BB&T Capital Markets Serves as Senior Co-Manager for CDK Global, Inc.’s $500 Million 5.875% Offering of Senior Notes due 2026
On June 4, 2018, BB&T Capital Markets served as a senior co-manager for an offering of $500 million 5.875% senior notes due 2026 by CDK Global, Inc.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The Company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers. The company's solutions automate and integrate various parts of the dealership and buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair, and maintenance of vehicles. It provides solutions to dealers serving approximately 28,000 retail locations and automotive manufacturers.
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.