August 05, 2024
Weil advised the underwriters in connection with Occidental Petroleum Corporation’s $5B registered notes offering consisting of $600M of 5.000% Senior Notes due 2027, $1.2B of 5.200% Senior Notes due 2029, $1B of 5.375% Senior Notes due 2032, $1.2B of 5.550% Senior Notes due 2034 and $1B of 6.050% Senior Notes due 2054. The use of proceeds for the offering was, in part, to fund a portion of the purchase price of the acquisition of CrownRock, L.P.
The Weil deal team was led by Capital Markets practice Co-Head Michael Hickey and included Capital Markets associates Michael Cremers, Eric Wissman and Justin Deuell, Tax associate Ricardo Fernandez, Environmental Head Annemargaret Connolly and Regulatory Transactions partner Timothy Welch.