17 May 2021 - Tullow Oil plc ( Tullow or the Company ) is pleased to announce that it has completed its offering of $1,800 million aggregate principal amount of 10.250% senior secured notes due 2026 (the Notes ). Interest will be payable semi-annually. The Notes, whose net proceeds will be used to (i) repay all amounts outstanding under, and cancel all commitments made available pursuant to, the Company s existing Reserves Based Lending Facility, (ii) redeem in full the Company s senior notes due 2022, (iii) at maturity, repay in full and cancel the Company s convertible bonds due 2021 and (iv) pay fees and expenses incurred in connection with the transactions, will be the general senior secured obligations of the Company and guaranteed by certain of the Company s subsidiaries.
6 May 2021 - Tullow Oil plc (the Company ) is pleased to announce that it has priced its offering of $1,800,000,000 aggregate principal amount of 10.25% senior secured notes due 2026 at par (the Notes ). Interest will be payable semi-annually. The offering is expected to complete on or about 17 May 2021, subject to customary conditions precedent for similar transactions. The Notes, whose net proceeds will be used to (i) repay all amounts outstanding under, and cancel all commitments made available pursuant to, the Company s existing Reserves Based Lending Facility, (ii) redeem in full the Company s senior notes due 2022, (iii) at maturity repay in full and cancel the Company s convertible bonds due 2021 and (iv) pay fees and expenses incurred in connection with the transactions, will be the general senior secured obligations of the Company and guaranteed by certain of the Company s subsidiaries.