Shearman And Sterling

News Jun 24, 2020

Canadian Natural Resources Limited’s $1.1 Billion Notes Offering

Shearman & Sterling represented J.P. Morgan Securities LLC, BofA Securities, Inc. and MUFG Securities Americas Inc., as joint book-running managers, and BMO Capital Markets Corp., Citigroup Global Markets Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., CIBC World Markets Corp., Wells Fargo Securities, LLC, Barclays Capital Inc., Desjardins Securities Inc. and National Bank of Canada Financial Inc., as co-managers, in connection with the offering by Canadian Natural Resources Limited (CNRL) of $600 million aggregate principal amount of 2.050 percent notes due 2025 and $500 million aggregate principal amount of 2.950 percent notes due 2030. 

CNRL is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. sector of the North Sea and Offshore Africa.

The Team