Business & Finance
Business and Finance
Business and Finance
Mon, July 11, 2011
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Fri, July 8, 2011 
BB&T extends credit facility to Main Street Capital -- WINSTON-SALEM, N.C., July 8, 2011 /PRNewswire/ --
BB&T extends credit facility to Main Street Capital
BB&T Capital Markets serves as sole lead arranger and sole book-running manager for the $155 million transaction
WINSTON-SALEM, N.C., July 8, 2011 /PRNewswire/ -- BB&T Capital Markets served as the sole lead arranger and book-running manager for Main Street Capital's $155 million revolving credit facility. The transaction, which closed on June 29, is the second increase for Main Street Capital's credit facility in the past year.
The transaction team leads were Steve Whitcomb, Mike Skorich and De Von Lang. BB&T Capital Markets was the lead manager for Main Street Capital's IPO in 2007 and managed secondary offerings for the company in 2009, 2010 and 2011.
Main Street Capital, based in Houston, is a principal investment firm that provides long-term debt and equity capital to lower middle market companies.
BB&T Capital Markets
BB&T Capital Markets provides a full-spectrum of capital and advisory solutions including M&A advisory, equity and debt underwriting, equity and fixed income sales and trading, equity and fixed income research, corporate banking and syndicated finance. More information about BB&T Capital Markets is available at [ http://www.bbtcapitalmarkets.com ].
About BB&T
BB&T Corporation (NYSE: [ BBT ]) is one of the largest financial services holding companies in the U.S. with $157 billion in assets and market capitalization of $19.1 billion, as of March 31, 2011. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at [ www.BBT.com ].
This news release is neither an offer to sell nor a solicitation of an offer to buy any securities.
BB&T Capital Markets is a division of Scott & Stringfellow, LLC, member NYSE/FINRA/SIPC. Scott & Stringfellow is a wholly-owned nonbank subsidiary of BB&T Corporation (NYSE: BBT). Not a deposit, not FDIC insured, not guaranteed by the bank, not insured by any federal government agency and may go down in value.
SOURCE BB&T Corporation
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