2nd Apr 2014 06:50
LONDON (Alliance News) - Tullow Oil PLC Wednesday said it intends to offer USD500 million worth of senior notes that will be due in 2022 to raise funds to repay certain other existing debts.
In a statement, the company said the interest rate, offer price and other terms on the notes will be determined when the offer is priced, but interest will be paid semi-annually and the notes will be guaranteed by some of its subsidiaries.
It didn't give any more details.
By Steve McGrath; [email protected]; @SteveMcGrath1
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