$3 Billion BP Offering

September 28, 2017

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $500 million 1.768 percent notes due 2019, $300 million floating-rate notes due 2022, $700 million 2.520 percent notes due 2022 and $1.5 billion 3.279 percent notes due 2027.

The notes are guaranteed by BP. The joint bookrunning managers for the offering were Credit Suisse, Goldman Sachs & Co. LLC, HSBC, J.P. Morgan, Morgan Stanley and UBS Investment Bank. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on September 19, 2017.

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.