Equinor $1.0 Billion Notes Offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Equinor ASA (f/k/a Statoil ASA) of $1 billion aggregate principal amount of 3.625% notes due 2028, guaranteed by its subsidiary, Equinor Energy AS (f/k/a Statoil Petroleum AS).

BofA Merrill Lynch, Goldman Sachs & Co. LLC and J.P. Morgan acted as Joint Book-Running Managers on the offering.

Based in Norway, Equinor ASA is an international energy company primarily engaged in oil and gas exploration and production activities. In addition to being the leading operator on the Norwegian Continental Shelf, Equinor also has substantial international activities and is present in several of the most important oil and gas provinces in the world. Equinor’s activities span operations in more than 30 countries and the company employs approximately 20,500 employees worldwide.

The Davis Polk corporate team included partner Leo Borchardt (Picture) and associates Ida Araya-Brumskine, Alexander W. Simmonds and Maxim Van de moortel. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Counsel Jeanine P. McGuinness provided U.S. regulatory advice and European counsel John Taylor provided European regulatory advice.

 

Involved fees earner: Leo Borchardt – Davis Polk & Wardwell; Ida Araya-Brumskine – Davis Polk & Wardwell; Alexander Simmonds – Davis Polk & Wardwell; Maxim Van de moortel – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Jeanine McGuinness – Davis Polk & Wardwell; John Taylor – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Goldman, Sachs & Co.; JP Morgan;

 

Author: Ambrogio Visconti