BB&T Capital Markets Serves as Co-Manager for Washington Gas’ $200 Million Tap of 3.796% Senior Notes due 2046
On September 13, 2017, BB&T Capital Markets served as a co-manager for an offering of a $200 million tap of 3.796% senior notes due 2046 by Washington Gas Light Company, a subsidiary of WGL Holdings, Inc.
There are currently no specific plans for the use of proceeds. However, the company expects to use the proceeds for general corporate purposes and for paying down debt.
About the Companies
Washington Gas is a regulated public utility that sells and delivers natural gas primarily to retail customers in the District of Columbia and adjoining areas in Maryland, Virginia and several cities and towns in the northern Shenandoah Valley of Virginia. Washington Gas has been engaged in the gas distribution business since 1848. The company has been a Virginia corporation since 1953 and a corporation of the District of Columbia since 1957. As of June 30, 2015, Washington Gas had over 1.1 million active customer meters.
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.