BB&T Capital Markets Serves as Co-Manager for Boardwalk Pipelines’ $550,000,000 5.95% Ten-Year Senior Notes Offering
On May 11, 2016, BB&T Capital Markets served as a co-manager for a $550 million offering of 5.95% senior notes due 2026 by Boardwalk Pipelines, LP. Proceeds from the offering are being used for general partnership purposes, which may include, among other things, growth capital expenditures, repayment of future maturities of long-term debt and additions
to working capital.
About the Companies
Boardwalk Pipelines, LP, is a subsidiary of Boardwalk Pipeline Partners, LP. Boardwalk Pipeline Partners, through its subsidiaries, provides transportation, storage, gathering, and processing services for natural gas and natural gas liquids (NGLs). The company operates interstate natural gas and NGLs pipeline systems, including integrated storage facilities. Its pipeline systems contain approximately 14,195 miles of interconnected natural gas pipelines, directly serving customers in 13 states and indirectly serving customers throughout the northeastern and southeastern U.S. through various interconnections with unaffiliated pipelines. The company also owns approximately 255 miles of NGLs pipelines serving customers in Louisiana. In addition, it has underground storage caverns having aggregate capacity of approximately 207.0 billion cubic feet of working natural gas and 17.6 million barrels of NGLs. The company serves customers, including producers of natural gas, local distribution companies, marketers, electric power generators, industrial users, and interstate and intrastate pipelines. The company is headquartered in Houston, Texas. Boardwalk Pipeline Partners, LP is a subsidiary of Boardwalk Pipelines Holding Corp.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; 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.