BP plc Completes $2 Billion SEC-Registered Debt Offering

September 21, 2018

S&C client BP p.l.c. completed a $2 billion SEC-registered debt offering consisting of $1 billion 3.796% guaranteed notes due 2025 and $1 billion 3.937% guaranteed notes due 2028, issued by a wholly owned finance subsidiary and guaranteed by BP under BP's WKSI shelf registration statement. Citigroup Global Markets Inc., Goldman, Sachs & Co. LLC, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA LLC and MUFG Securities Americas Inc. were underwriters for the offering.

The S&C team was led by Kathryn Campbell and John Horsfield-Bradbury, along with Emily Deddens, Tyler Hill and Pavel Bend. Tax advice was provided by Eric Wang and Andrew Thomson, along with Michael Hogan, Slki Hong and Joshua Stevens.