BP in $3 Billion Offering

November 6, 2012

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $1 billion 0.700% guaranteed notes due 2015, $1 billion 1.375% guaranteed notes due 2017 and $1 billion 2.500% guaranteed notes due 2022. The notes are guaranteed by BP. The joint book-running managers for the offering were Barclays, BNP Paribas, Citigroup, Goldman Sachs, HSBC and UBS Investment Bank. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on November 6.

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.