Davis Polk advised the sole bookrunning manager on an SEC-registered offering by Schlumberger Investment SA of $350 million aggregate principal amount of 2.650% senior notes due 2030. The notes are fully and unconditionally guaranteed by Schlumberger Limited, the parent company of the issuer. The notes are a further issuance of the 2.650% senior notes due 2030 issued in an aggregate principal amount of $900 million on June 26, 2020.
Operating in approximately 85 countries, 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 Jennifer Ying Lan, Ariel Rivera and Ariella R. Pultman. Partner Michael Farber and associate Erin van Wesenbeeck provided tax advice. The environmental team consisted of counsel Betty Moy Huber and associate Michael Comstock. All members of the Davis Polk team are based in the New York office.