Talos Energy completes consent solicitation, 95.77% of noteholders approve amendments for EnVen merger

TALOS ENERGY INC.

Consent solicitation completed with 95.77% of holders of 12.00% notes due 2026 approving amendments.
Amendments permit incurrence of EnVen's 11.750% Senior Secured Second Lien Notes due 2026.
Consent fee of $5.00 per $1,000 principal on delivered notes payable upon merger closing.
Merger closing currently expected Q4 2022 or early Q1 2023; if not closed by June 21, 2023, agreement may terminate.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TALOS ENERGY INC. amended Second Supplemental Indenture with Wilmington Trust, National Association, as trustee and as collateral agent (effective 2022-10-27).

Action: amendment
Agreement: notes offering
Counterparty: Wilmington Trust, National Association, as trustee and as collateral agent
Effective: 2022-10-27

Exact text from the filing

Because the consents of the holders of more than 50% of the aggregate principal amount of the Notes outstanding (excluding any Notes held by Talos Production, any Guarantor or their respective affiliates) were received as of October 27, 2022, Talos Production entered into a supplemental indenture to the Indenture (the “Second Supplemental Indenture”) with the Guarantors, the Trustee and the Collateral Agent.

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Source: SEC EDGAR

accession 0001193125-22-271720

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