BB&T Serves as Co-Manager for Southern Company Gas Group’s $350 Million Offering of 2.45% Senior Notes due 2023 and $550 Million Offering of 3.95% Senior Notes due 2046
On September 8, 2016, BB&T Capital Markets served as a co-manager for a $350 million offering of 2.45% senior notes due 2023 and $550 million offering of 3.95% senior notes due 2046 by Southern Company Gas Capital Corporation.
Proceeds from the offering of the 2.45% senior notes will be used for general corporate purposes and the proceeds from the 3.95% senior notes will be used to repay funds that The Southern Company lent to complete the acquisition of Southern Company Gas, and related transaction costs.
About the Companies
Southern Company Gas, formerly AGL Resources and recently acquired by The Southern Company, engages in natural gas distribution operations, retail operations, wholesale services, and midstream operations. The Southern Company Gas delivers natural gas to around 4.5 million customers in seven states- Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee and Maryland.
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.