Talos Energy unit issues USD 800 million 8% second-priority secured notes due 2034 under new indenture
Talos Energy, Inc. TALO | 0.00 |
- Talos Energy entered an indenture for USD 800 million of 8.000% Second-Priority Senior Secured Notes due 2034, issued by subsidiary Talos Production.
- Proceeds earmarked for a Gulf of America oil and gas asset acquisition, redemption of outstanding 9.000% Second-Priority Senior Secured Notes due 2029, fees.
- Notes mature July 15, 2034; interest at 8.000% paid semiannually starting Jan. 15, 2027.
- Deal includes a special mandatory redemption of USD 175 million if the acquisition fails by Dec. 31, 2026 or BP exercises a preferential right.
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