Business
Pricing of $800m senior notes
Pricing of $800m senior notes.
About this update from Tullow Oil Plc
[{"type":"text","content":"\n \nRNS Number : 0507I Tullow Oil PLC 16 March 2018 \n\nNews Release\n\n \nPricing of $800m senior notes\n \n16 March 2018 - Tullow Oil plc (\"Tullow\" or the \"Company\") is pleased to announce that it has priced its offering of $800 million aggregate principal amount of 7% senior notes due 2025 at par (the \"Notes\"). The size of the offering has been increased from $650 million, indicated at launch on 12 March, to $800 million.\n \nInterest will be payable semi-annually. The offering is expected to complete on or about 23 March 2018, subject to customary conditions precedent for similar transactions. The Notes, whose net proceeds will be used to pay transaction fees, costs and expenses, redeem in full the Company's senior notes due 2020 and repay certain existing indebtedness under the Company's credit facilities, will be the general obligations of the Company and guaranteed by certain of the Company's subsidiaries.\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 state...