BB&T Capital Markets Serves as Co-Manager for Buckeye Partner’s $600 Million Offering of 3.95% Rate Senior Notes due 2026
On October 27, 2016, BB&T Capital Markets served as a co-manager for a $600 million offering of 3.95% senior notes due 2026 by Buckeye Partners, L.P.
Proceeds from the offering are being used to fund a portion of the purchase price for the VTTI Acquisition.
About the Companies
Buckeye Partners, L.P. owns and operates liquid petroleum products pipeline systems in the United States. The company’s three segments are Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. The company transports liquid petroleum products, such as gasoline, jet fuel, diesel fuel, heating oil, and kerosene, propane and butane, and crude oil. They operate over 6,000 miles of pipeline and are involved in the wholesale of refined petroleum products.
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.