Shearman & Sterling represented Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc., as joint bookrunning managers, and BB&T Capital Markets, a division of Scott & Stringfellow, LLC, as co-manager, in connection with an offering by BB&T Corporation consisting of 38,461,538 shares of common stock, which included the exercise in full of the underwriters’ over-allotment option to purchase an additional 5,011,538 shares, for net proceeds of approximately $962 million.

The following Shearman & Sterling team advised the underwriters in the transaction: partners Michael Schiavone (New York-Capital Markets), Lona Nallengara (New York-Capital Markets), and Craig Gibian (Washington, DC-Tax); associates Kevin Roggow (New York-Capital Markets), Ann Matthews (New York-Capital Markets), David Ni (New York-Capital Markets), and Patrick Valenti (Washington, DC-Tax); and legal assistant Robert Villa (New York-Capital Markets).