Phillips 66 priced a $1.5 billion offering of senior notes to reduce its outstanding commercial paper debt and for other general corporate purposes.
The offering consists of $500 million of floating-rate notes due 2021, priced at 100% of par; $800 million of 3.90% notes due 2028, priced at 99.9% of par; and $200 million of 4.875% notes due 2044, priced at 104.688% of par, according to company filings.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, Merrill Lynch Pierce Fenner & Smith Inc., Barclays Capital Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC acted as joint book-running managers.
