BB&T Capital Markets Serves as Co-Manager for Huntington Ingalls Industries, Inc.’s $600 Million 3.483% Offering of Senior Notes due 2027
On November 17, 2017, BB&T Capital Markets served as a co-manager for an offering of $600 million 3.483% senior notes due 2027 by Huntington Ingalls Industries, Inc.
Proceeds from the offering are being used to refinance existing indebtedness and for general corporate purposes.
About the Companies
Huntington Ingalls Industries, Inc. is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, Ingalls Shipbuilding ("Ingalls") and Newport News Shipbuilding ("Newport News") segments in Mississippi and Virginia have built more ships in more ship classes than any other U.S. naval shipbuilder. The company’s Technical Solutions segment was established in December 2016 and provides a wide range of professional services, including fleet support, integrated missions solutions, and nuclear and environmental and oil and gas services. Huntington Ingalls employs approximately 37,000 people operating both domestically and internationally. The company became an independent, publicly-owned company in 2011, after spinning off from Northrop Grumman.
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.