Structured Finance

Our staff of seven senior asset backed securities investment bankers has more than 100 years of combined experience in the asset backed market.  Our investment bankers have originated and executed middle market transactions across a broad array of asset classes, including:

  • Prime and sub-prime auto
  • Equipment/truck leasing
  • Timeshare receivables
  • Credit card receivables
  • Insurance related receivables
  • Business loans
  • Trade receivables
  • Intellectual property
  • Student loans
  • Other esoteric asset classes (medical loans, tobacco settlements, cell tower revenues)

 

 

Since 2010, our team has sole or lead managed more than $1.4 billion in deals across a variety of asset classes and has participated in more than $3.2 billion in deals

  • Tidewater Finance Company

    On June 13, 2014, BB&T Capital Markets closed a $150 million subprime auto loan securitization for Tidewater Finance Company (“Tidewater”). The transaction provides Tidewater with fixed-rate, term financing for its loan portfolio at a very attractive pricing level. The proceeds of the transaction will be used to pay down Tidewater’s credit line and will create additional capacity for Tidewater’s future originations. This transaction was very well received by the market and was oversubscribed due to large investor demand. This transaction represents the third securitization in which BB&T Capital Markets has served as the sole-lead bookrunner for Tidewater since 2010.

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  • Orange Lake Country Club, Inc.

    On August 6, 2014, BB&T Capital Markets served as a co-lead manager for a $148,757,000 securitization of timeshare resort loans for Orange Lake Country Club, Inc.

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  • Bluegreen Corporation

    On September 18, 2013, BB&T Capital Markets served as a co-lead manager, bookrunner and structuring agent for a $110,625,000 offering of asset-backed notes issued by BXG Receivables Note Trust 2013-A. The notes are backed by timeshare loans originated by Bluegreen Corporation. The offering consisted of two tranches, an $89 million Class A tranche bearing a coupon of 3.01% and a $21.5 million Class B tranche, with a coupon of 4.00%. The stated maturity of both tranches is December 4, 2028; however, the average life of each tranche is 3.3 years.

  • Sole Manager - Tidewater Finance Company
  • Initial Purchaser - BlueGreen
  • Co-Manager - World Omni Financial Corp.
  • Lead Manager - Orange Lake Resorts
  • Lead Manager - 1st Financial Bank
  • Secured Resources Promissory Notes - Bush Truck Leasing, Inc.
  • Initial Purchaser - BlueGreen
  • Asset-Backed Notes Lead Manager - 1st Financial Bank
  • Placement Agent - Silverleaf Resorts, Inc
William E. HardySenior Managing DirectorHead of Debt Capital Markets804-649-3952email Download My vCardView Bio
Andrew H. YuderManaging DirectorInvestment Banker, Asset Backed Securities212-686-1878email Download My vCardView Bio
Paul B. RichardsonDirectorInvestment Banker, Asset Backed Securities212-822-8154email Download My vCardView Bio
Alan Staggers Senior Vice PresidentInvestment Banker, Structured Finance212-822-8153email Download My vCard