CDK Global

$500,000,000
5.875% Senior Notes due 2026
Senior Co-Manager

Transaction summary

On June 4, 2018, BB&T Capital Markets served as a senior co-manager for an offering of $500 million 5.875% senior notes due 2026 by CDK Global, Inc.

Proceeds from the offering are being used for general corporate purposes.

About the company

CDK Global, Inc. (NASDAQ: CDK)

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The Company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers. The company's solutions automate and integrate various parts of the dealership and buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair, and maintenance of vehicles. It provides solutions to dealers serving approximately 28,000 retail locations and automotive manufacturers.

Learn moreabout CDK Global, Inc. (opens in a new tab)

Diversified Industries

The Diversified Industries Team has significant transaction and advisory experience focused on coverage in a wide variety of sectors. 

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BB&T Capital Markets is a division of BB&T Securities, LLC, a wholly owned nonbank subsidiary of BB&T Corporation and Member FINRA(opens in a new tab) / SIPC(opens in a new tab). Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Corporate banking products are offered through Branch Banking & Trust Company. Read all disclosures.