Talos Energy Commences $800M Offering Of Senior Notes Due 2034
Talos Energy Inc. ("Talos") (NYSE: TALO ) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has commenced an offering (the "Offering") of $800 million in aggregate principal amount of Second-Priority Senior Secured Notes due 2034 (the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending Gulf of America acquisition (the "Acquisition"), (ii) fund the redemption (the "Redemption") of all of the outstanding 9.000% Second-Priority Senior Secured Notes due 2029 issued by the Company (the "2029 Notes"), and (iii) pay related fees and expenses.
Talos Energy Inc. ("Talos") (NYSE: TALO ) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has commenced an offering (the "Offering") of $800 million in aggregate principal amount of Second-Priority Senior Secured Notes due 2034 (the "New Notes").
The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending Gulf of America acquisition (the "Acquisition"), (ii) fund the redemption (the "Redemption") of all of the outstanding 9.000% Second-Priority Senior Secured Notes due 2029 issued by the Company (the "2029 Notes"), and (iii) pay related fees and expenses.