Davis Polk advised Barclays Bank PLC, HSBC Bank plc and J.P. Morgan Securities plc in connection with an SEC-registered offering of $1 billion aggregate principal amount of 4.5% notes due 2022 by Sasol Financing International Plc, fully and unconditionally guaranteed by Sasol Limited (Sasol).
Based in Johannesburg, South Africa, Sasol is an international integrated energy and petrochemicals company with more than 34,000 employees working in 38 countries. Founded in the 1950s, Sasol develops and commercializes technologies, and builds and operates world-scale facilities, to produce a range of product streams such as liquid fuels (including the coal-to-liquid and gas-to-liquid technology), chemicals and electricity.
The Davis Polk corporate team included partner Paul E. Kumleben and associates Radoslaw Michalak and Bhupinder Grewal. Partner John D. Paton and counsel Alon Gurfinkel provided tax advice. Partner John B. Reynolds III and counsel Jeanine P. McGuinness provided OFAC advice. Rachel Sterling was the legal assistant on the transaction. Members of the Davis Polk team are based in the London and Washington DC offices.
