Energy Group

Our teams of energy specialists focus on distinct sectors of the field: oil and gas, coal and utilities.

With technical expertise backed by the lending power of BB&T Corp.—one of the nation's leading financial institutions—our clients can benefit from a full suite of corporate financial services, including large syndicated lending, revolvers, supply chain financing, equipment leasing and lending, corporate trust work and traditional banking.

That, combined with our in-house equity and debt origination, M&A advisory, and the insurance risk management power of McGriff, Seibels & Williams, has made us one of the primary participants in the nation’s natural resources and power financing field.

 

More than 200 years combined experience in the Energy sector

  • Spark Energy Inc. (NASDAQ: SPKE)

    BB&T Capital Markets Equity Origination Group completed an IPO for a retail energy services provider in the third quarter of 2014, in an equity offering worth $54,000,000. This transaction represents the sale of interest of the company’s founder and sole proprietor. The company and its underwriters utilized the ‘Up-C’ corporate structure in the execution of the IPO.

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  • Emerge Energy Services, L.P. (NYSE: EMES)

    BB&T Capital Markets Equity Origination Group completed a transaction for a frac sand MLP in the second quarter of 2014, in an equity offering worth $383,388,215. This transaction represents a continued sale of the interests of the partnership’s private equity sponsor, Insight Equity.

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  • Cimarex Energy Company

    On May 20, 2014, BB&T Capital Markets served as a co-manager for a $750 million offering of senior unsecured notes by the Cimarex Energy Company. The 4.375% notes mature on June 1, 2024. Net proceeds from the sale will be used to repay in full amounts outstanding under Cimarex’s revolving credit facility and for general corporate purposes. The transaction represents the second debt offering to which Cimarex has invited BB&T Capital Markets.

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  • ONEOK Partners, L.P. (NYSE: OKS)

    BB&T Capital Markets Energy Group completed a transaction for a natural gas pipeline MLP in the second quarter of 2014, in an equity offering worth $736,660,100. The Partnership intends to use the net proceeds from the offering for general partnership purposes and to repay outstanding indebtedness under its commercial paper program. Total gross proceeds includes the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,815,000 units.

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  • Martin Midstream Partners, LP. (NASDAQ: MMLP)

    BB&T Capital Markets Energy Group completed a transaction for a midstream hydrocarbon MLP in the second quarter of 2014, in an equity offering worth $149,436,000. The Partnership intends to use the net proceeds from the offering to repay outstanding indebtedness incurred under its revolving credit facility and for general partnership purposes. Amounts repaid under the revolving credit facility may be re-borrowed to fund future acquisitions.

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Our Areas of Expertise

Oil & Gas:

Midstream and Upstream

Coal:

Coal Producers and Diversified Mining

Utilities:

Electric, Gas, Water and Cooperatives