BB&T Capital Markets serves as a Co-Manager on DCP Midstream L.P.’s Fixed-to-Floating Preferred Stock Offering
BB&T Capital Markets’ Energy Group completed a transaction for DCP Midstream L.P, a midstream energy company in the second quarter of 2018, helping to raise $150,000,000 in gross proceeds for our client.
DCP Midstream L.P, intends to use the net proceeds from this offering for general corporate purposes including capital expenditures and to repay outstanding debt.
About the Companies
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates in two segments, Gathering and Processing, and Logistics and Marketing. As of February 13, 2018, DCP owned and operated approximately 60 plants and 63,000 miles of natural gas and NGLs pipelines with operations in 17 states. DCP was founded in 2005 and is headquartered in Denver, Colorado.
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.