BP’s $1.25 Billion Offering

February 24, 2020

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets America, a wholly owned subsidiary of BP, of $1.25 billion 3% notes due 2050.

The notes are guaranteed by BP. The underwriters for the offering were Barclays Capital Inc., BofA Securities Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC. The offering, a takedown from BP and BP Capital Markets America’s shelf registration statement, closed on February 24, 2020.

BP is one of the world’s leading international oil and gas companies. It operates in more than 70 countries and provides its customers with fuel for transportation, energy for heat and light, retail services, and petrochemical products for everyday items.