Schlumberger Investment $2 billion senior notes offering
We advised the representatives of the several underwriters on the offering
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered debt offering by Schlumberger Investment S.A. of $500 million aggregate principal amount of its 4.550% senior notes due 2031, $500 million aggregate principal amount of its 4.800% senior notes due 2033 and $1 billion aggregate principal amount of its 5.150% senior notes due 2036. The notes are fully and unconditionally guaranteed by SLB N.V. (SLB Limited), the parent company of the issuer.
SLB Limited is a global technology company driving energy innovation for a balanced planet. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, the SLB Group works each day on innovating energy technology, delivering digital at scale, decarbonizing industries and developing and scaling new energy systems that accelerate the energy transition.
The Davis Polk capital markets team included partner Stephen A. Byeff and associate Cheridan Christnacht. Counsel Yixuan Long and associate Benjamin Silver provided tax advice. Counsel Michael Comstock and associate David Sacasa-Ospina provided environmental advice. Partner Pritesh P. Shah and associates Francesca Masella and Bari Britvan provided intellectual property advice. All members of the Davis Polk team are based in the New York office.