ANNOUNCEMENTS
2/15/2012
27th Annual Transportation Services Conference
On February 15-16, 2012, BB&T Capital Markets will be hosting their 27th Annual Transportation Services Conference. This two-day conference at the Biltmore Hotel in Coral Gables, Florida, includes presentations by top executives with leading companies. Several panels and Q & A discussions will be held focusing on key trends in the industry. As always, one-on-one opportunities with the invited companies will be available to attendees. Panel participants and topics to be announced soon.
1/20/2012
BB&T Capital Markets Serves as Joint Lead Manager of Hospitality Properties Trust's Series D Pfd
1/19/2012
BB&T Capital Markets Serves as Co-Manager for UBS Covered Bond Offering
On January 19, 2012, BB&T Capital Markets served as a co-manager for UBS’ $1.5 billion offering of three-year covered bonds. The issue is backed by Swiss residential mortgages and was sold in the United States under Rule 144a. The 1.875% bonds were priced at 168.5 basis points over comparably dated Treasuries.
1/19/2012
BB&T Capital Markets Serves as Co-Manager for Goldman Sach's $4.5B Senior Notes Offerings
On January 19, 2012, BB&T Capital Markets served as a co-manager for Goldman Sachs' $4.25 billion 5.75% senior unsecured notes offering. The notes mature in 2022 and were sold at 380 basis points over comparably dated Treasuries. In addition, BB&T Capital Markets served as a co-manager on Goldman’s re-opening of its 5.125% senior notes due 2015.
1/18/2012
BB&T Capital Markets Serves as Co-Manager for SCANA Corp.'s $250MM Senior Notes Offering
On January 18, 2012, BB&T Capital Markets served as a co-manager for a $250MM offering of senior unsecured notes by SCANA Corp. The 4.125% notes mature in 2022 and were priced at 235 basis points over comparably dated Treasuries. Proceeds from the transaction were used to repay outstanding 6.25% MTNs due February 2012.
1/13/2012
BB&T Capital Markets serves as Co-Manager for J.P. Morgan's $3B Senior Notes due 2022
On January 13, 2012, BB&T Capital Markets served as a co-manager on J.P. Morgan's $3 billion 4.50% Senior Notes offering. The notes mature in 2022 and were priced at 270 basis points over comparably dated Treasuries. Proceeds were used for general corporate purposes.
1/11/2012
BB&T Capital Markets Serves as Co-Manager for Advance Auto Parts' $300MM 4.50% Senior Notes Offering
On January 11, BB&T Capital Markets served as a co-manager for a $300MM offering of 4.50% Notes due 2022 by Advance Auto Parts, Inc. Proceeds from the investment-grade offering were used to pay off borrowings under AAP's revolving credit facility and for general corporate purposes. This transaction represents the second such deal to which BB&T Capital Markets has been invited by Advance Auto in the past two years.
1/5/2012
Government Contracting Outlook for 2012: "Unpredictable"
Aerospace, Defense & Government Services Investment Banking Head John Hagan predicts uncertainty in the government contracting sector in 2012.
1/5/2012
BB&T Capital Markets Serves as Co-Manager for AmeriGas' High Yield Bond Offering
On January 5, 2012, BB&T Capital Markets served as a co-manager for AmeriGas Partners’ high yield $1.55B senior notes offering. The offering was split between two tranches--$1B of 7% Notes due in 2022 and $550MM of 6.75% Notes due in 2020. Proceeds from the offering are being used in AmeriGas’ acquisition of Heritage Propane. This is the first offering by AmeriGas on which BB&T Capital Markets has served.
12/29/2011
BB&T Capital Markets|WG Advises Henggeler Computer Consultants in its Sale to Raytheon Company
12/20/2011
Scott & Stringfellow, LLC, Advises Peoples Bancorporation, Inc., on its Sale to SCBT Financial Corp.
12/5/2011
BB&T Capital Markets Serves as Co-Manager for Senior Housing Properties' $300MM Senior Notes Deal
On December 5, 2011, BB&T Capital Markets served as a co-manager for Senior Housing Properties Trust's $300MM senior notes offering maturing in 2021. Proceeds from the offering were used to pay down amounts outstanding on the senior housing REIT's revolver.
11/30/2011
BB&T Capital Markets Serves as Co-Manager for Vornado Realty Trust's $400MM Senior Notes Offering
On November 30, 2011, BB&T Capital Markets served as a co-manager for Vornado Realty Trust's $400MM senior notes offering. The 5% notes mature in 2022. Proceeds from the offering were used for general corporate purposes. This offering is the first for Vornado, a REIT, on which BB&T Capital Markets has served.
11/21/2011
BB&T Capital Markets|WG Advises XL Associates in its Strategic Partnership with The Halifax Group
On November 21, 2011, The Halifax Group ("Halifax") announced a new partnership with the management of XL Associates, Inc. ("XL"), a global acquisition, grants, and professional services company based in McLean, Virginia. Founder and President Lloyd Mustin, II will continue to serve as President and CEO of XL. Halifax and management provided the equity financing for the transaction. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to XL Associates, Inc.
11/17/2011
BB&T Capital Markets Serves as Co-Manager for FMC Corp.'s Senior Note Offering
On November 17, 2011, FMC Corp., a producer of industrial, specialty and agricultural chemicals, invited BB&T Capital Markets to serve as a co-manager for a $300MM 3.95% senior notes offering. The notes mature in 2022. Proceeds from the transaction were used or will be used to repay existing debt, stock repurchases and general corporate purposes. The transaction is the first FMC bond offering on which BB&T Capital Markets has served.
11/14/2011
BB&T Capital Markets Advises Sagus International, Inc. on its Sale to Strategic Buyer, HNI Corp.
11/14/2011
Scott & Stringfellow, LLC Advises Virginia Savings Bancorp, Inc. on its Sale to City Holding Company
11/14/2011
BB&T Capital Markets Serves as Co-Manager for Duke Energy Bond Offering
On November 14, 2011, BB&T Capital Markets was invited to serve as a co-manager for Duke Energy Corp.'s $500MM issue of senior unsecured notes due in 2016. Proceeds from the transaction will be used to fund capital expenditures in Duke's unregulated businesses and for general corporate purposes. This transaction marks the first time, BB&T Capital Markets has served on a bond offering for Duke or its subsidiaries.
11/3/2011
BB&T Capital Markets Serves as Co-Manager for Boston Properties' $850MM Senior Notes Offering
On November 3, 2011, BB&T Capital Markets was invited to serve as a co-manager on an $850MM senior notes offering by Boston Properties, Inc. The notes, which mature in seven years, were issued via Boston Properties, L.P., the operating partnership of the REIT, and are rated Baa2/A-/BBB by Moody's, S&P, and Fitch, respectively. Proceeds from the offering are being used to repay existing debt, including the 2.875% notes maturing in 2037. This transaction represents the first debt offering by Boston Properties on which BB&T Capital Markets has been invited to serve as an underwriter.
11/2/2011
BB&T Capital Markets Advises Senior Care Centers of America, Inc., a Portfolio Company of Clearview
10/30/2011
BB&T Capital Markets Serves as Co-Manager of Gladstone Capital Corporation's Pfd Stock Offering
10/25/2011
BB&T Capital Markets Serves as Co-Manager for RBC $2B Senior Notes Offering
On October 25, BB&T Capital Markets was invited to serve as a co-manager on an $2B senior notes offering by the Royal Bank of Canada. The notes, which mature in five years, were offered in the form of $750MM of floating rate notes and $1.25B of fixed-rate notes bearing a coupon of 1.45%. Proceeds from the transaction were used for general corporate purposes.
10/19/2011
BB&T Capital Markets Serves as Co-Manager for $575MM Goldman Retail Notes Offering
On October 19, 2011, BB&T Capital Markets was invited to serve as a co-manager for Goldman Sachs' $575MM issue of senior unsecured notes due in 2061. The notes are callable in five years and were marketed to retail buyers with a $25 par amount. This is the second such offering in a year to which Goldman has invited BB&TCM to serve as a co-manager.
10/12/2011
BB&T Capital Markets Serves as Co-Manager for Laredo Petroleum's $200MM Add-on to 9.5% Notes
On October 12, BB&T Capital Markets served as a co-manager for a $200MM offering of 9.5% Notes due 2019 by Tulsa, OK-based Laredo Petroleum, Inc. The high yield offering was sold at a premium into a market featuring no other high yield deals since Sept. 27. Proceeds from the transaction were used to refinance a revolver and to fund capital expenditures. The transaction represents BB&TCM's first with this issuer.
9/23/2011
BB&T Capital Markets Advises Orthotic Holdings, Inc., on its Acquisition of Arizona AFO, Inc.
9/16/2011
BB&T Capital Markets Serves as Co-Manager for Bank of New York Mellon's $1B Senior Notes Offering
On September 16, 2011, BB&T Capital Markets served as a co-manager for a $1B offering of 3.55% Senior Unsecured Notes due in 2021 by Bank of New York Mellon. This transaction represents the second such deal for BB&TCM from Bank of New York since 2009. Proceeds from the sale are being used for general corporate purposes.
9/14/2011
BB&T Capital Markets Serves as Co-Manager for O'Reilly Automotive's $300MM Senior Notes Offering
BB&T Capital Markets served as a co-manager for a $300MM offering of 4.625% Senior Notes due 2021 by O'Reilly Automotive, Inc. The notes priced on September 14, 2011. Proceeds from the issuance are being used to repurchase common stock and may be used to repay borrowings outstanding from time to time under O'Reilly's credit facility.
9/12/2011
BB&T Capital Markets Serves as Co-Manager for Progress Energy's $500MM 1st Mortgage Bonds due 2021
On September 12, BB&T Capital Markets served as co-manager for a $500MM offering of First Mortgage Bonds by Progress Energy Carolinas. Proceeds from the sale of the bonds, which mature in 2021, were used to repay existing short-term debt and for general corporate purposes.
8/31/2011
BB&T Capital Markets Advises Prime Distribution Services on its sale to Roadrunner Transportation
8/31/2011
Robert Haile Joins BB&T Capital Markets as a Managing Dir. of Consumer's Food & Beverage Group
8/8/2011
BB&T Capital Markets Advises Webster Capital on its Recapitalization of Discovery Practice Mgmt.
7/6/2011
BB&T Capital Markets Advises Clearview Capital, LLC, on its Acquisition of Pyramid Healthcare, Inc.
4/18/2011
BB&T Advises Dr. Comfort on Its Sale to DJO Global in Transaction Valued at $254.6 Million
BB&T Capital Markets served as the exclusive financial advisor to Rikco International LLC, d/b/a Dr. Comfort, the leading developer, manufacturer and marketer of therapeutic footwear and related medical and comfort products, in its sale to DJO Global, an international provider of medical device solutions for musculoskeletal health, vascular health and pain management based in Vista, Calif. Dr. Comfort generated net sales of $71.8 million in 2010, reflecting growth of 22.5 percent over net sales of $58.6 million for the year ended Dec. 31, 2009. The deal, which closed on Apr. 7, was valued at $254.6 million. The transaction represented a collaborative effort between BB&T Capital Markets' Healthcare and Consumer Investment Banking groups and was led by Michael Weber (Healthcare).