BB&T Capital Markets Serves as Co-Manager for Leggett & Platt, Inc.’s $500 Million 3.500% Offering of Senior Notes due 2027
On November 14, 2017, BB&T Capital Markets served as a co-manager for an offering of $500 million 3.500% senior notes due 2027 by Leggett & Platt, Inc.
Proceeds from the offering are being used for general corporate purposes, which will include the repayment or refinancing of existing debt.
About the Companies
Leggett & Platt is a diversified manufacturer which serves a broad suite of customers and conceives, designs, and produces a diverse array of products that can be found in most homes, offices, and vehicles. The company sells its products through sales representatives and distributors. Founded in 1883, Leggett & Platt is made up of 17 business units, 20,000 employee-partners, and 130 facilities in 19 countries.
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.