BB&T Capital Markets Serves as Co-Manager for EOG Resources’ $1 Billion Two-Tranche Senior Notes Offering
BB&T Capital Markets served as a co-manager for a $1 billion offering of senior notes by EOG Resources, Inc. The offering consisted of a $750 million tranche of 4.15% senior notes due 2026 and a $250 million tranche of 5.10% senior notes due 2036. Proceeds from the offering are being used to repay the $400 million aggregate principal amount of the company’s 2.500% senior notes due 2016 when they mature on February 1, 2016, and for general corporate purposes, including repayment of outstanding commercial paper borrowings and funding of future capital expenditures.
About the Companies
EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. As of December 31, 2014, it had a total estimated net proved reserves of 2,497 million barrels of oil equivalent (MMBoe), of which 1,140 million barrels (MMBbl) were crude oil and condensate reserves, and 467 MMBbl were natural gas liquids reserves; and 5,343 billion cubic feet were natural gas reserves. The company held approximately 624,000 net acreage position in the oil window of the Eagle Ford Shale Play near San Antonio, Texas. EOG Resources, Inc. was founded in 1985 and is headquartered in Houston, Texas.
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.