ANNOUNCEMENTS
7/30/2010
BB&T Capital Markets|Windsor Group serves as Advisor to Vision Systems & Technology, Inc. (VSTI)
7/30/2010
BB&T Capital Markets Serves as Joint Lead Arranger for Shenandoah Telecommunications Co.
Shenandoah Telecommunications Company (NASDAQ: SHEN) enters into a new $248 million senior credit facility. BB&T Capital Markets serves as Joint Lead Arranger and Syndication Agent.
7/27/2010
BB&T Capital Market Serves as Sole Lead Arranger for Ready Mix USA
Ready Mix USA enters into a new senior revolving and term credit facility. BB&T Capital Markets serves as Sole Lead Arranger and Administrative Agent for the transaction.
7/14/2010
BB&T Capital Markets Serves as Advisor to Tappan Wire & Cable in its Sale to Southwire Company
7/1/2010
BB&T Capital Markets|Windsor Group served as Advisor to STADCO in its sale to Corinthian Capital
6/28/2010
BB&T Capital Markets|Windsor Group Advises SGIS in its sale to Salient Federal Solutions, Inc.
6/23/2010
Zaxby's Completes Debt Recapitalization
6/22/2010
BB&T Capital Markets awarded Industrial Manufacturing/Distribution Deal of the Year by M&A Advisor
6/18/2010
BB&T Capital Markets Taps New Head of Debt Capital Markets
BB&T Capital Markets announced that Bill Hardy will become head of the debt capital markets group and join its executive leadership team. Hardy, senior managing director, brings more than 25 years of experience in debt capital markets to this role, including 11 years with BB&T as the head of debt investment banking. His responsibilities as head of debt capital markets include oversight of investment banking, sales & trading and research. "BB&T is committed to serving the debt capital markets, and Bill's extensive experience will help us continue to grow and expand our debt sales, trading and banking business," said Rufus Yates, President and CEO of Scott & Stringfellow, LLC, which includes its division BB&T Capital Markets. "Bill also brings strong relationships with our partners on the street and insight into this business that will serve BB&T and our clients well." BB&T Capital Markets has a rich history of serving and advising both taxable and tax-exempt borrowers across the country with offices in Richmond, New York, Charlotte and Boca Rotan. "Our distribution power combined with BB&T's strong corporate lending efforts provides us with a distinct advantage that will enhance our organization's growth in the capital markets area," said Bill Hardy.
6/10/2010
BB&T Capital Markets Serves as Senior Mgr for Cleveland County, NC
Cleveland County financed the construction of a new middle school through the issuance of $22,000,000 Recovery Zone Facility Bonds and Qualified School Construction Bonds, both of which were part of the American Recovery and Reinvestment Act. BB&T Capital Markets served as the Senior Manager for the transaction.
6/10/2010
BB&T Capital Markets Serves as Co-Manager for Zions Bancorporation's Preferred Offering
On June 10, BB&T Capital Markets served as a co-manager for Zions Bancorporation's $125MM offering of 11% perpetual preferred stock. The dividend is scheduled to re-set every two years at the then-current 2-year Treasury rate + 10.22%. Proceeds from the offering will be used for general corporate purposes.
6/8/2010
BB&T Capital Markets Serves as Co-Manager for Triumph Group Senior Notes Offering
On June 8, 2010, BB&T Capital Markets served as a co-manager for Triumph Group's offering of $350MM 8.625% Senior Notes due 2018. Proceeds from the offering will be used to finance Triumph's acquisition of Vought Aircraft Industries, Inc. The transaction marks the second offering by Triumph over the past year to which BB&T Capital Markets has been invited.
6/3/2010
BB&T ranks 4th in Loan Syndication League Table for Q1
BB&T ranks 4th in the Middle Market South East Loan Syndication League Table for Q1 per Thomson Reuters LPC.
6/2/2010
BB&T Capital Markets Serves as Lead Manager for Tanger Properties Debt Offering
On June 2, 2010, BB&T Capital Markets served as a joint lead manager on a $300MM offering of 6.125% Senior Notes by Tanger Properties, L.P. The notes mature in 2020. Proceeds from the offering were used to repay indebtedness under a term loan as well as to pay the costs to terminate interest rate swap agreements associated with the term loan. In addition, Tanger will repay indebtedness under its unsecured lines of credit. The transaction marked the third corporate bond transaction for which BB&TCM was awarded a lead managing role.
6/1/2010
BB&T Capital Markets is Exclusive Advisor to Nanston on its Sale to Great Expressions Dental Centers
On June 1, 2010, Great Expressions Dental Centers, Inc., a portfolio company of Audax Group, acquired Nanston, Inc., and entered into a long term management agreement to manage the dental practices of Nanston Dental Group, PC, located in Atlanta, Georgia. BB&T Capital Markets served as the exclusive financial advisor to Nanston, Inc.
6/1/2010
Wall Street Journal and Financial Times/StarMine awards for 2010
Six BB&T Capital Markets equity research analysts were recognized for their stock selection and earnings estimation performance in separate national surveys by The Wall Street Journal and Financial Times/StarMine. The following BB&T Capital Markets analysts were recognized: Matt McCall, Andrew Wolf, John Kasprzak, Frank Mitsch, Anthony Cristello, and Scott Krasik. The BB&T Capital Markets Equity Research Department also was ranked in the FT/StarMine survey as No. 1 in the Most Productive Brokers category based on having the second-highest number of individual award winners compared with the total number of qualifying analysts.
5/24/2010
BB&T Capital Markets Serves as Co-Manager for Wabash National Corp.
Wabash National Corp. is one of the leading manufacturers of semi-trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, dump trailers, truck bodies and intermodal equipment.
5/13/2010
BB&T Capital Markets Serves as Co-Lead Manager for Roadrunner Transportation Systems, Inc.'s IPO
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced the pricing of its initial public offering of 10,600,644 shares of its common stock at $14.00 per share for gross proceeds of $148.4 million. This includes 1,600,644 shares sold by selling shareholders.
5/13/2010
BB&T Capital Markets Serves as Co-Manager of Solar Capital Ltd.'s Follow-on Offering
Solar Capital Ltd. (NASDAQ: SLRC) announced the completion of its follow on offering of 5,890,123 shares of common stock which priced shares at $22.07 per share for gross proceeds of $129,995,015. Solar is an externally managed finance company. Its objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in leveraged companies, including middle-market companies, in the form of senior secured loans, mezzanine loans and equity securities. From time to time, it may also invest in public companies that are thinly traded. Solar is managed by Solar Capital Partners. Solar Capital Management provides the administrative services necessary for the Company to operate.
5/3/2010
BB&T Capital Markets Advises American Civil Constructors' Sale to Insight Equity Holdings
On May 3, 2010, Insight Equity Holdings LLC announced its acquisition of a controlling interest in American Civil Constructors Holdings, Inc. which may merge with one of Insight Equity's existing portfolio companies at a later date.
4/30/2010
BB&T Capital Markets Serves as Advisor to Dynamac Intl. in its sale to Consolidated Safey Services
Fairfax, Virginia-based Consolidated Safety Services, Inc. (CSS), has acquired Rockville, Maryland-based Dynamac International, Inc. (Dynamac), a science-based professional services firm providing consulting, program management, and research and development services primarily to federal, state, regional and commercial clients. Terms of the transaction were not disclosed. The transaction expands the reach of CSS' environmental, health, and safety services across the government sector. The combined business will have a workforce of approximately 400 employees, generate annual revenues of over $55 million, and maintain a contract base that supports more than a dozen government agencies. Dynamac will operate as a wholly-owned subsidiary of CSS. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to Dynamac in this transaction.
4/26/2010
BB&T Debt Capital Markets Serves as Co-Manager for Advance Auto
On April 26, 2010, BB&T Debt Capital Markets served as co-manager for Advance Auto Parts' $300MM issue of 5.75% senior notes due in 2020. The proceeds from the issue were used to repay existing indebtedness.
4/23/2010
BB&T Capital Markets Serves as the Exclusive Financial Advisor to Service Champ, Inc.
On April 23, 2010, Fred Berman, Kevin Gibbons, and other members of the long-standing management team of Service Champ, Inc., completed the buyout of their former financial partner, Ares Capital, through a transaction making The Halifax Group their new financial partner. BB&T Capital Markets served as the exclusive financial advisor to Service Champ, Inc.
4/23/2010
BB&T Capital Markets Provides a Fairness Opinion to Summit Logistics on its Sale to Toll Holdings
Toll Holdings Limited (ASX: TOL) acquired Summit Logistics International Inc. on April 23, 2010. BB&T Capital Markets provided a fairness opinion to Summit Logistics International. Summit Logistics International Inc. operates as an international third-party logistics provider specializing in ocean transportation intermediary services for North America, Asia Pacific, and Europe. It offers domestic and international ocean, air, and ground third-party logistics services. The company services include ocean and air freight forwarding, customs clearance brokerage, military and preference cargo transportation, third-party logistics services and supply chain management capabilities, contract logistics, warehousing and distribution, and local and long distance ground transportation, as well as inter-modal (rail-based), truck-brokerage, and information services.
4/22/2010
BB&T Capital Markets structures Recovery Zone Facility Bonds for Turner Furniture
Turner Furniture, out of Tallahassee, Florida, issued $3,547,701 of Recovery Zone Facility Bonds which was part of the American Recovery and Reinvestment Act.
4/22/2010
BB&T Capital Markets Advises BBB Industries
On April 22, 2010, BBB Industries acquired the remanufacturing operations of Vista-Pro Automotive, providing BBB with a strong strategic expansion of its customer base and product lines. BBB Industries is a leading supplier of new and remanufactured starters and alternators. The Company was founded in 1987 and is headquartered in Mobile, Alabama.
4/22/2010
BB&T Capital Markets Serves as Co-Manager in THL Credit's IPO
THL Credit, Inc. is a newly organized, externally-managed, non-diversified closed-end management investment company that intends to file an election to be regulated as a business development company under the Investment Company Act of 1940. The Company’s investment objective is to generate both current income and capital appreciation, primarily through the origination of privately negotiated investments in debt and equity securities in middle-market companies.
4/19/2010
BB&T Capital Markets Serves as Sole Lead Arranger for USA Truck, Inc.
USA Truck, Inc. (NasdaqGS: USAK), entered into a new $100 million four-year senior revolving credit facility. BB&T Capital Markets served as Administrative Agent and Sole Lead Arranger for the transaction. USA Truck, Inc., operates as a truckload carrier that provides general commodities transportation services in the continental United States, Mexico and Canada. The company was incorporated in Delaware in 1986 and is headquartered in Van Buren, Arkansas.
4/13/2010
BB&T Capital Markets Serves as Co-Manager of Compass Diversified Holding's Follow-On Offering
Compass Diversified Holdings (Nasdaq: CODI) announced the completion of its follow-on public offering of 6,575,000 trust shares at $15.10 per share for gross proceeds of $99,282,500. Included in this offering was the purchase of approximately 1,300,000 shares sold in a secondary capacity also at $15.10 per share. The Company did not receive any of the proceeds from the secondary offering of the selling shareholder. CODI expects to use substantially all of its net proceeds from this offering to pay down outstanding balances on its revolving credit facility and for future potential acquisitions.
4/12/2010
BB&T Debt Capital Markets Serves As Co-Manager for Lowe's Cos. Senior Note Offerings
On April 12, 2010, BB&T Debt Capital Markets served as a co-manager for a two-part offering of senior notes by Lowe's Companies, Inc. The $500MM tranche of 4.625% Notes will be due in 2020 and the $500MM tranche of 5.8% Notes will be due in 2040. Proceeds from the transaction were used to repay existing debt and general corporate purposes, including capital expenditures and working capital needs, and to fund repurchases of common stock.
4/8/2010
BB&T Capital Markets Serves as Senior Mgr for City of Wilmington, NC
The City of Wilmington issued $32,780,000 of Tax-Exempt and Build America Bonds to finance various projects in the city as well as refund a portion of their outstanding debt. BB&T Capital Markets served as the Senior Manager for the transaction.
4/8/2010
BB&T Capital Markets Serves as Lead Arranger for Duke Energy Corp.
Duke Energy (NYSE:DUK) and its wholly-owned subsidiary, Duke Energy Carolinas, announced it has entered into a new four-year $200 million senior unsecured revolving credit facility with regional, community and minority-owned banks operating throughout the Duke Energy Carolinas service territory. BB&T Capital Markets served as Administrative Agent and Joint Lead Arranger for the transaction.
4/1/2010
BB&T Capital Markets Serves as Financial Advisor to Tangent Rail Corp. on its Sale to Stella-Jones
On April 1, 2010, Stella-Jones, Inc., announced that it had acquired Tangent Rail Corporation from PNC Equity Partners for $165 million. Tangent Rail Corporation provides rail products, such as crossties, switch ties, bridge ties, and timbers; custom timbers, grade crossings, and track panels; pre-plated crossties; creosote and borate treating services; and coal tar and creosotes. The company also offers rail services, including locomotive and car rebuilding and repairs, and yard and siding switching services; and rail energy products, such as crosstie pickup and disposal solutions, landscape ties, and crosstie-driven industrial boiler fuel.
3/23/2010
BB&T Capital Markets Advises Fleetgistics Holdings with its Sale to Harbour Group
On March 23, 2010, Harbour Group announced that it had acquired Fleetgistics Holdings, Inc. from Atlantic Street Capital. BB&T Capital Markets served as a financial advisor to Fleetgistics based in Orlando, Florida. Fleetgistics is one of the largest nationwide providers of same-day logistics services for automotive aftermarket retailers and distributors, long term care pharmacies and medical laboratories. The Company utilizes its non-asset based operating model to service over 80 cities and 30 states through its three operating divisions: Partsfleet, Medifleet and Scriptfleet. Fleetgistics was formed by Atlantic Street Capital following its acquisition of Ace Expediters, Inc., in 2007, and subsequent acquisitions of Express Courier Systems, Inc., and Network Express.
3/10/2010
BB&T Capital Markets Serves as Lead Manager on Airgas's $300MM Senior Notes Offering
On March 10, 2010, BB&T Debt Capital Markets served as a lead manager on a $300MM offering of 2.85% Senior Notes due in 2013 by Airgas, Inc. Proceeds from the offering were used to repay outstandings under the issuer's senior credit facility.
2/19/2010
BB&T Capital Markets Advises Waste Associates on its Recapitalization by BlackEagle Partners
Waste Associates Holdings, LLC has been recapitalized through an investment from BlackEagle Partners, LLC. Waste Associates is a provider of solid waste management services throughout the Mid-Atlantic United States. BB&T Capital Markets served as the exclusive financial advisor to Waste Associates Holdings, LLC.
1/21/2010
BB&T Capital Markets Serves as Co-Manager of Aegean Marine Petroleum Network's Follow-On Offering
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced the completion of its public offering of 4,491,900 shares of common stock at $32.75 per share for gross proceeds of $147,110,000. Aegean Marine Petroleum Network Inc., through its subsidiaries, operates as a marine fuel logistics company that supplies and markets refined marine fuel and lubricants to ships in port and at sea. It also markets and distributes marine lubricants under the Alfa Marine Lubricants brand name.
1/5/2010
BB&T Capital Markets Serves as Exclusive Financial Advisor to Zep Inc. in Acquisition of Amrep, Inc.
On January 5, 2010, Zep Inc. (NYSE:ZEP), a leading producer of specialty chemical products for industrial, institutional, and retail companies, announced that it has acquired Atlanta-based Amrep, Inc., a leader in maintenance chemicals for the automotive aftermarket as well as the janitorial market sold through distributors, for a cash purchase price of approximately $64.4 million. As a result of this transaction, Zep Inc.’s product and brand portfolio will now include Misty®, Next DimensionTM, i-Chem® and other Amrep proprietary brands.
1/5/2010
BB&T Capital Markets Serves as Financial Advisor to Zep Inc. in Acquisition of Amrep, Inc.
On January 5, 2010, Zep Inc. (NYSE:ZEP), a leading producer of specialty chemical products for industrial, institutional, and retail companies, announced that it has acquired Atlanta-based Amrep, Inc., a leader in maintenance chemicals for the automotive aftermarket as well as the janitorial market sold through distributors, for a cash purchase price of approximately $64.4 million, subject to post-closing working capital adjustments. As a result of this transaction, Zep Inc.’s product and brand portfolio will now include Misty®, Next DimensionTM, i-Chem® and other Amrep proprietary brands.

