Talos Energy Announces Pricing of Offering of $800 Million of Second-Priority Senior Secured Notes due 2034
Talos Energy priced an $800 million offering of 8.000% Second-Priority Senior Secured Notes due 2034 through its subsidiary Talos Production Inc. Net proceeds are earmarked to fund a portion of the cash consideration for a pending Gulf of America acquisition, redeem all outstanding 9.000% notes due 2029, and pay related fees.
Key figures
- Deal Value Usd
- 800000000
- Coupon new
- 8.000%
- Coupon old
- 9.000%
- Maturity new
- 2034
- Maturity old
- 2029
- Mandatory redemption amount
- $175 million
AI analysis
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