BB&T Serves as a Co-Manager for Washington Gas Light Company's $250 Million Offering of 3.796% Medium Term Notes due 2046
On September 13, 2016, BB&T Capital Markets served as a co-manager for a $250 million offering of 3.796% medium term notes due 2046 by Washington Gas Light Company.
Proceeds from the offering are being used to retire short-term debt primarily used to fund the company’s capital expenditure program and for general corporate purposes.
About the Companies
WGL Holdings, Inc., through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services.
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.