BB&T Capital Markets Serves as a Co-Manager on Stellus Capital Investment Corporation’s Follow-On Offering
On March 15th, 2019, BB&T Capital Markets served as a co-manager for Stellus Capital Investment Corporation’s $39,682,500 follow-on offering.
The Company intends to use the net proceeds from this transaction to repay indebtedness under its credit facility, for general corporate purposes, which may include investing in debt or equity securities, and working capital requirements.
About the Companies
Stellus Capital Invesment Corporation is an externally-managed, closed-end, non-diversified investment management company. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA through first lien (including unitranche), second lien and unsecured debt financing, with corresponding equity co-investments. The Company's investment activities are managed by its investment adviser, Stellus Capital Management.
BB&T Capital Markets Financial Services Group has extensive experience providing community banks and thrifts, business development companies, and other specialty finance companies with a full range of public and private capital raising solutions, M&A advisory, fairness opinions and other strategic advisory 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.