Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $1.25 billion 2.521% notes due 2020 and $750 million 3.535% notes due 2024. The notes are guaranteed by BP. The joint book-running managers for the offering were Barclays, BNP Paribas, HSBC, J.P. Morgan and Morgan Stanley. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on November 4.
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.
