Energy Group

Our teams of energy specialists focus on distinct sectors of the field: oil & gas and utilities.

With technical expertise backed by the lending power of BB&T Corp.—one of the nation's leading financial institutions—our clients can benefit from a full suite of corporate financial services, including large syndicated lending, revolvers, supply chain financing, equipment leasing and lending, corporate trust work and traditional banking.

That, combined with our in-house equity and debt origination, M&A advisory, and the insurance risk management power of McGriff, Seibels & Williams, has made us one of the primary participants in the nation's natural resources and power financing field.

 

More than 200 years combined experience in the Energy sector

  • Duke Energy Corporation (NYSE: DUK)

    On May 11, 2018, BB&T Capital Markets served as a co-manager for an offering of $500 million Floating Rate Senior Notes due 2021 by Duke Energy Corporation.

    Proceeds from the offering will be used to repay outstanding debt.

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  • DCP Midstream, L.P. (NYSE:DCP)

    BB&T Capital Markets’ Energy Group completed a transaction for DCP Midstream L.P, a midstream energy company in the second quarter of 2018, helping to raise $150,000,000 in gross proceeds for our client.

    DCP Midstream L.P, intends to use the net proceeds from this offering for general corporate purposes including capital expenditures and to repay outstanding debt.

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  • Sabal Trail Transmission, LLC

    On April 26, 2018, BB&T Capital Markets served as a co-manager for a three-tranche offering of $500 million 4.246% senior notes, $600 million 4.682% senior notes due 2038, and $400 million 4.832% senior notes due 2048 by Sabal Trail Transmission, LLC.

    Proceeds from the offering are being used to fund a sponsor distribution.

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  • Oasis Petroleum Inc. (NYSE: OAS)

    On April 30, 2018, BB&T Capital Markets served as a co-manager for an offering of $400 million 6.25% Senior Notes due 2026 by Oasis Petroleum Inc.

    Proceeds from the offering will be used to repay outstanding debt.

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  • RGC Resources, Inc. (NasdaqGM:RGCO)

    BB&T Capital Markets’ Energy Group completed a transaction for a Local Distribution Company (LDC) in the first quarter of 2018, helping to raise $16,100,000 in gross proceeds for our client.

    The company intends to use the net proceeds from the offering for general corporate purposes and to fund capital expenditures, such as utility plant investments and a portion of required contributions to Mountain Valley Pipeline, LLC. Total gross proceeds include the full exercise of the underwriters’ 30-day over-allotment option.

     

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  • Diamondback Energy, Inc. (Nasdaq:FANG)

    On January 24, 2018, BB&T Capital Markets served as a co-manager for the $300 million add-on offering to Diamondback’s existing 5.375% senior notes due 2025.

    Proceeds from the offering will be used to repay outstanding debt.

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  • Oasis Midstream Partners LP (NYSE: OMP)

    BB&T Capital Markets’ Energy Group completed a transaction for Oasis Midstream Partners LP, in the third quarter of 2017, helping to raise $146,625,000 in gross proceeds for our client.

    OMP intends to use the net proceeds to make a distribution to Oasis Petroleum and to pay expenses related to its new revolving credit facility. Total gross proceeds includes the exercise of the underwriters’ green shoe option.

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  • National Fuel Gas Company (NYSE:NFG)

    On September 18, 2017, BB&T Capital Markets served as a co-manager for an offering of $300 million 3.95% senior notes due 2027 by National Fuel Gas Company.

    National Fuel Gas intends to use the proceeds from the offering for general corporate purposes, including paying down outstanding debt.

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  • Washington Gas Light Company

    On September 13, 2017, BB&T Capital Markets served as a co-manager for an offering of a $200 million tap of 3.796% senior notes due 2046 by Washington Gas Light Company, a subsidiary of WGL Holdings, Inc.

    There are currently no specific plans for the use of proceeds. However, the company expects to use the proceeds for general corporate purposes and for paying down debt.

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  • Concho Resources Inc. (NYSE:CXO)

    On September 13, 2017, BB&T Capital Markets served as a co-manager for an offering of $1.0 billion 3.750% senior notes due 2027 and $800 million 4.875% senior notes due 2047 by Concho Resources Inc.

    Proceeds from the offering will be used to repay outstanding debt.

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  • Southwestern Energy Company (NYSE:SWN)

    On September 11, 2017, BB&T Capital Markets served as a co-manager for an offering of $650 million 7.500% senior notes due 2026 and $500 million 7.750% senior notes due 2027 by Southwestern Energy Company.

    Proceeds from the offering will be used to repay outstanding debt.

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  • WPX Energy, Inc. (NYSE: WPX)

    On August 8, 2017, BB&T Capital Markets served as a co-manager for an offering of $150 million 5.25% senior notes due 2024 by WPX Energy, Inc. This offering is an add-on for the existing $500 million 5.25% Senior Notes due 2024.

    Proceeds from the offering are being used to make Tender Offers.

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  • Noble Energy, Inc. (NYSE: NBL)

    On August 8, 2017, BB&T Capital Markets served as a co-manager for an offering of $600 million 3.850% senior notes due 2028 and $500 million 4.950% senior notes due 2047 by Noble Energy, Inc.

    Proceeds from the offering, together with cash on hand or available liquidity, are being used to purchase or redeem outstanding $1 billion 2019 Notes pursuant to a tender offer or redemption.

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  • American Water Works Co, Inc. (NYSE: AWK)

    On August 7, 2017, BB&T Capital Markets served as a co-manager for a two-tranche offering of $650 million 2.950% senior notes due 2027 and $750 million 3.750% senior notes due 2047 by American Water Capital Corp.

    Proceeds from the offering are being used to repay $524 million principal amount of the existing 6.085% Senior Notes due 2017 upon maturity on October 15, 2017, prepay up to $327 million aggregate principal amount of the outstanding long-term debt securities due in 2018 and 2021 and repay commercial paper obligations, and for general corporate purposes.

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  • Duke Energy Corp (NYSE: DUK)

    On August 7, 2017, BB&T Capital Markets served as a co-manager for a three-tranche offering of $500 million 2.40% senior notes due 2022, $750 million 3.15% senior notes due 2027, and $500 million 3.95% senior notes due 2047 by Duke Energy Corporation.

    Proceeds from the offering are being used to repay at maturity $700 million aggregate principal amount of 1.625% Senior Notes due August 15, 2017, to repay outstanding commercial paper and for general corporate purposes.

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  • Atmos Energy Corporation (NYSE: ATO)

    On June 5, 2017, BB&T Capital Markets served as a co-manager for an offering of $750 million two-tranche senior notes due 2027 and 2044 by Atmos Energy Corporation.

    Proceeds from the offering are being used to repay $250,000,000 6.35% senior notes due 2017, and for other general corporate purposes.

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Our Areas of Expertise

Oil & Gas:

Midstream and Upstream

Utilities:

Electric, Gas, Water and Cooperatives