BB&T Capital Markets Serves as Co-Manager for Noble Energy’s Two-Tranche $1.10 Billion Offering of Senior Notes due 2028 and 2047
On August 8, 2017, BB&T Capital Markets served as a co-manager for an offering of $600 million 3.850% senior notes due 2028 and $500 million 4.950% senior notes due 2047 by Noble Energy, Inc.
Proceeds from the offering, together with cash on hand or available liquidity, are being used to purchase or redeem outstanding $1 billion 2019 Notes pursuant to a tender offer or redemption.
About the Companies
Noble Energy is a crude oil and natural gas exploration and production company with a diversified high-quality portfolio spanning three continents and consisting of both US unconventional and global offshore conventional assets. Noble Energy’s historical operating areas include: US onshore, primarily the DJ Basin, Delaware Basin, Eagle Ford Shale and Marcellus Shale (until June 2017); US offshore Gulf of Mexico; Eastern Mediterranean; and West Africa. Noble’s Midstream segment owns, operates, develops and acquires domestic midstream infrastructure assets with current focus areas being the DJ and Delaware Basins. On April 24, 2017, Noble completed the acquisition of Clayton Williams Energy, Inc. (“Clayton Williams Energy”), which increased their Delaware Basin position to approximately 118,000 net acres. On June 28, 2017, Noble completed the divestiture of Marcellus Shale upstream assets, representing approximately 241 MMBoe of proved natural gas reserves as of June 30, 2017
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.