Equinor $1.75 billion notes offering
The investment-grade notes are due 2028, 2030 and 2035
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Equinor ASA of $550 million aggregate principal amount of 4.250% fixed-rate notes due 2028, $400 million aggregate principal amount of 4.500% fixed-rate notes due 2030 and $800 million aggregate principal amount of 5.125% fixed-rate notes due 2035, all guaranteed by its subsidiary, Equinor Energy AS.
Based in Norway, Equinor ASA is an international energy company primarily engaged in oil and gas exploration, production, transportation, refining, and marketing of petroleum and other forms of energy. In addition to being the leading operator on the Norwegian Continental Shelf, Equinor also has substantial international activities and is present in several of the most important oil and gas sites in the world. Equinor employs approximately 25,000 individuals, with operations across six continents and offices in 20 different countries.
The Davis Polk corporate team included partner Leo Borchardt and counsel Maxim Van de moortel. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel John Taylor and associate Mary Valtas provided European regulatory advice. Members of the Davis Polk team are based in the London and New York offices.