BB&T Capital Markets Serves as a Co-Manager for Weyerhaeuser Company’s $750 Million 4.00% Offering of Senior Notes due 2029
On February 21, 2019, BB&T Capital Markets served as a co-manager for an offering of $750 million 4.00% senior unsecured notes due 2029.
Proceeds from the offering are being used to repay existing debt and for general corporate purposes.
About the Companies
Weyerhaeuser is one of the world’s largest private owners of timberlands. Weyerhaeuser owns or controls 12.2 million acres of timberlands in the U.S., and manages an additional 14 million acres of timberlands under long-term licenses in Canada. The company realizes value through growing and harvesting the trees and by the sale of properties. Weyerhaeuser is also one of the largest manufacturers of wood products in North America. The company manufactures and distributes high-quality wood products, including structural lumber, oriented strand board, engineered wood products and other specialty products. These products are primarily supplied to the residential, multi-family, industrial, light commercial and repair and remodel markets. Weyerhaeuser operates 35 manufacturing facilities in the United States and Canada. Weyerhaeuser is a real estate investment trust (“REIT”).
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.