BB&T Capital Markets Serves as an Underwriter on RLJ Lodging Trust’s Follow-On Equity Offering

Transaction Summary

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.

About the Companies

RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust. The Company invests primarily in premium-branded, focused-service and compact full-service hotels. RLJ Lodging Trust owns hotels in multiple states and the District of Columbia.

Real Estate

BB&T Capital Markets offers real estate companies an integrated platform of equity and debt underwriting, M&A advisory, sales and trading and corporate banking solutions.

About BB&T Capital Markets

BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, equity research and sales and trading. Headquartered in Richmond, Va., with offices throughout the U.S., we have specific expertise within eleven distinct industry verticals including Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Financial Services; Food & Agribusiness; Logistics & Transportation Services; Healthcare; Education; Energy; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.

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