Business
Intention to offer $650m senior notes
Intention to offer $650m senior notes.
About this update from Tullow Oil Plc
[{"type":"text","content":"\n \nRNS Number : 3819H Tullow Oil PLC 12 March 2018 \n\nNews Release\n \nTHIS RELEASE CONTAINS INSIDE INFORMATION\n \nAnnouncement of intention to offer $650m senior notes\n \n12 March 2018 - 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.\n \nThe person responsible for arranging the release of this announcement on behalf of Tullow is Les Wood, Chief Financial Officer.\n \nThis announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.\n \nThe Notes and the related guarantees have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the \"Securities Act\") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.\n \nThis announcement may include projections and other \"forward-looking\" statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the Company about future events and financial performance. The use of any of the words \"expect,\" \"anticipate,\" \"continue,\" \"will,\" \"project,\" \"should,\" \"believe,\" \"plans,\" \"intends\" and similar expressions are intended to identify forward-looking information or statements. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information a...