Talos Energy prices upsized public offering of 30M shares for ~$351M gross proceeds

TALOS ENERGY INC.

Offering of 30M shares at $11.70 per share; underwriters' option to purchase 4.5M additional shares exercised in full.
Total net proceeds ~$388M, to fund a portion of the cash consideration for the previously announced QuarterNorth Energy acquisition.
Closing expected January 22, 2024; if acquisition not completed, proceeds will be used for general corporate purposes.
Joint book-running managers include J.P. Morgan, Goldman Sachs, Mizuho, Citigroup, Morgan Stanley, and others.

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. entered into Underwriting Agreement with J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Mizuho Securities USA LLC, as representatives of the several underwriters (effective 2024-01-17).

Action: entry
Agreement: underwriting
Counterparty: J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Mizuho Securities USA LLC, as representatives of the several underwriters
Effective: 2024-01-17

Exact text from the filing

On January 17, 2024, Talos Energy Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Mizuho Securities USA LLC, as representatives of the several underwriters (the "Underwriters")

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TALOS ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-011676

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