BB&T Capital Markets Serves as Co-Manager for Cimarex Energy’s $750MM Senior Notes Offering

Transaction Summary

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.

About the Companies

Cimarex Energy Co. operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. The company owns interests in 4,160 net productive oil and gas wells. As of December 31, 2013, it had a total proved oil and gas reserves of 2.5 trillion cubic feet equivalent, consisting of 1.3 trillion cubic feet of natural gas; 108,533 thousand barrels (MBbls) of oil; and 92,044 MBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions. The company was founded in 2002 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, equity research and sales and trading. Headquartered in Richmond, Va., with offices throughout the U.S., we have specific expertise within eleven distinct industry verticals including Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Financial Services; Food & Agribusiness; Logistics & Transportation Services; Healthcare; Education; Energy; 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.

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