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Early Results of its Tender Offer for 2025 Notes
Early Results of its Tender Offer for 2025 Notes.
About this update from Tullow Oil Plc
[{"type":"text","content":"\n\nNOT FOR DISTRIBUTION IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY NOTES.\nTullow Oil plc\n \n\n \nEarly Results of its Tender Offer for 2025 Notes\n \nNovember 30, 2023 - Tullow Oil plc (the \"Company\") announces the early results of its previously announced invitation to holders of its outstanding 7.00% Senior Notes due 2025 (the \"Notes\") to tender such Notes for purchase by the Company for cash (the \"Tender Offer\") up to an aggregate tender consideration, excluding any accrued and unpaid interest, of U.S.$300,000,000 (the \"Aggregate Tender Consideration\") in respect of tenders from registered holders of Notes (\"Holders\") who validly tendered their Notes on or prior to 5:00 p.m., New York City time, on November 29, 2023 (the \"Early Tender Deadline\").\nAs of the Early Tender Deadline, U.S.$130,086,000 principal amount of Notes were validly tendered. The table below identifies the principal amount of Notes validly tendered and accepted as of the Early Tender Deadline:\n\n\n\n\nTitle of Security\n\n\nCUSIP/ISIN\n\n\nOutstanding Principal Amount as at the date of the Offer to Purchase\n\n\nPrincipal\nAmount\nTendered and Accepted\n\n\nEarly Tender Offer Consideration(1)\n\n\n\n\n7.00% Senior Notes due 2025 (the \"Notes\")\n\n\nRule 144A: 899415AE3 / US899415AE32\n \nRegulation S: G91237AA8 / USG91237AA87\n\n\nU.S.$633,463,000\n\n\nU.S.$130,086,000\n\n\nU.S.$920.00\n\n\n\n\n\n \n\nNotes:\n(1) The clearing price per U.S.$1,000 principal amount of Notes validly tendered prior to the Early Tender Deadline and accepted for purchase (the \"Clearing Price\" or \"Early Tender Offer Consideration\", as applicable) (exclusive of any accrued and unpaid interest on such Notes from, and including, the last interest payment date applicable to such Notes, which will be paid in addition to the applicable Consideration to, but not including, the Final Payment Date (as defined herein)).\nCapitalized terms used in this announcement but not defined herein have the meanings given to them in the offer to purchase dated November 15, 2023 (the \"Offer to Purchase\").\nThe Early Tender Offer Consideration for each U.S.$1,000 principal amoun...