Total’s $4 Billion Offering

July 10, 2019

Cleary Gottlieb acted as counsel to the underwriters in connection with Total Capital International’s (TOTAL) SEC-registered offering of $750 million 2.218% guaranteed notes due 2021, $1 billion 2.434% guaranteed notes due 2025, $1.25 billion 2.829% guaranteed notes due 2030, and $1 billion 3.461% guaranteed notes due 2049.

The notes are guaranteed by Total S.A. The transaction, which priced on July 8, 2019, and closed on July 10, 2019, was managed by Barclays Capital Inc., Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC.

Total is the fourth-largest publicly traded international oil and gas company, and a major actor in refining and chemicals, marketing, gas, and renewable energy, with operations in more than 130 countries on five continents.