Equity Capital Markets

With more than 200 professionals, our full-service, industry-focused equity platform delivers a comprehensive suite of Wall Street-caliber solutions to meet the needs of our middle-market clients. Our industry-focused investment bankers work in teams with experienced sales and trading professionals to deliver superior service and outcomes.

Our industry specialists focus on specific segments of the middle market, and are committed to providing outstanding service to our clients. As a result, BB&T Capital Markets is where industry expertise meets the best in transaction execution.

 

We have helped our middle market clients bring more than 285 public stock offerings to market since 2010

  • Tremont Mortgage Trust (Nasdaq: TRMT)

    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 $50,000,000 for our client.

    The Company plans to use all the proceeds of this offering to make investments in accordance with its objectives and strategies. Prior to the time it has fully used the proceeds of this offering to make investments in its target investments, it may fund some or all of its quarterly distributions out of the proceeds of this offering. The underwriters have a 30-day option to purchase an additional 375,000 shares to cover over-allotments.

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  • Fidus Investment Corporation (Nasdaq: FDUS)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Fidus Investment Corporation, a Business Development Company (BDC), in the second quarter of 2017, helping to raise $29,400,000 in gross proceeds for our client. Fidus Investment Corporation intends to use the net proceeds to make investments in lower middle market companies in accordance with our investment objective and strategies and for working capital and general corporate purposes.

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

    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 $170,775,000 for our client.

    The Company intends to contribute the net proceeds from this offering to Company's operating partnership in exchange for additional common units of company's operating partnership. The Company's operating partnership intends to use the net proceeds from this offering for general corporate purposes, including repayment of borrowings under company's senior unsecured revolving credit facility and acquisitions of additional hotel properties. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,350,000 shares.

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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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  • STAG Industrial, Inc. (NYSE: STAG)

    BB&T Capital Markets’ Real Estate Group is participating in a transaction for a real estate investment trust, helping to raise up to $300,000,000 for our client.

    The Company intends to use the net proceeds to fund acquisitions, to repay indebtedness, including amounts outstanding under the company's credit facility, for working capital and other general corporate purposes, or a combination of the foregoing.

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  • BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO)

    BB&T Capital Markets’ Financial Services Group completed a transaction for BlackRock 2022 Global Income Opportunity Trust (NYSE: BGIO) in the first quarter of 2017, helping to raise $210,000,000 in gross proceeds for our client.

    The Trust will invest the net proceeds of the offering in accordance with the Trust’s investment objective and policies. The Trust has given the Underwriters an option to purchase up to 3,060,481 additional common shares within 45 days of the date of this prospectus solely to cover over-allotments.

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  • Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO) in the first quarter of 2017, helping to raise $255,000,000 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objective and policies. The Fund has granted the underwriters a 45 day option to purchase up to 3,825,000 additional shares to cover over-allotments.

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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 first quarter of 2017, helping to raise $313,950,000 for our client.

    The Company intends to contribute the net proceeds of this offering to its operating partnership in exchange for OP units in its operating partnership, and operating partnership intends to use the net proceeds of this offering (i) to fund a portion of the purchase price for the CHI Acquisition and (ii) for general corporate purposes, including, without limitation, working capital and investment in real estate. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 2,250,000 shares.

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  • Alexandria Real Estate Equities, Inc. (NYSE: ARE)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise a total of $774,110 for our client. Gross proceeds includes the initial issuance of 2,100,000 shares at this time, and full physical settlement of the forward sale agreements, expected to occur no later than March 9, 2018.

    The Company intends to use the net proceeds from the offering and forward sale agreements to fund pending and recently completed acquisitions, near-term highly leased development projects, and the redemption of Series E Preferred Stock, with any remaining proceeds being held for general working capital and other corporate purposes, including the reduction of the outstanding balance on its unsecured senior line of credit, if any. Total gross proceeds includes the partial exercise of the underwriters’ over-allotment option, through which they purchased an additional 755,000 shares.

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  • Realty Income Corporation (NYSE: O)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the first quarter of 2017, helping to raise $672,700,000 for our client.

    The Company intends to use the net proceeds from this offering to repay a portion of the borrowings outstanding under its $2.0 billion revolving credit facility, to fund potential investment opportunities, and for other general corporate purposes. Total gross proceeds includes the partial exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,000,000 shares.

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  • Triangle Capital Corporation (NYSE: TCAP)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Triangle Capital Corporation, a Business Development Company (“BDC”) in the first quarter of 2017, helping to raise $136,500,000 in gross proceeds for our client.

    Triangle Capital Corporation intends to use the net proceeds of this public offering to make additional investments in lower middle market companies in accordance with its investment objective and strategies, and for working capital and general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 1,050,000 shares at the public offering price to cover over-allotments.

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  • Microchip Technology Inc. (NasdaqGS: MCHP)

    BB&T Capital Markets’ Diversified Industries Group completed a transaction for Microchip Technology Inc. in the first quarter of 2017, helping to raise $2,300,000,000 in gross proceeds for our client.

    The offering consists of $1.8 billion of convertible senior subordinated notes due 2027, and $500mm convertible junior subordinated notes due 2037. Microchip Technology Inc. intends to use the net proceeds of this offering to repay indebtedness and for general corporate purposes. Microchip also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $270 million aggregate principal amount of the 2027 notes and an additional $75 million aggregate principal amount of the 2037 notes to cover over-allotments.

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  • Just Energy Group Inc. (NYSE: JE, TSX: JE)

    BB&T Capital Markets’ Energy Group completed a transaction for an energy management solutions provider in the first quarter of 2017, helping to raise $100mm in gross proceeds for our client.

    Just Energy intends to use the net proceeds from the offering to support liquidity, and pre-fund debt maturities in 2018 and 2019. The Company has granted the underwriters a 30-day  option to purchase an additional 600,000 Preferred shares to cover over-allotments.

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  • Nuveen High Income November 2022 (NYSE: JPT)

    BB&T Capital Markets’ Financial Services Group completed a transaction for Nuveen Investment Inc.’s High Income November 2022 Target Term Fund (“JPT”) in the first quarter of 2017, helping to raise $162,500,000 in gross proceeds for our client.

    The Fund will invest the net proceeds of the offering in accordance with the Fund’s investment objective and policies as stated below. It is presently anticipated that the Fund will be able to invest substantially all of the net proceeds in accordance with the Fund’s investment objective and policies within approximately three months after the completion of the offering. The Fund has granted the underwriters an option to purchase up to 975,000 additional shares to cover over-allotments.

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