Talos Energy entered into an Indenture to issue $800 million of 8.000% second-priority senior secured notes due 2034. The proceeds will help fund its pending Gulf of America Acquisition, redeem all outstanding 9.000% notes due 2029, and cover related fees, with any remainder for general corporate purposes. The notes pay interest semi-annually and are guaranteed by the parent and certain subsidiaries, secured by second-priority liens behind the company's reserve-based credit facility.
Agreement details:
- Agreement type: Indenture for 8.000% second-priority senior secured notes due 2034
- Counterparty: Wilmington Trust
- Signed / Effective: Jul 13 2026 / same
- Duration / Termination: Until Jul 15 2034
- Reason: Fund acquisition and refinance 2029 notes
Original SEC Filing:
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