BP in $2.5 Billion Offering

February 10, 2014

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $250 million floating rate guaranteed notes due 2019, $1 billion 2.237% guaranteed notes due 2019 and $1.25 billion 3.814% guaranteed notes due 2024. The notes are guaranteed by BP. The joint book-running managers for the offering were Barclays, BNP PARIBAS, Credit Suisse, Mitsubishi UFJ Securities, Morgan Stanley and RBS. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on February 10.

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.