BP p.l.c. Completes $3 Billion SEC-Registered Debt Offering

September 19, 2017

S&C client BP p.l.c. completed a $3 billion SEC-registered debt offering consisting of $500 million 1.768% guaranteed notes due 2019, $300 million floating rate guaranteed notes due 2022, $700 million 2.520% guaranteed notes due 2022 and $1.5 billion 3.279% guaranteed notes due 2027, issued by a wholly owned finance subsidiary and guaranteed by BP under BP’s WKSI shelf registration statement.

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