The Firm represented the underwriters led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho Securities USA Inc. in connection with a registered offering by Halliburton Company of an aggregate of $7.5 billion principal amount of new senior notes. The offering consisted of notes of five separate tranches, $1.25 billion principal amount of 2.7% Senior Notes due 2020, $1.25 billion principal amount of 3.375% Senior Notes due 2022, $2 billion principal amount of 3.8% Senior Notes due 2025, $1 billion principal amount of 4.85% Senior Notes due 2035 and $2 billion principal amount of 5% Senior Notes due 2045.
Halliburton intends to use the net proceeds of the offering for general corporate purposes, including financing a portion of the cash consideration component of Halliburton’s pending acquisition of Baker Hughes Incorporated.
Halliburton Company is one of the world’s largest diversified energy services companies. It is a leading provider of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It serves major, national and independent oil and natural gas companies throughout the world.
The Simpson Thacher team for the debt offering included Marisa Stavenas, Katerina Kousoula and Katharine Thompson (Capital Markets – New York); Zachary Banks (Capital Markets – Houston); Jonathan Cantor and Sophie Staples (Tax); Adeeb Fadil and Louise Kruger (Environmental); Steve DeLott (Insurance); Aimee Adler and Holly Gurian (Executive Compensation and Employee Benefits); Linda Nyberg (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).