Phillips 66’s $1.5 Billion Senior Notes Offering

Bracewell LLP represented Phillips 66, while Cravath represented the underwriters in the public offering.

Phillips 66 completed the offering of $1 billion of senior notes, which included $500 million of 3.700% Senior Notes due 2023 and $500 million of 3.850% Senior Notes due 2025.

Mizuho Securities USA LLC, BofA Securities, Inc., Citigroup Global Markets Inc., TD Securities (USA) LLC, BNP Paribas Securities Corp., Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., Commerz Markets LLC, MUFG Securities Americas Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Bank of China Limited, and U.S. Bancorp Investments. Inc. acted as underwriters in this offering.

Phillips 66 is a diversified energy manufacturing and logistics company with unique businesses in refining, midstream, chemicals and marketing.

Bracewell team included Partners Will Anderson (Picture) and Michele J. Alexander, Counsel Ian R. Brown, Associates Charlotte Keenan, Jay N. Larry, Emerson P. Sanders and Catherine B. Engell.

Cravath represented the underwriters with partners D. Scott Bennett and Andrew J. Pitts and associates Fay E. Krewer and Zachary B. Ramirez‑Brunner.

Involved fees earner: Michele Alexander – Bracewell; William Anderson – Bracewell; Ian Brown – Bracewell; Catherine Engell – Bracewell; Charlotte Keenan – Bracewell; Jay Larry – Bracewell; Emerson Sanders – Bracewell; Scott Bennett – Cravath Swaine & Moore; Fay Krewer – Cravath Swaine & Moore; Andrew Pitts – Cravath Swaine & Moore; Zachary Ramirez-Brunner – Cravath Swaine & Moore;

Law Firms: Bracewell; Cravath Swaine & Moore;

Clients: Bank of America Securities; Bank of China; BNP Paribas Securities; Citigroup Global Markets Ltd; Commerz Markets LLC; Goldman Sachs & Co.; Mizuho Securities; MUFG Securities Americas Inc. ; Phillips 66 Partners LP; RBC Capital Markets; Scotia Capital Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities; U.S. Bancorp Investments;

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Author: Ambrogio Visconti