Tullow Oil to Issue $800 Million of Senior Notes
16 Março 2018 - 3:00PM
Dow Jones News
By Dimitrios Kontos
Tullow Oil PLC (TLW.LN) said Friday that it has increased its
senior note offering to $800 million, from $650 million it had
indicated on Monday.
The independent oil-and-gas exploration and production company
said it will use the proceeds to pay transaction fees, expenses,
redeem its senior notes due 2020 and repay indebtedness under its
credit facilities.
The new notes will be due in 2025, with 7% interest that will be
payable semi-annually, the company said.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
March 16, 2018 13:45 ET (17:45 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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