BP p.l.c. Completes $3.1 Billion SEC-Registered Debt Offering

February 14, 2017

S&C client BP p.l.c. completed a $3.1 billion SEC-registered debt offering consisting of $750 million floating rate guaranteed notes due 2018, $500 million 2.315% guaranteed notes due 2020, $1 billion 3.224% guaranteed notes due 2024 and $850 million 3.588% guaranteed notes due 2027, issued by a wholly owned finance subsidiary and guaranteed by BP under BP's WKSI shelf registration statement. The 2020 notes were a reopener of an existing series of notes.
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.