$2 Billion BP Offering

March 17, 2015

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $1 billion 3.062% notes due 2022, and $1 billion 3.506% notes due 2025. The notes are guaranteed by BP. The joint book-running managers for the offering were Barclays, BofA Merrill Lynch, HSBC, Morgan Stanley and UBS Investment Bank. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on March 17.

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.