Sasol $1.5 billion notes offering
We advised the underwriters on the SEC-registered offering

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of $650 million aggregate principal amount of 4.375% notes due 2026 and $850 million aggregate principal amount of 5.500% notes due 2031 by Sasol Financing USA LLC, fully and unconditionally guaranteed by Sasol Limited.

Based in Johannesburg, South Africa, Sasol is an international integrated energy and petrochemicals company with 30,000 employees in 38 countries. Founded in the 1950s, Sasol develops and commercializes technologies, and builds and operates world-scale facilities, to produce a range of product streams such as liquid fuels (including the coal-to-liquid and gas-to-liquid technology), chemicals and electricity.


The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak and associate Tanu Sinha. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the London and New York offices.