Canadian Natural Resources Completes $1.1 Billion in Notes Offerings

Paul, Weiss advised Canadian Natural Resources Limited, a Canadian-based oil and natural gas production company, in its $600 million offering of 2.050% senior unsecured notes due 2025 and its $500 million offering of additional 2.950% senior unsecured notes due 2030. J.P. Morgan Securities LLC, BofA Securities, Inc. and MUFG Securities Americas Inc. acted 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. acted as co-managers for the offerings.

The Paul, Weiss team included corporate partner Andrew Foley, tax partner David Sicular, environmental counsel William O’Brien and international trade counsel Richard Elliott.