BP Completes $2 Billion SEC-Registered Debt Offering

November 6, 2018

S&C client BP p.l.c. completed a $2 billion SEC-registered debt offering consisting of $1 billion 3.790% guaranteed notes due 2024 and $1 billion 4.234% guaranteed notes due 2028, issued by a wholly owned finance subsidiary and guaranteed by BP under BP's WKSI shelf registration statement. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, NatWest Markets Securities Inc., SG Americas Securities, LLC and UBS Securities LLC were underwriters for the offering.

The S&C team was led by John Horsfield-Bradbury, along with Emily Deddens, Tyler Hill and Pavel Bend. Eric Wang and Andrew Thomson, along with Michael Hogan and Joshua Stevens advised on tax matters.