Occidental’s $2 Billion Senior Notes Offering and $2 Billion Cash Tender Offer and Consent Solicitation

Cravath advised Occidental Petroleum Corporation on the deal.

Occidental Petroleum Corporation executed its $2 billion registered senior notes offering and its concurrent $2 billion cash tender offer and consent solicitation.

Occidental Petroleum Corporation is an international oil and gas exploration and production company. The registered notes offering closed on July 13, 2020, and the cash tender offer and consent solicitation closed on July 23, 2020.

The Cravath team advising Occidental included partners Craig F. Arcella (Picture) and Nicholas A. Dorsey and associates Claudia J. Ricciardi, Saagar Kaul, Aashim Usgaonkar, Emily C. Weiss and Kyra E. Ferber on capital markets matters, and partner Kara L. Mungovan and associate Leon B. Dalezman on tax matters. Benjamin Dale also worked on capital markets matters, and Brittany A. Milano also worked on tax matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Leon Dalezman – Cravath Swaine & Moore; Nicholas Dorsey – Cravath Swaine & Moore; Kyra Ferber – Cravath Swaine & Moore; Saagar Kaul – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Claudia Ricciardi – Cravath Swaine & Moore; Aashim Usgaonkar – Cravath Swaine & Moore; Emily Weiss – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Occidental Petroleum Corporation ;

Author: Ambrogio Visconti