Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Talos Production Inc. > News item |
Talos Production pricing $100 million more 12% second-lien notes on Monday; initial talk 95-96
By Paul A. Harris
Portland, Ore., Jan. 11 – Talos Energy Inc. plans to price a $100 million add-on to the Talos Production Inc. 12% second priority senior secured notes due Jan. 15, 2026 (existing ratings B3/B+) in a Monday drive-by, according to market sources.
Initial price talk is 95 to 96, a trader said.
J.P. Morgan Securities LLC is leading the sale.
The notes come with call protection until Jan. 15, 2026.
The Houston-based oil and gas company plans to use the proceeds to repay debt under its reserves-based lending facility.
Talos Production, a wholly owned subsidiary of Talos Energy, priced the original $500 million issue at 91 to yield 14.583% in December.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.