Debt Capital Markets

Backed by one of the strongest banks in the U.S. and aided by one of the largest Fixed Income Sales & Trading forces in the middle market sector, BB&T Capital Markets investment bankers are well positioned to bring clients the financing they need at the most competitive rates possible.

We deploy our bankers in industry-specific teams that allow them to build expertise in our clients’ operations as well as the financial expertise to assemble financing plans that work.  In addition, our investment bankers work closely with our industry specific corporate banking specialists—a factor that allows us to offer our clients an array of tools that rivals even the largest of Wall Street’s financial houses, while maintaining a personal touch on every deal.

As a result, our client list ranges from the nation’s largest banks to its most local senior housing—all with the same attention to detail.

 

BB&T Capital Markets bankers managed or co-managed $85.4 billion in bond issues for clients in 2012

  • Government Properties Income Trust (Nasdaq: GOV)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the third quarter of 2017, helping to raise $300,000,000 for our client.

    The Company intends to use the net proceeds from this offering to finance, in part, its transaction with First Potomac Realty Trust. Pending the consummation of the transaction, the Company may repay future amounts outstanding under its revolving credit facility or invest the net proceeds from this offering in short term investments.

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  • Physicians Realty Trust (NYSE: DOC)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise a total of $408,000,000 for our client.

    The Company intends to use the net proceeds of this offering (i) to repay a portion of the outstanding indebtedness under its revolving credit facility, (ii) to fund pending acquisitions (iii) for general corporate purposes, including, without limitation, working capital and investment in real estate. The underwriters have a 30-day option to purchase an additional 3,000,000 shares to cover over-allotments.

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  • Tanger Factory Outlet Centers, Inc. (NYSE: SKT)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $300,000,000 for our client.

    The Company intends to use the net proceeds from this offering to redeem all of its outstanding 2020 notes.

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  • Government Properties Income Trust (Nasdaq: GOV)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise a total of $462,500,000 for our client.

    The Company intends to use the net proceeds to help fund the Company’s planned acquisition of First Potomac Realty Trust. GOV may also elect to use the proceeds to repay amounts outstanding under its unsecured revolving credit facility or to fund short-term investments, pending the closing of the all-cash deal with First Potomac. The underwriters have a 30-day option to purchase an additional 3,750,000 shares to cover over-allotments.

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  • Regency Centers Corporation (NYSE: REG)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $300,000,000 for our client.

    The Company intends to use proceeds from the offering (i) to redeem all of the 3,000,000 outstanding shares of its 6.0% Series 7 preferred shares (ii) to retire approximately $112 million of loans secured by mortgages with interest rates ranging from 7.0% to 7.8% on various properties and (iii) for general corporate purposes.

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  • AvalonBay Communities, Inc. (NYSE: AVB)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $300,000,000 for our client.

    The Company will use net proceeds from the offering to prepay the indebtedness outstanding under company's Freddie Mac secured debt pool maturing on May 1, 2019 and to pay a related yield maintenance penalty. The Company also intends to use the net proceeds of this offering to reduce indebtedness outstanding under company's unsecured revolving credit facility.

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  • UDR, Inc. (NYSE: UDR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $300,000,000 for our client.

    The Company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness.

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  • Brixmor Property Group Inc. (NYSE: BRX)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $500,000,000 for our client.

    The Company’s operating partnership plans to fully or partially use the net proceeds from the offering to repay outstanding debt under its $1.25 billion unsecured revolving credit facility and for general corporate purposes.

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  • Summit Hotel Properties, Inc. (NYSE: INN)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $200,000,000 for our client.

    The Company intends to contribute the net proceeds from any sale of shares of it's common stock offered to the Company’s operating partnership. The Company’s operating partnership intends to use the net proceeds for general corporate purposes, which may include, among other things, acquiring additional hotel properties, funding capital improvements at it's hotel properties, repaying it's debt or redeeming shares of it's outstanding preferred stock.

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  • Simon Property Group, Inc. (NYSE: SPG)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $1,350,000,000 for our client.

    The Company intends to use the net proceeds of these offerings to fund the planned optional redemption of its 5.650% notes due 2020 and to use any additional net proceeds for general corporate purposes.

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  • Regency Centers Corporation (NYSE: REG)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $500,000,000 for our client.

    The Company expects to use the net proceeds from this offering to fund their development or redevelopment activities, fund potential acquisition opportunities, repay amounts outstanding under their revolving credit facility and/or for general corporate purposes.

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  • Capitala Finance Corporation (NASDAQ: CPTA)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Capitala Finance Corporation, serving as a co-manager on the $50mm Convertible Notes Offering (NASDAQ: CPTAG), and helping to raise $50mm of gross proceeds for our client.

    Capitala expects to use a portion of the net proceeds from the 6.00% Senior Notes due 2022, and the 5.75% Convertible Notes due 2022 offerings to redeem all of the outstanding indebtedness under the 7.125% 2014 Notes. On May 26, 2017, Capitala officially called the remaining $113.44mm in aggregate principal of the 2014 Notes, and will redeem them on June 25, 2017 at 100% of their principal amount ($25 per note), plus accrued and unpaid interest. Any net proceeds in excess of the outstanding indebtedness of the 2014 Notes will be used to repay borrowings under Capitala’s credit facility. Total gross proceeds of the Senior Notes includes the $5.0mm exercise of the underwriter’s 30 day overallotment option. Capitala also granted the underwriter’s a 30 day option to purchase an additional $7.50mm Convertible Notes to cover overallotments.

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  • Capitala Finance Corporation (NASDAQ: CPTA)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Capitala Finance Corporation in the second quarter of 2017. BBTCM served as a Joint-Bookrunner on the $75mm Senior Notes Offering (NASDAQ: CPTAL), helping to raise $75mm of gross proceeds for our client.

    Capitala expects to use a portion of the net proceeds from the 6.00% Senior Notes due 2022, and the 5.75% Convertible Notes due 2022 offerings to redeem all of the outstanding indebtedness under the 7.125% 2014 Notes. On May 26, 2017, Capitala officially called the remaining $113.44mm in aggregate principal of the 2014 Notes, and will redeem them on June 25, 2017 at 100% of their principal amount ($25 per note), plus accrued and unpaid interest. Any net proceeds in excess of the outstanding indebtedness of the 2014 Notes will be used to repay borrowings under Capitala’s credit facility. Total gross proceeds of the Senior Notes includes the $5.0mm exercise of the underwriter’s 30 day overallotment option. Capitala also granted the underwriter’s a 30 day option to purchase an additional $7.50mm Convertible Notes to cover overallotments.

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  • Select Income REIT (NASDAQ: SIR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $350,000,000 for our client.

    The Company intends to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility and for general business purposes.

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  • AvalonBay Communities, Inc. (NYSE: AVB)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $400,000,000 for our client.

    The Company intends to use net proceeds to reduce borrowings under its $1.5 billion unsecured revolving credit facility, a portion of which was used for the repayment of secured indebtedness, and for general corporate purposes, which may include acquisition, development, and redevelopment of apartment communities, and refinancing of other debt.

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  • Mid-America Apartment Communities, Inc. (NYSE: MAA)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2017, helping to raise $600,000,000 for our client.

    The Company intends to use net proceeds to repay amounts outstanding under its $1 billion revolving credit facility and for general corporate purposes, which may include repaying other debt and buying or renovating apartment communities.

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