Equity Origination

BB&T Capital Markets bankers are interested in your long-term success—not just the transaction.

Our Equity Origination team provides the expertise and market intelligence to assist with structuring and optimal distribution of all equity and equity-linked securities, including IPOs, fully marketed and overnight follow-on offerings, at-the-market offerings (ATMs), convertible debt and preferred stock, and private investments in public entities (PIPEs). We collaborate with our industry investment bankers, Institutional Sales & Trading team and BB&T Scott & Stringfellow Private Client Group to help you articulate your story to investors and price your equity transaction fairly and effectively. Our goal is to demystify the entire deal-cycle process for you and your board, create the highest possible level of demand among long-term investors, and to position your company in the market for long-term ownership with investors who will grow with you.

Our effectiveness has made us the go-to firm for a broad array of middle market and larger companies. In one sector alone—the Automotive Aftermarket—BB&T Capital Markets has managed every public equity offering from 2009 through the end of 2012.

Our corporate services desk provides a full array of services to our corporate clients including 144 sales, stock buybacks and various equity strategies tailored to the specific needs of holders of closely held stocks.

 

We have helped our middle market clients bring more than $34 billion in public stock offerings to market since 2003

  • TreeHouse Foods, Inc. (NYSE: THS)

    BB&T Capital Markets’ Food & Agribusiness Group completed a transaction for a food manufacturer and distributor in the third quarter of 2014, in an equity offering worth $325,000,000. The Company intends to use the net proceeds from the offering to finance a portion of the acquisition of Flagstone Foods, a manufacturer and distributor of snacks and dried fruits, which the Company expects to close in the third quarter of 2014. TreeHouse plans to finance the remaining portion of the acquisition through borrowings under its existing credit agreement.

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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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  • Macquarie Infrastructure Company LLC (NYSE: MIC)

    BB&T Capital Markets’ Commercial & Industrial Group completed a transaction for an infrastructure holding company in the third quarter of 2014, in an equity offering worth $764,750,000. The Company intends to use the net proceeds from the offering to finance the cash consideration for the acquisition of remaining interest of International-Matex Tank Terminals. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,500,000 shares.

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  • Materialise NV (NASDAQ GS: MTLS)

    BB&T Capital Markets’ Aerospace & Technology Group completed a transaction for a 3-D printing software company in June 2014, in an equity offering worth $96,000,000. The Company intends to use the net proceeds from the offering to expand 3D printing service center capacity, increase sales and marketing teams, fund additional research and development, and for general corporate purposes.

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  • Emerge Energy Services, L.P. (NYSE: EMES)

    BB&T Capital Markets Equity Origination Group completed a transaction for a frac sand MLP in the second quarter of 2014, in an equity offering worth $383,388,215. This transaction represents a continued sale of the interests of the partnership’s private equity sponsor, Insight Equity.

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  • Installed Building Products, Inc. (NYSE: IBP)

    BB&T Capital Markets’ Commercial & Industrial Group completed a transaction for a building products company in June 2014, in an equity offering worth $101,250,000. This transaction represents a continued sale of the interests of the company’s private equity sponsors, who were all long-term investors prior to the IPO.

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  • Health Care REIT, Inc. (NYSE: HCN)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2014, helping to raise $1,003,835,000 for our client. The Company intends to use net proceeds from this offering to repay advances under its primary unsecured credit facility and for general corporate purposes, including investing in health care and senior housing properties. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 2,100,000 shares.

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  • StoneMor Partners, L.P. (NYSE: STON)

    BB&T Capital Markets Equity Origination Group completed a transaction for a Cemetery MLP in the second quarter of 2014, in an equity offering worth $61,542,000. StoneMor Partners L.P. is an owner and operator of cemeteries and funeral homes in the United States, with 303 cemeteries and 99 funeral homes in 28 states and Puerto Rico. StoneMor is the only publicly traded death care company structured as a partnership. The Partnership intends to use the net proceeds from the offering first to pay the purchase price of certain assets to be acquired from Service Corporation International (“SCI”) and to use the remainder of the proceeds to pay down borrowings outstanding under its existing credit facility.

  • RLJ Lodging Trust (NYSE: RLJ)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2014, helping to raise $243,340,000 for our client. The Company intends to use the net proceeds from the offering to fund potential acquisitions and for general corporate purposes, and may use net proceeds to repay amounts outstanding from time to time under its unsecured revolving credit facility. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,200,000 shares.

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  • Select Income REIT (NYSE: SIR)

    BB&T Capital Markets’ Real Estate Group completed a transaction for a real estate investment trust in the second quarter of 2014, helping to raise $261,000,000 for our client. The Company intends to use the proceeds from the offering to repay amounts outstanding under its revolving credit facility and for general business purposes, including possible future acquisitions of properties.

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  • ONEOK Partners, L.P. (NYSE: OKS)

    BB&T Capital Markets Energy Group completed a transaction for a natural gas pipeline MLP in the second quarter of 2014, in an equity offering worth $736,660,100. The Partnership intends to use the net proceeds from the offering for general partnership purposes and to repay outstanding indebtedness under its commercial paper program. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,815,000 units.

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  • Martin Midstream Partners, LP. (NASDAQ: MMLP)

    BB&T Capital Markets Energy Group completed a transaction for a midstream hydrocarbon MLP in the second quarter of 2014, in an equity offering worth $149,436,000. The Partnership intends to use the net proceeds from the offering to repay outstanding indebtedness incurred under its revolving credit facility and for general partnership purposes. Amounts repaid under the revolving credit facility may be re-borrowed to fund future acquisitions.

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  • HD Supply Holdings, Inc. (NASDAQ: HDS)

    BB&T Capital Markets’ Commercial & Industrial Group completed a transaction for an industrial distribution company in the second quarter of 2014, in an equity offering worth $780,000,000. This transaction represents a continued liquidation of the interests of the company’s private equity sponsors, who initially purchased the company in 2007.

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  • Medley Capital Corporation (NYSE: MCC)

    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 $79,500,000 in gross proceeds for our client. The company intends to use the net proceeds from this offering to repay a portion of the outstanding indebtedness under its revolving credit facility, fund new investment opportunities and for general corporate purposes.

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  • New Mountain Finance Corporation (NYSE: NMFC)

    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 $57,557,500 in gross proceeds for our client. The company intends to use the net proceeds from this offering to make investments in accordance with its objective and strategies, and for general corporate purposes, including debt repayment and other working capital needs. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 525,000 shares.

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  • Main Street Capital Corporation (NYSE: MAIN)

    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 $144,900,000 in gross proceeds for our client. The company intends to use the net proceeds from this offering to pay down its credit facility, make investments within its objective and strategies, to pay operating expenses and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 600,000 shares.

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D. Reid BurfordHead of Corporate Equity ServicesEquity Capital Markets804-782-8700email Download My vCardView Bio
Michael EssexManaging Director Equity Capital Markets Origination804-780-3229email Download My vCardView Bio
Eric WatsonSyndicate ManagerEquity Capital Markets804-780-3228email Download My vCardView Bio