BB&T Capital Markets Serves as a Co-Manager on Oasis Midstream Partners LP’s Initial Public Offering
BB&T Capital Markets’ Energy Group completed a transaction for Oasis Midstream Partners LP, in the third quarter of 2017, helping to raise $146,625,000 in gross proceeds for our client.
OMP intends to use the net proceeds to make a distribution to Oasis Petroleum and to pay expenses related to its new revolving credit facility. Total gross proceeds includes the exercise of the underwriters’ green shoe option.
About the Companies
Oasis Midstream Partners LP is a master limited partnership which provides crude oil, natural gas, and water-related midstream services primarily in the Williston Basin. Oasis Midstream Partners LP is a subsidiary of Oasis Petroleum Inc.
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.