$2.75 Billion BP Offering

February 13, 2015

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $400 million floating rate notes due 2017, $250 million floating rate notes due 2018, $850 million 1.674% notes due 2018, and $1.25 billion 2.315% notes due 2020. The notes are guaranteed by BP. The joint book-running managers for the offering were Credit Agricole CIB, Goldman Sachs, Mizuho Securities and RBS. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on February 13.

BP is one of the world’s leading international oil and gas companies. It operates in more than 80 countries and provides its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products for everyday items.