The Firm represented the underwriters led by J.P. Morgan Securities LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Mizuho Securities USA LLC in connection with a registered offering by Halliburton Company (“Halliburton”) of an aggregate of $1 billion principal amount of new Senior Notes. The offering consisted of notes of one tranche, $1 billion principal amount of 2.92% Senior Notes due 2030.
The Firm also represented J.P. Morgan Securities LLC, BofA Securities, Inc. and TD Securities (USA) LLC, among others, as the lead dealer managers, and Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC, as the co-dealer managers, for the tender offer by Halliburton for $1.5 billion. Early settlement for the tender offer occurred on March 5, 2020 and the tender offer is set to expire on March 17, 2020.
Halliburton is using the net proceeds of the offering, together with cash on hand, to finance the tender offers, including the payment of accrued and unpaid interest and fees and expenses related to the tender offers.
Halliburton 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 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).