secwatch / observer
8-K filed February 7, 2024, 6:59 PM ET ticker TALO CIK 0001724965
debt confidence high sentiment neutral materiality 0.80

TALOS ENERGY INC. (TALO): debt financing — Talos Energy issues $1.25B in new notes at 9.0% and 9.375% to fund QuarterNorth acquisition and refinance debt

TALOS ENERGY INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TALOS ENERGY INC. incurred senior notes of $625,000,000 in aggregate principal amount with Wilmington Trust, National Association at 9.000% per annum maturing February 1, 2029.

Instrument
senior notes
Principal
$625,000,000 in aggregate principal amount
Counterparty
Wilmington Trust, National Association
Rate
9.000% per annum
Maturity
February 1, 2029
Event
incurrence
Exact text from the filing
pursuant to which the Issuer issued $625,000,000 in aggregate principal amount of the Issuer’s 9.000% Second-Priority Senior Secured Notes due 2029
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TALOS ENERGY INC. incurred senior notes of $625,000,000 in aggregate principal amount with Wilmington Trust, National Association at 9.375% per annum maturing February 1, 2031.

Instrument
senior notes
Principal
$625,000,000 in aggregate principal amount
Counterparty
Wilmington Trust, National Association
Rate
9.375% per annum
Maturity
February 1, 2031
Event
incurrence
Exact text from the filing
pursuant to which the Issuer issued $625,000,000 in aggregate principal amount of the Issuer’s 9.375% Second-Priority Senior Secured Notes due 2031
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TALOS ENERGY INC. entered into 2029 Notes Indenture, 2031 Notes Indenture with Wilmington Trust, National Association valued at $625,000,000 aggregate principal amount of 9.000% Second-Priority Senior Secured Notes due 2029 and (effective 2024-02-07).

Action
entry
Agreement
notes offering
Counterparty
Wilmington Trust, National Association
Value
$625,000,000 aggregate principal amount of 9.000% Second-Priority Senior Secured Notes due 2029 and
Effective
2024-02-07
Exact text from the filing
On February 7, 2024, Talos Energy Inc., a Delaware corporation (the “Company”), Talos Production Inc., a Delaware corporation and a wholly owned subsidiary of the Company (the “Issuer”), certain of the Issuer’s subsidiaries (the “Subsidiary Guarantors” and, together with the Company, the “Guarantors”) and Wilmington Trust, National Association, as trustee and as collateral agent, entered into (i) an indenture (the “2029 Notes Indenture”), pursuant to which the Issuer issued $625,000,000 in aggregate principal amount of the Issuer’s 9.000% Second-Priority Senior Secured Notes due 2029 (the “2029 Notes”) and (ii) an indenture (the “2031 Notes Indenture” and, together with the 2029 Notes Indenture, the “Indentures” and each an “Indenture”), pursuant to which the Issuer issued $625,000,000 in aggregate principal amount of the Issuer’s 9.375% Second-Priority Senior Secured Notes due 2031 (the “2031 Notes” and, collectively with the 2029 Notes, the “New Notes”).
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

TALOS ENERGY INC. filing history →

Source: SEC EDGAR
accession 0001193125-24-026669
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