Occidental Petroleum Corporation’s $11.8 Billion Debt Exchange Offer

Cravath represented Occidental Petroleum Corporation in connection with its $11.8 billion debt exchange offer. Occidental Petroleum Corporation is an international oil and gas exploration and production company. This exchange offer was made in connection with Occidental Petroleum Corporation’s acquisition of Anadarko Petroleum Corporation. The transaction closed on September 18, 2019.

The Cravath team included partners Craig F. Arcella and Nicholas A. Dorsey and associates Douglas C. Dolan, Claudia J. Ricciardi, Saagar Kaul and William M. Heisey on securities matters, and associate Leon B. Dalezman on tax matters. Summer associate Luke Martin also worked on securities matters.