BB&T Capital Markets Serves as Co-Manager for WPX Energy’s $150 Million 5.25% Offering of Senior Notes due 2024
On August 8, 2017, BB&T Capital Markets served as a co-manager for an offering of $150 million 5.25% senior notes due 2024 by WPX Energy, Inc. This offering is an add-on for the existing $500 million 5.25% Senior Notes due 2024.
Proceeds from the offering are being used to make Tender Offers.
About the Companies
WPX Energy, Inc. is an independent oil and natural gas exploration and production company which engages in the exploitation and development of unconventional properties in the United States. The company’s principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado. The company has a strategic partnership with Howard Midstream Energy Partners, LLC to develop oil gathering and natural gas processing infrastructure in the Stateline area of the Permian’s Delaware 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.