16th Mar 2018 17:42
The size of the offering has been increased to
Interest on the bonds is expected to be payable semi-annually. Net proceeds from the offering 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.
The note offering is expected to complete by next Friday.
Shares in the oil producer closed at
Related Shares:
Tullow Oil