BB&T Capital Markets Serves as Co-Manager for Ashton Woods USA LLC $255 Million 9.875% Offering of Senior Notes due 2027
On March 13, 2019, BB&T Capital Markets served as a co-manager for an offering of $255 million 9.875% senior unsecured notes due 2027 by Ashton Woods.
Proceeds from the offering are being used to repay existing debt.
About the Companies
Ashton Woods USA L.L.C. operates as a home builder. The Company designs, builds, and markets single family and townhome communities. The Company sells homes to homebuyers in Atlanta, Austin, Charleston, Dallas, Houston, Killeen/Ft. Hood, Naples, Orlando, Phoenix, Raleigh, San Antonio, Sarasota, and Tampa. Ashton Woods USA L.L.C. was founded in 1989 and is based in Roswell, Georgia.
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.