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.

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