Talos Energy entered into a Second Amendment to its Amended and Restated Credit Agreement to support the Block 29 Project in Mexico. The amendment raises the capacity for restricted foreign subsidiaries to incur project financing debt for Mexican assets by $50 million to $350 million, excluded from Consolidated Total Debt and non-recourse to Talos and its restricted subsidiaries. It also temporarily increases the maximum Consolidated Total Debt to EBITDAX Ratio for investments in the Block 29 Entity from 1.25 to 1.50 through December 31, 2027.
Agreement details:
- Agreement type: Second Amendment to Amended and Restated Credit Agreement
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 22 2026 / N/A
- Reason: Support Block 29 Mexico project financing and investment flexibility
Original SEC Filing:
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