Phillips 66’s $1.75 Billion Registered Floating and Fixed Rate Senior Notes Offering

Cravath represented the underwriters, led by RBC Capital Markets, Barclays, Citigroup, COMMERZBANK, Mizuho Securities, BNP PARIBAS, BofA Securities, Credit Suisse, J.P. Morgan Securities, MUFG, Scotiabank, SMBC Nikko, TD Securities, Truist Securities and Wells Fargo Securities, in connection with the $1.75 billion registered floating and fixed rate senior notes offering of Phillips 66. Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, marketing and specialties businesses. The transaction closed on November 18, 2020.

The Cravath team included partner Andrew J. Pitts and associates Victoria M. Munoz Torres and Zachary B. Ramirez‑Brunner on capital markets matters, and partner Christopher K. Fargo and associate Luis Calderon‑Gomez on tax matters.