BB&T Capital Markets Serves as Co-Manager for National Fuel’s $300 Million 3.95% Offering of Senior Notes due 2027
On September 18, 2017, BB&T Capital Markets served as a co-manager for an offering of $300 million 3.95% senior notes due 2027 by National Fuel Gas Company.
National Fuel Gas intends to use the proceeds from the offering for general corporate purposes, including paying down outstanding debt.
About the Companies
National Fuel Gas Company is a diversified energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The company operates an integrated business, with assets centered in western New York and Pennsylvania, being used for, and benefiting from, the production and transportation of natural gas from the Marcellus Shale basin. The company also develops and produces oil reserves, primarily in California. National Fuel Gas Company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The utility segment sells natural gas or provides natural gas transportation services to approximately 742,235 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania.
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.