BB&T Capital Markets Serves as Co-Manager for Concho Resources’ $1.8 Billion Two-Tranche Offering of Senior Notes due 2027 and 2047
On September 13, 2017, BB&T Capital Markets served as a co-manager for an offering of $1.0 billion 3.750% senior notes due 2027 and $800 million 4.875% senior notes due 2047 by Concho Resources Inc.
Proceeds from the offering will be used to repay outstanding debt.
About the Companies
Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas properties in the United States. The company’s principal operating areas are located in the Permian Basin of southeast New Mexico and west Texas. As of December 31, 2016, its total estimated proved reserves were 720.0 million barrels of oil equivalent. Concho Resources Inc. was founded in 2006.
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.