Sidley represented Barclays Capital Inc., J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, and UBS Securities LLC as bookrunners in connection with the SEC-registered bond offering by Woodside Finance Limited of US$3.5 billion, comprising US$500 million 4.900% Senior Notes due 2028, US$1.25 billion 5.400% Senior Notes due 2030, US$500 million 5.700% Senior Notes due 2032, and US$1.25 billion 6.000% Senior Notes due 2035, each guaranteed by Woodside Energy Group Ltd. (“Woodside”). The deal closed on May 19, 2025.
The transaction received tremendous demand from the onset and given the momentum, a strong bookbuild progressed and quality and size of the orderbook led to upsize and revised tight pricing.
Woodside is a global energy company, listed on the Australian Securities Exchange and the New York Stock Exchange, with operations across Australia, the United States, Senegal, and Trinidad and Tobago. Following its merger with BHP’s petroleum business in 2022, Woodside has become a larger supplier of energy to the world through an expanded global portfolio. On April 29, 2025, Woodside announced that it made a final investment decision on the Louisiana LNG development, which is expected to reinforce its position in the global energy market.
The deal team was led by Mimma Barila and included Kristina Kang, Justin Lashley, and Andy Loo (Capital Markets), with Nicholas Brown and Andy Lau advising on tax matters.
