BB&T Capital Markets Serves as Co-Manager for Duke Energy’s $1.75 Billion Three-Tranche Offering of Senior Notes
On August 7, 2017, BB&T Capital Markets served as a co-manager for a three-tranche offering of $500 million 2.40% senior notes due 2022, $750 million 3.15% senior notes due 2027, and $500 million 3.95% senior notes due 2047 by Duke Energy Corporation.
Proceeds from the offering are being used to repay at maturity $700 million aggregate principal amount of 1.625% Senior Notes due August 15, 2017, to repay outstanding commercial paper and for general corporate purposes.
About the Companies
Duke Energy, together with its subsidiaries, is a diversified energy company with both regulated and unregulated utility operations. Duke conducts business through the following operating business segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest to approximately 7.5 million retail electric customers in 6 states in the Southeast and Midwest regions of the United States covering a service territory of approximately 95,000 square miles; and owns approximately 49,300 megawatts (MW) of generation capacity. The Gas Utilities and Infrastructure segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and owns, operates, and invests in various pipeline transmission and natural gas storage facilities. The Commercial Renewables segment acquires, builds, develops, and operates wind and solar renewable generation projects.
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.