Corporate Bond Originations

With a national sales platform and bankers with expertise in 11 key industries, BB&T Capital Markets is strongly positioned to deliver premium fixed-income execution to its large and middle market clients.

Backed by our substantial credit research and a broad array of corporate and investment banking tools, we can tailor offerings to address your specific needs in light of prevailing conditions in the capital markets and in your industry sector.

Depending on your needs, our fixed income products can include:

  • Senior Debt (investment grade and high yield)
  • Subordinated Debt (investment grade and high yield)
  • Convertible Debt (investment grade and high yield)
  • Private Placements
  • Trust Preferred Securities (institutional and retail)
  • Redeemable Preferred Securities (institutional and retail)
  • Perpetual Preferred Securities (institutional and retail)
  • Convertible Preferred Securities (institutional and retail)
  • Optimal Financing Strategies
  • Liability Management


We offer nationwide coverage of the public debt markets as well as the 144a market. In addition, we manage non-144a private placements.

 

BB&T Capital Markets bankers participated in more than 130 corporate bond issues for clients in 11 industries in 2012 alone, more than doubling the volume from the previous year.

  • The Southern Company

    On August 19, 2014, BB&T Capital Markets served as a co-manager for a $750 million offering of senior notes by The Southern Company. The offering consisted of a $400 million tranche of three-year notes with a coupon of 1.30%, and a $350 million tranche of five-year notes with a coupon of 2.15%. Proceeds from the offering were used to repay short-term indebtedness.

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  • XPO Logistics, Inc.

    On August 14, 2014, BB&T Capital Markets served as a co-manager for a $500 million offering of senior notes due 2019. The notes bear a coupon of 7.875%. Proceeds from the offering are to be used for XPO’s acquisition of New Breed Holding Co.

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  • Government Properties Income Trust

    On August 13, 2014, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.75% Senior Notes by Government Properties Income Trust. The notes mature in 2019. Proceeds from the transaction are being used to pay down amounts remaining outstanding on a term loan and to reduce amounts outstanding under the company’s revolving credit facility.

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  • UBS AG

    On August 11, 2014, BB&T Capital Markets served as a co-manager for a $4.5 billion offering of notes by UBS AG (Stamford Branch). The offering consisted of four tranches, including a $2.5 billion offering of 2.375% Notes due 2019; a $1.25 billion offering of 1.375% Notes due 2017; a $500 million offering of floating rate notes due 2019 and a $250 million offering of floating rate notes due 2017.

  • HCP, Inc.

    On August 7, 2014, HCP, Inc. invited BB&T Capital Markets to serve as a co-manager for an $800 million offering of 3.875% Senior Notes due in 2024. Proceeds from the offering are to be used to repay amounts outstanding under HCP revolving line of credit as well as for general corporate purposes, which may include a cash contribution to HCP’s joint venture with Brookdale Senior Living, Inc.

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  • Branch Banking & Trust Company

    On August 7, 2014, BB&T Capital Markets served as a lead manager for a $750 million offering of three-year bank notes by Branch Banking & Trust Company. The notes, Series I in BB&T’s bank notes program, bear a coupon of 1.35%. This is the second bank notes offering by BB&T in 2014, after a $1.3 billion offering in February of this year

  • Citigroup

    On August 7, 2014, BB&T Capital Markets served as a junior co-manager for a $1.5 billion offering of senior notes by Citigroup. The offering consisted of two tranches, $1.25 billion of 1.55% Senior Unsecured Notes due 2017 and $250 million of floating rate notes due 2017.

  • WellPoint, Inc.

    On August 7, 2014, BB&T Capital Markets served as a co-manager for a $2.7 billion, four-tranche offering of senior notes by WellPoint, Inc. The offering consisted of $850 million of 2.25% Notes due 2019; $800 million of 3.50% Notes due 2024; $800 million of 4.65% Notes due 2044; and $250 million of 4.85% Notes due 2054.

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  • Hercules Technology Growth Capital, Inc. (NYSE: HTGC)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the third quarter of 2014, helping to raise $100,000,000 in gross proceeds for our client. The Company intends to list the fixed-rate, senior notes (“Notes”) on the NYSE to trade under the symbol “HTGX.” The Company intends to use the net proceeds from this offering to fund investments in debt and equity securities in accordance with investment objectives and for general corporate purposes.

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  • Martin Marietta Materials, Inc.

    On June 23, 2014, BB&T Capital Markets served as a bookrunning lead manager for a $700,000,000 offering of senior notes by Martin Marietta Materials, Inc. The offering consisted of two tranches, a floating-rate tranche maturing in 2017 and a 4.25% fixed rate tranche due in 2024. Proceeds from the sale were used to redeem outstanding debt of Texas Industries, which Martin Marietta has acquired. The transaction represents the second by Martin Marietta to which BB&T has been invited since 2008 and the first lead mandate.

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  • Capitala Finance Corporation (NASDAQ GS: CPTA) (Notes Symbol: CLA)

    BB&T Capital Markets’ Financial Services Group completed a transaction for a Business Development Company (“BDC”) in the second quarter of 2014, helping to raise $113,437,500 in gross proceeds for our client. The fixed-rate, senior notes (“Notes”) have been approved for listing on the NYSE and will trade under the symbol “CLA.” The Company intends to use the net proceeds from this offering to make investments within its objectives and strategies and for general working capital purposes. Total gross proceeds includes the partial exercise of the underwriters’ over-allotment option, through which they purchased an additional 537,500 Notes.

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William E. HardySenior Managing DirectorHead of Debt Capital Markets804-649-3952email Download My vCardView Bio
Samuel R. ShireySenior Vice PresidentInvestment Banker, Debt Originations704-954-1578email Download My vCardView Bio
Bert NewsomeManaging Director Manager of Debt Private Placements336-547-2164email Download My vCardView Bio