Halliburton Company’s $1.0 Billion Senior Notes Offering

Baker Botts represented Halliburton in the senior notes offering and the cash tender offers. Simpson Thacher represented the Underwriters in the offering.

Halliburton Company (NYSE: HAL) (“Halliburton”) announced the pricing of its public offering of $1.0 billion aggregate principal amount of 2.92% Senior Notes due 2030.

Halliburton intends to use the net proceeds from the senior notes offering, together with cash on hand, to finance concurrent cash tender offers, which commenced on February 19, 2019, to purchase up to $1.5 billion aggregate principal amount of certain series of its senior notes.

The senior notes offering is expected to close on March 3, 2020, and the cash tender offers are scheduled to expire on March 17, 2020.

The underwriters for the senior notes offering were J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC, BofA Securities, Inc., Deutsche Bank Securities Inc., TD Securities (USA) LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, MUFG Securities Americas Inc., Scotia Capital (USA) Inc., Standard Chartered Bank, U.S. Bancorp Investments, Inc., Academy Securities, Inc., ANZ Securities, Inc., BBVA Securities Inc., BNP Paribas Securities Corp., Loop Capital Markets LLC, SG Americas Securities, LLC, SMBC Nikko Securities America, Inc., UniCredit Capital Markets LLC, and UBS Securities LLC.

The lead dealer managers for the cash tender offers are BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC.

The Baker Botts team was led by David Emmons (Picture) and included Jason Rocha, Carina Antweil, Ieuan List, Daniel Jung, Martin Toulouse, Ron Scharnberg and Peter Farrell.

The Simpson Thacher team for the debt offering included Marisa Stavenas and Kirsten Harmon (Capital Markets); Jonathan Cantor and Zach Fialkow (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Steve DeLott (Insurance); Jennifer Neilsson (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Carina Antweil – Baker Botts; David Emmons – Baker Botts; Peter Farrell – Baker Botts; Daniel Jung – Baker Botts; Ieuan List – Baker Botts; Jason Rocha – Baker Botts; Ron Scharnberg – Baker Botts; Martin Toulouse – Baker Botts; Jonathan Cantor – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Zachary Fialkow – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Kirsten Harmon – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Marisa Stavenas – Simpson Thacher & Bartlett;

Law Firms: Baker Botts; Simpson Thacher & Bartlett;

Clients: Academy Securities; ANZ Securities Limited; Bank of America Securities; Barclays Capital ; BBVA Securities Inc.; BNP Paribas Securities; Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities; Halliburton; HSBC Securities; J.P. Morgan Securities LLC; Loop Capital Markets; Mizuho Securities; MUFG Securities Americas Inc. ; Scotia Capital Inc.; SG Americas Securities LLC; SMBC Nikko Securities America; Standard Chartered Bank; TD Securities; U.S. Bancorp Investments; UBS Securities LLC; UniCredit Capital Markets; Wells Fargo Securities;