debt
confidence high
sentiment neutral
materiality 0.70
Talos Energy prices $800M 8.000% notes due 2034 to fund acquisition and refinance
TALOS ENERGY INC.
- $800M aggregate principal of 8.000% second-priority senior secured notes due 2034 priced.
- Proceeds to fund part of Gulf of America acquisition, redeem all 9.000% 2029 notes, and pay fees.
- Conditional redemption of 2029 notes at 104.5% of principal on July 13, 2026, subject to offering close.
- Special mandatory redemption of $175M notes if acquisition not consummated by Dec 31, 2026.
- Notes guaranteed by Talos and certain subsidiaries, secured on second-priority basis.