Sasol $2.25 Billion SEC-Registered Debt Offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of $1.5 billion aggregate principal amount of 5.875% notes due 2024 and $750 million aggregate principal amount of 6.500% notes due 2028 by Sasol Financing USA LLC, fully and unconditionally guaranteed by Sasol Limited (Sasol).

Based in Johannesburg, South Africa, Sasol is an international integrated energy and petrochemicals company with over 30,000 employees working 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 Matthew Pinegar. Counsel Alon Gurfinkel and associates Omer Harel and Veronica Davis provided tax advice. Counsel Jeanine P. McGuinness provided OFAC advice. Members of the Davis Polk team are based in the London and Washington DC offices.