ANNOUNCEMENTS
4/16/2013
BB&T Capital Markets Serves as Co-Manager for Wells Fargo's $2B Senior Notes Offering
On April 16, 2013, BB&T Capital Markets served as a co-manager for a $2 billion offering of fixed and floating rate notes due in 2018 issued by Wells Fargo & Company. The $850 million fixed-rate offering was a reopening of the 1.5% senior notes offering conducted by Wells in December 2012. The floating rate tranche was priced at quarterly Libor + 63. Proceeds from the offerings are being used for general corporate purposes.
4/11/2013
BB&T Capital Markets Serves as Co-Manager for Verisign's $750MM 10-Year Notes Offering
On April 11, BB&T Capital Markets served as a co-manager for a $750 million offering of 4.625% senior notes due in 2023 by Verisign, Inc. Proceeds from the split-rated (Baa3/BB) offering are being used for share repurchases, paying down amounts outstanding on the company's revolver and for general corporate purposes. Verisign provides Internet infrastructure services for the networked world. The company's registry services include the operation of the authoritative directory for all .com, .net, .cc, .tv, and .name domains and back-end systems for all .gov, .jobs, and .edu domains. Verisign offers network intelligence and availability services, providing infrastructure assurance to organizations worldwide. This offering is the first such transaction to which BB&T Capital Markets has been invited by Verisign.
4/10/2013
BB&T Capital Markets serves as Co-Manager for Penn Virginia's $775MM Senior Notes Offering
On April 10, 2013, BB&T Capital Markets served as a co-manager for a $755 million offering of 8.5% senior notes due 2020 by Penn Virginia Corp. Proceeds from the offering are being used to fund Penn Virginia's acquisition of Magnum Hunter's Eagle Ford Shale properties. Additional proceeds are being used for a tender offer of Penn Virginia's existing 10.375% senior notes due 2016 and for repayment of amounts outstanding on Penn Virginia's revolving credit facility.
4/9/2013
BB&T Capital Markets Serves as Senior Co-Manager for National Retail's $350MM Bond Offering
On April 9, 2013, BB&T Capital Markets served as a senior co-manager for a $350 million offering of 3.3% senior notes due 2023 by National Retail Properties, Inc. The offering was upsized from an originally planned $300 million. Proceeds from the offering are being used for general corporate purposes and property acquisitions. National Retail Properties primarily invests in high-quality retail properties subject to long-term, net leases.
4/8/2013
BB&T Capital Markets Serves as Co-Manager for Dollar General's $1.3B Senior Notes Offering
On April 8, 2013, BB&T Capital Markets served as a co-manager for a $1.3 billion offering of senior notes by Dollar General Corp. The offering consisted of two tranches—a $400 million issue of 1.875% senior notes due 2018 and a $900 million issue of 3.25% senior notes due 2023. Proceeds from the offering are being used to repay amounts outstanding under the company's existing credit facilities and for general corporate purposes. This transaction represents the first offering by Dollar General to which BB&T Capital Markets has been invited.
4/5/2013
BB&T Capital Markets Serves as Co-Manager for CrownRock's $400MM Senior Notes Offering
On April 5, 2013, BB&T Capital Markets served as a co-manager for a $400 million offering of 7.125% senior notes due 2021, issued by CrownRock, L.P. and CrownRock Finance, Inc. Proceeds from the offering will be used to fund the company's obligations under a tender offer for the outstanding 10% notes due 2016. Additional proceeds will be used to pay down amounts outstanding under CrownRock's credit facility and for general corporate purposes. CrownRock is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and exploration of oil and natural gas properties. This is the first corporate bond transaction by CrownRock to which BB&T Capital Markets has been invited.
4/2/2013
BB&T Capital Markets Serves as Co-Manager for Boston Properties Notes Offering
On April 2, 2013, BB&T Capital Markets served as a co-manager for a $500 million offering of 3.125% senior notes due in 2023 by Boston Properties, L.P., the operating partnership of Boston Properties, Inc., a REIT concentrating on owning, managing, and developing downtown office properties in Boston, Washington, DC, Midtown Manhattan, and San Francisco, and other urban centers. Proceeds from the transaction are being used for investment opportunities and debt reduction.
3/22/2013
BB&T Capital Markets | Windsor Group Serves as Advisor to Honeycomb Company of America
BB&T Capital Markets | Windsor Group Serves as the Investment Banking Advisor to Honeycomb Company of America, Inc., in its Sale to Overall Capital Partners
3/22/2013
BB&T Capital Markets Serves as Co-Manager for Exterran's $350MM Senior Notes Offering
On March 22, 2013, BB&T Capital Markets served as a co-manager for a $350 million offering of 6% senior notes due 2021 to be issued by Exterran Partners, L.P. and EXLP Finance Corp. Proceeds from the offering are being used to repay amounts outstanding under Exterran's revolving credit facility. Exterran is in the business of designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services. This is the first debt offering by Exterran to which we have been invited.
3/21/2013
BB&T Capital Markets Serves as Co-Manager for Walter Energy's $450MM Senior Notes Offering
On March 21, 2013, BB&T Capital Markets served as a co-manager for a $450 million offering of 8.5% senior notes by Walter Energy, Inc. The notes mature in 2021. Proceeds from the offering are being used to repay $250 million of indebtedness outstanding under its credit facilities and the remainder for general corporate purposes. Walter Energy produces metallurgical, steam and industrial coal.
3/21/2013
BB&T Capital Markets Serves as Co-Manager for Corrections Corp.'s $675MM Senior Notes Offering
On March 21, 2013, BB&T Capital Markets served as a co-manager for a two-tranche senior notes offering by Corrections Corp. of America. The $675 million issue was split, with $325 million of seven-year notes and $350 million of ten year notes. Proceeds from the offering are being used to acquire all of CCA's outstanding 7 ¾% senior notes due 2017 or to fund up to20% of the company's REIT conversion costs, including its required distribution of C-corporation accumulated earnings and profits.
3/15/2013
BB&TCM Serves as Financial Advisor to Signature Systems Group in its sale to Linsalata Capital
On March 15, 2013, Signature Systems Group, LLC ("Signature"), a portfolio company of Dubin Clark & Company, Inc. ("Dubin Clark"), was acquired by Linsalata Capital Partners Fund VI ("LinCap"). BB&T Capital Markets served as the exclusive financial advisor to Signature and Dubin Clark.
2/12/2013
BB&T Capital Markets Serves as Co-Manager of The ExOne Company's $109.7 Million IPO
BB&T Capital Markets Serves as Co-Manager of The ExOne Company's $109.7 Million Initial Public Offering
2/11/2013
BB&T Capital Markets Serves as Co-Manager for Selective Insurance Group $185MM Senior Notes Offering
On February 5, 2013, BB&T Capital Markets served as a co-manager for a $175 million offering of 5.875% Senior Notes due 2043 by Selective Insurance Group, Inc. The notes were issued with $25 par denominations for retail distribution. Selective intends to use the net proceeds from this offering to redeem all $100 million aggregate principal amount of its 7.50% Junior Subordinated Notes due 2066 at a redemption price equal to 100% of their principal amount plus accrued and unpaid interest. Any remaining net proceeds will be used for general corporate purposes, which may include capital contributions to Selective's insurance subsidiaries. The underwriters exercised a $10 million over-allotment option on February 11, bring the total deal size to $185 million.
2/6/2013
BB&T Capital Markets Serves as Co-Manager On Martin Midstream $250MM Senior Notes Offering
On February 6, 2013, BB&T Capital Markets served as a co-manager for a $250 million offering of 7.25% Senior Unsecured Notes due 2021 by Martin Midstream Partners L.P. and Martin Midstream Finance Corp. The notes were offered only to qualified institutional buyers under Rule 144A; however, the issuers retain the right to exchange the notes in a registered exchange offer. Net proceeds from the sale of the notes are being used to repay outstanding amounts under the Martin Midstream Partners' credit facilty.
2/6/2013
BB&T Capital Markets Serves as Co-Manager for Wells Fargo $2B Subordinated Notes Offering
On February 6, 2013, BB&T Capital Markets served as a co-manager for a $2 billion offering of 3.45% Senior Subordinated Notes due 2023 by Wells Fargo & Co. The offering represents the sixth fixed-income transaction to which Wells has invited BB&T Capital Markets in the past 12 months.
1/30/2013
BB&T Capital Markets Serves as Co-Manager for Antero's $225MM Add-On Offering
On January 30, 2013, BB&T Capital Markets served as a co-manager for a $225 million add-on offering of 6% Senior Notes due 2020 by Antero Resources. Proceeds from the offering are being used to pay down outstanding debt. BB&T Capital Markets also served as a co-manager for the original offering by Antero in November 2012.
1/29/2013
BB&T Capital Markets Serves as Co-Manager for HD Supply's $1.275B Senior Notes Offering
On January 29, 2013, BB&T Capital Markets served as a co-manager for a $1.275 billion offering of 7.50% senior notes due 2020 by HD Supply, Inc. Proceeds from the offering are being used to repay outstanding indebtedness. This offering was HD Supply's second offering in January, and its fourth debt offering in the past twelve months. BB&T Capital Markets served as a co-manager on each of those prior offerings as well.
1/17/2013
BB&T Capital Markets Serves as Co-Manager for SunCoke Senior Notes Offering
On January 17, 2013, BB&T Capital Markets served as a co-manager for a $150 million offering of 7.375% senior notes due in 2020 by SunCoke Energy Partners, L.P. Proceeds from the offering are being used to repay outstanding indebtedness and for capital expenditures. This offering is concurrent with SunCoke's IPO, which also priced on January 17. The company produces coke for use in steel production. This offering represents the first piece of corporate bond business with this issuer for BB&T Capital Markets.
1/14/2013
BB&T Capital Markets Serves as Co-Manager for NuStar Fixed-to-Float Retail Notes Offering
On January 14, 2013, BB&T Capital Markets served as a co-manager for a $402.5 million offering of 7.625% fixed-to-floating rate subordinated notes due in 2043 by NuStar Logistics, L.P. The offering consisted of $25 par, retail notes, to be listed on the NYSE under the symbol "NSS". Proceeds from the offering are being used to repay amounts outstanding under NuStar's line of credit, which may be redrawn to pay a portion of NuStar's acquisition of TexStar. NuStar provides terminal, storage, and transportation services for petroleum products and anhydrous ammonia. The offering is the first one to which BB&T Capital Markets has been invited by this issuer.
1/9/2013
BB&T Capital Markets Serves as Co-Manager for HD Supply Senior Subordinated Offering
On January 9, 2013, BB&T Capital Markets served as a co-manager for a $950 million offering of 10.50% senior subordinated notes due 2021 by HD Supply, Inc. The high yield offering represents the third debt capital markets transaction by HD Supply to which BB&T Capital Markets has been invited over the past twelve months. Proceeds from the transaction are being used to redeem HD Supply's existing senior subordinated notes.
1/8/2013
BB&T Capital Markets Serves as Co-Manager for Atmos Energy Senior Notes Offering
On January 8, 2013, BB&T Capital Markets served as a co-manager for Atmos Energy Corp.'s $500 million offering of senior unsecured notes due 2043. Proceeds from the offering are being used to repay amounts outstanding on Atmos' line of credit and for general corporate purposes. The transaction represents the second debt offering to which BB&T Capital Markets has been invited by this issuer.
1/8/2013
BB&T Capital Markets Serves as Co-Manager for TravelCenters of America Retail Notes Offering
On January 8, 2013, BB&T Capital Markets served as a co-manager for TravelCenters of America's $100 million offering of 8.25% retail senior notes due 2028. Proceeds from the transaction are being used for acquisitions of additional truck-stops, capital expenditures, and other expansion activities. TravelCenters is a spin-off from Hospitality Properties Trust, from whom it leases a portion of its current property portfolio. TravelCenters' business included 243 centers in 41 states and in Canada as of December 31, 2012, operating under the brand names "Travel Centers of America," "TA," and "Petro."
12/28/2012
BB&T Capital Markets Serves as Exclusive Advisor to NSi Industries on its Sale to Summit Park
12/18/2012
BB&T Capital Markets Serves as Financial Advisor to A&R Logistics, Inc. in its Sale to Mason Wells
11/9/2012
BB&T Capital Markets | Windsor Group Serves as the Investment Banking Advisor to STS Aviation Group
11/2/2012
BB&T Capital Markets Serves as Exclusive Financial Advisor to Prestolite Wire, LLC
BB&T Capital Markets Serves as Exclusive Financial Advisor to Prestolite Wire, LLC, in its sale to General Cable Corporation
10/1/2012
BB&T Announces Closing of a $650MM Credit Facility for Piedmont Natural Gas
BB&T Capital Markets Syndicated Finance announces the closing of a $650 million credit facility for Piedmont Natural Gas. The company is headquartered in Charlotte, North Carolina and is among the largest pure play local distribution companies in the Southeast. BB&T committed $155 million to the facility as the Joint Lead Arranger and Joint Bookrunner with a final allocation of $112.5 million due to oversubscription. The purpose of the facility was to refinance existing debt and provide growth capital.
9/28/2012
BB&T Announces Closing of a $115MM Credit Facility for Massimo Zanetti Beverage USA
BB&T Capital Markets Syndicated Finance announces the closing today of $115 million in new credit facilities for Massimo Zanetti Beverage USA. The company is headquartered in Suffolk, Virginia and is among the nation’s largest coffee companies, with roasting facilities in Virginia, New Jersey, and Hawaii. BB&T committed $60 million to the facilities as the Lead Arranger and Administrative Agent with a final allocation of $50 million due to oversubscription. The purpose of the facilities was to refinance existing debt and provide growth capital.
8/16/2012
BB&T Capital Markets Serves as Co-Manager of Hatteras Financial Corp.'s $250MM Preferred Offering
8/3/2012
BB&T Capital Markets Advises Stanton Carpet Corporation in its Sale to Norwest Equity Partners
8/2/2012
Scott & Stringfellow, LLC, Advises Community Financial Corporation on its Sale to City Holding Co.
7/17/2012
BB&T Capital Markets Advises Network Global Logistics, LLC, in its Sale to Quad-C Management, Inc.
4/26/2012
BB&T Capital Markets Serves as Co-Manager of Edgen Group's $165 Million Initial Public Offering
4/4/2012
BB&T Capital Markets serves as Joint Lead Arranger for Washington Gas & Light $800MM Facility
On April 4, 2012, BB&T Capital Markets served as Joint Lead Arranger and Issuing Bank for WGL Holdings, Inc.'s new $800 million Revolving Credit Facility. WGL Holdings Inc. (NYSE: WGL) & Washington Gas Light Co., headquartered in Washington, D.C., are natural gas entities engaging in the sale and delivery of natural gas and related services.
4/2/2012
BB&T Capital Markets serves as Lead Arranger for North American Stainless $482MM syndicated facility
On January 11, 2012, BB&T Capital Markets served as Lead Arranger and Administrative Agent for North American Stainless, Inc.'s $482MM syndicated credit facility. North American Stainless, Inc. operates as a Ghent, Kentucky-based wholly-owned subsidiary of Madrid, Spain-based Acerinox, S.A..
4/1/2012
BB&T Capital Markets serves as Joint Lead Arranger for Ruddick Corporation $350MM facility
On January 31, 2012, BB&T Capital Markets served as Joint Lead Arranger for Ruddick Corporation's $350MM senior unsecured credit facility. Ruddick Corporation (now called Harris Teeter Supermarkets, Inc.) is a holding company headquartered in Charlotte, N.C. The Company, through its wholly-owned subsidiary, Harris Teeter, Inc. is engaged in the retail supermarket business.
4/1/2012
BB&T Capital Markets serves as Sole Lead Arranger for Trex Company $100MM revolving credit facility
On January 9, 2012, BB&T Capital Markets served as Sole Lead Arranger and Administrative Agent for Trex Company, Inc.'s $100MM revolving credit facility. Trex Company, Inc. (NYSE:TREX), headquartered in Winchester, VA, is a manufacturer of wood/plastic composite products for residential and commercial decking and railing applications.
3/31/2012
BB&T Capital Markets serves as Sole Lead Arranger for Mountaineer Gas Company $70MM facility
On December 15, 2011, BB&T Capital Markets served as Sole Lead Arranger and Administrative Agent for Mountaineer Gas Company's new $70MM unsecured revolving credit facility, an increase from its current $57.5 million facility. Headquartered in Charleston, WV, Mountaineer Gas serves approximately 226,000 customers and is the largest natural gas distribution company in West Virginia.
3/30/2012
BB&T Capital Markets serves as Sole Lead Arranger for Main Street Capital Corp $210MM facility
On November 21, 2011, BB&T Capital Markets served as Sole Lead Arranger and Administrative Agent for Main Street Capital Corporation's $210MM revolving credit facility. Main Street Capital Corporation (NYSE: MAIN) is a business development company specializing in equity, equity-related, and debt investments.
3/29/2012
BB&T Capital Markets serves as Joint Lead Arranger for Gladstone Investment Corp $60MM facility
On October 26, 2011, BB&T Capital Markets served as Joint Lead Arranger and Administrative Agent for Gladstone Investment Corporation's $60 million 3-year Revolving Credit Facility. Gladstone Investment Corporation (NASDAQ: GAIN) is a publicly traded buyout fund (BDC), headquartered in Washington, DC, that seeks to make debt and equity investments in small and mid-sized businesses in the U.S. in connection with acquisitions, changes in control and recapitalizations.
2/23/2012
