BP’s $1 Billion Offering

May 24, 2019

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets p.l.c. (BP Capital Markets), a wholly owned subsidiary of BP, of $1 billion floating-rate notes due 2020.

The notes are guaranteed by BP. The joint bookrunning managers for the offering were BofA Merrill Lynch and Credit Suisse. The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on May 24, 2019.

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.