Union Pacific Corporation’s $3 Billion Registered Notes Offering

Cravath represented the underwriters in connection with the offering.

Union Pacific Corporation entered into an Underwriting Agreement for the sale of $500,000,000 in aggregate principal amount of its 2.150% Notes due 2027; $750,000,000 in aggregate principal amount of its 2.400% Notes due 2030; $1,000,000,000 in aggregate principal amount of its 3.250% Notes due 2050; and $750,000,000 in aggregate principal amount of its 3.750% Notes due 2070. The transaction closed on January 31, 2020.

Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Credit Suisse Securities (USA) LLC, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC, SunTrust Robinson Humphrey, Inc., Mizuho Securiti, MUFG Securities Americas Inc., PNC Capital Markets LLC, BNY Mellon Capital Markets, LLC, Fifth Third Securities, Inc., and Loop Capital Markets LLC acted as underwriters for the offering.

Union Pacific Corporation is one of America’s most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain.

The Cravath team included partner Craig F. Arcella (Picture) and associate Eugene Kim. Caroline H. Gieryn also worked on the transaction.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Eugene Kim – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Securities; Barclays Capital ; BNY Mellon Capital Markets; Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; Fifth Third Securities, Inc.; J.P. Morgan Securities LLC; Loop Capital Markets; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; SunTrust Robinson Humphrey, Inc.; U.S. Bancorp Investments; Wells Fargo Securities;

Author: Ambrogio Visconti