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 partner Greg Featherman and associate Ricardo Fernandez, Environmental Head Annemargaret Connolly and Regulatory Transactions partner Timothy Welch.