Thu, 06th May 2021 19:25
Tullow Oil PLC - London-based oil and gas explorer - Prices USD1.80 billion of senior secured notes. Notes carry 10.25% interest and mature in 2026. Proceeds to go towards cancelling commitments for existing reserves based lending facility, redeeming senior notes due 2022 and repaying in full convertible bonds due 2021.
Current stock price: 56.28 pence
Year-to-date change: up 90%
By Eric Cunha; ericcunha@alliancenews.com
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Tullow Oil (TLW)