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

  • Noble Energy Inc. (NYSE: NBL)

    BB&T Capital Markets’ Energy Group completed a transaction for an oil & natural gas exploration & production company in the first quarter of 2015, in an equity offering worth $997,500,000. The Company intends to use the net proceeds from the offering to repay all borrowings under its credit facility and for general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 3,150,000 shares at the public offering price to cover over-allotments, if any.

    Read More
  • Macquarie Infrastructure Company LLC (NYSE: MIC)

    BB&T Capital Markets’ Energy Group completed a transaction for an energy infrastructure holding company in the first quarter of 2015, in an equity offering worth $425,000,000. The Company intends to use the net proceeds from the offering to finance the cash consideration for the acquisition of Bayonne Energy Center from ArcLight Capital Partners, and for general corporate purposes. The Company has granted the underwriters a 30-day option to purchase an additional 796,900 shares at the public offering price to cover over-allotments, if any.

    Read More
  • Southwestern Energy Company (NYSE: SWN)

    BB&T Capital Markets Energy Group completed a transaction for an oil & gas exploration and production company, in the first quarter of 2015, in a mandatory convertible preferred stock offering worth $1,500,000,000. The Company intends to use the net proceeds from the offering in conjunction with proceeds from a common equity offering, to repay amounts outstanding under the Company’s $4.5 billion bridge loan. This credit facility was established to fund the acquisition of Marcellus and Utica Shale assets from Chesapeake Energy Corp, a transaction that closed in December 2014. In connection with the offering, The Company expects to grant the underwriters a 30-day option to purchase up to 225,000 additional preferred shares.

    Read More
  • Southwestern Energy Company (NYSE: SWN)

    BB&T Capital Markets Energy Group completed a transaction for an oil & gas exploration and production company, in the first quarter of 2015, in a common equity offering worth $600,000,011. The Company intends to use the net proceeds from the offering in conjunction with proceeds from a concurrent mandatory convertible preferred shares offering, to repay amounts outstanding under the Company’s $4.5 billion bridge loan. This credit facility was established to fund the acquisition of Marcellus and Utica Shale assets from Chesapeake Energy Corp, a transaction that closed in December 2014. In connection with the offering, The Company expects to grant the underwriters a 30-day option to purchase up to 3,913,043 additional common shares.

    Read More
  • Arizona Public Service Company

    On January 7, 2015, BB&T Capital Markets served as a co-manager for a $250 million offering of 2.20% Senior Notes due 2020 by Arizona Public Service Co. Proceeds from the transaction are being used to repay amounts outstanding under the issuer’s commercial paper program. This deal represents BB&T’s first bond business with APS.

  • Western Gas Partners, LP (NYSE: WES)

    BB&T Capital Markets Energy Group completed a transaction for a gas gathering and processing MLP, in the fourth quarter of 2014, in an equity offering worth $531,375,000. The Partnership intends to use the net proceeds from the offering to fund a portion of the cash purchase price of the acquisition of Nuevo Midstream, LLC. In connection with the offering, The Partnership expects to grant the underwriters a 30-day option to purchase up to 1,125,000 additional common units.

    Read More

Our Areas of Expertise

Oil & Gas:

Midstream and Upstream

Coal:

Coal Producers and Diversified Mining

Utilities:

Electric, Gas, Water and Cooperatives