Talos Energy completes $500 million reserve-based lending facility

By Sara Rosenberg

New York, Feb. 6 - Talos Energy Holdings closed on a new $500 million reserve-based lending credit facility, according to a market source.

TD Securities (USA) LLC and Citigroup Global Markets Inc. were the joint lead arrangers on the deal and were bookrunners with Goldman Sachs & Co. and Nomura.

The facility has an initial borrowing base of $275 million.

The loan was completed in connection with the purchase of Energy Resource Technology GOM Inc., the oil and gas subsidiary of Helix Energy Solutions Group Inc., for $620 million.

Draws under the credit facility, equity and proceeds from a bond offering were used to fund the acquisition, the source added.

Talos is a Houston-based oil and gas company.

© 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.