Gibson Dunn Advises Schlumberger in $1.88 Billion Private Exchange Offer

Firm News  |  March 18, 2025

Gibson Dunn advised Schlumberger Holdings Corporation (SHC) and Schlumberger Investment S.A. (SISA), indirect wholly owned subsidiaries of Schlumberger Limited (SLB), in approximate $1.88 billion private exchange offers to exchange four series of outstanding senior notes issued by SISA for corresponding senior notes newly issued by SHC, and simultaneous consent solicitations from holders to certain proposed amendments to the indentures governing SISA’s outstanding senior notes. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and SG Americas Securities, LLC acted as dealer managers.

The Gibson Dunn capital markets team was led by partner Andrew Fabens and included of counsel Rodrigo Surcan and Justine Robinson and associates Alexandria Johnson and Alexis Levine. Partner Pamela Lawrence Endreny, of counsel Kate Long, and associate Melissa Murphy advised on tax aspects, and partner Michael Collins advised on benefits.