The offer applies to certain senior notes due 2024 and 2025

Davis Polk advised the dealer managers in connection with Schlumberger Holdings Corporation’s cash tender offer to purchase certain of its outstanding 3.750% senior notes due 2024 and 4.000% senior notes due 2025 for cash up to a combined aggregate purchase price of $790 million.   

Schlumberger Holdings Corporation is a holding company for the U.S. operations of Schlumberger Limited and is an indirect, wholly owned subsidiary of Schlumberger Limited. Schlumberger Limited is the world’s leading supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.

The Davis Polk capital markets team included partner Byron B. Rooney and associates Jonathan I. Stempel and Yi Wang. Counsel Leslie J. Altus and associate Ted Lee provided tax advice. All members of the Davis Polk team are based in the New York office.

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