Posted by OilVoice Press - OilVoice
Tullow Oil plc (“Tullow” or the “Company”) today announces that it intends to offer $650 million in aggregate principal amount of senior notes due 2025 (the “Notes”).
The Notes, whose net proceeds will be used together with cash on hand to redeem in full the Company's senior notes due 2020, will be the general obligations of the Company and guaranteed by certain of the Company's subsidiaries. Interest will be payable semi-annually. The interest rate, offering price and other terms will be determined at the time of pricing of the offering, subject to market conditions.
The person responsible for arranging the release of this announcement on behalf of Tullow is Les Wood, Chief Financial Officer.
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