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