and paperboard packaging for the healthcare market. The land and development segment engages in real estate development activities. WestRock Company is based in Richmond, Virginia.
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.