BB&T Capital Markets Serves as Co-Manager for Sabal Trail Transmission’s $1.5 Billion Offering of Senior Notes due 2028, 2038, and 2048
On April 26, 2018, BB&T Capital Markets served as a co-manager for a three-tranche offering of $500 million 4.246% senior notes, $600 million 4.682% senior notes due 2038, and $400 million 4.832% senior notes due 2048 by Sabal Trail Transmission, LLC.
Proceeds from the offering are being used to fund a sponsor distribution.
About the Companies
Sabal Trail Transmission, LLC is engaged in the design, construction, and operation of an interstate natural gas pipeline to transport natural gas for power generation needs in Alabama, Georgia, and Florida. The company was incorporated in 2013 and is headquartered in Houston, Texas. Sabal Trail Transmission, LLC operates as a subsidiary of Spectra Energy Corp.
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.