After a more than two decades hiatus from the US bond market, Exxon Mobil Corp. (XOM) has sold $5.5 billion of bonds in a five-part offering of fixed- and floating-rate notes. The company will use the proceeds to finance capital spending, for acquisitions and to refinance commercial paper borrowings.

Latham & Watkins LLP advised the underwriters in this transaction with a corporate deal team led by New York partner Marc Jaffe and Washington D.C. partner Rachel Sheridan, with associates Brandon Bortner and John Kim.