BB&T Capital Markets Serves as a Co-Manager on Oasis Petroleum Inc.’s Convertible Notes Offering
BB&T Capital Markets’ Energy Group completed a transaction for an exploration and production company in the third quarter of 2016, helping to raise $300,000,000 in gross proceeds for our client.
The Company intends to use the net proceeds from the offering to fund its tender offers for up to $275mm, plus accrued interest of its senior notes, and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 25,000 notes.
About the Companies
Oasis is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources, primarily operating in the Williston Basin.
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.