BP in $3 Billion Offering

May 10, 2013

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $250 million floating rate notes due 2018, $1.25 billion 1.375% guaranteed notes due 2018 and $1.5 billion 2.750% guaranteed notes due 2023. The notes are guaranteed by BP. The joint book-running managers for the offering were BofA Merrill Lynch, Credit Agricole CIB, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley and Societe Generale. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on May 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.