Tullow Oil PLC in demand after refinancing plans
Tullow Oil in demand after refinancing plans A look at the major movers on the London market on Thursday oil Tullow Oil PLC (LON:TLW) is one of the days risers after it unveiled a refinancing. The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility. The proceeds with be used to push out the timeframe for its debt obligations, in...
Source: proactiveinvestors.co.uk