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Investegate |Tullow Oil PLC Announcements | Tullow Oil PLC: Closing of $1.8bn Senior Secured Notes


 
17 May 2021 
- Tullow Oil plc ( Tullow  or the  Company ) is pleased to announce that it has completed its offering of $1,800 million aggregate principal amount of 10.250% senior secured notes due 2026 (the Notes ). Interest will be payable semi-annually. The Notes, whose net proceeds will be used to (i) repay all amounts outstanding under, and cancel all commitments made available pursuant to, the Company s existing Reserves Based Lending Facility, (ii) redeem in full the Company s senior notes due 2022, (iii) at maturity, repay in full and cancel the Company s convertible bonds due 2021 and (iv) pay fees and expenses incurred in connection with the transactions, will be the general senior secured obligations of the Company and guaranteed by certain of the Company s subsidiaries. ....

United States , United Kingdom , City Of , Matthew Evans , Pat Walsh , Joe Heron , Tullowoilplc Tullow , Tullow Oil , Financial Services , Reserves Based Lending Facility , Securities Act , Looking Information , Markets Act , Financial Promotion , Financial Promotion Order , Chris Perry , Net Zero , Investegate Announcements , Investegate Company Announcements , Tullow Oil Plc , Egulatory News Service , Egulatory News Service And Regulatory , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , மேத்யூ எவன்ஸ் ,

Investegate |Tullow Oil PLC Announcements | Tullow Oil PLC: Pricing of $1.8bn Senior Secured Notes


 
6 May 2021
- Tullow Oil plc (the Company ) is pleased to announce that it has priced its offering of $1,800,000,000 aggregate principal amount of 10.25% senior secured notes due 2026 at par (the Notes ).
 
Interest will be payable semi-annually. The offering is expected to complete on or about 17 May 2021, subject to customary conditions precedent for similar transactions. The Notes, whose net proceeds will be used to (i) repay all amounts outstanding under, and cancel all commitments made available pursuant to, the Company s existing Reserves Based Lending Facility, (ii) redeem in full the Company s senior notes due 2022, (iii) at maturity repay in full and cancel the Company s convertible bonds due 2021 and (iv) pay fees and expenses incurred in connection with the transactions, will be the general senior secured obligations of the Company and guaranteed by certain of the Company s subsidiaries. ....

United States , United Kingdom , City Of , Matthew Evans , Adam Holland , Pat Walsh , Joe Heron , Tullow Oil , Financial Services , Company Secretary , Reserves Based Lending Facility , Securities Act , Looking Information , Markets Act , Financial Promotion , Financial Promotion Order , Market Abuse Regulation , Chris Perry , Net Zero , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , மேத்யூ எவன்ஸ் , பண்படாமனித இயல்பு ஹாலண்ட் , பேட் வால்ஷ் , ஓஹோ ஹெரான் ,