TALOS ENERGY INC. (TALO): debt financing — Talos Energy borrowing base reduced by $225M to $700M in credit agreement amendment

reement (the “Twelfth Amendment”), which amended the Credit Agreement, dated as of May 10, 2018 (as amended, supplemented, waived or otherwise modified from time to time) (the “Credit Agreement”), among the Company, as holdings, Talos Production, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, the issuing banks, the lenders party thereto, and the other persons from time to time party thereto, in order to (i) decrease the borrowing base to $700.0 million and decrease the total commitments to $700.0 million and (ii) remove the $50.0 million cap on the amount of unrestricted cash that may be deducted in the calculation of consolidated total debt (used to calculate the Consolidated Total Debt to EBITDAX ratio under the Credit Agreement) if, as of the applicable date of determination, each lender’s total exposure is $0.