Talos Energy Shares Rise After Subsidiary Starts $800M Notes Offering

Dow Jones07-01
 
 

Talos Energy shares rose after the company's production subsidiary began an offering of $800 million second-priority senior secured notes due 2034.

The stock was 6.6% higher at $13.76, and is up 25% so far this year.

The energy company said it intends to use the proceeds from the offering to fund a portion of the cash consideration for its recently announced buy of Gulf of America, and to fund the redemption of all of the outstanding 9% second-priority senior secured notes due 2029.

Talos expects the new notes will be guaranteed on a senior basis.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

July 01, 2026 10:23 ET (14:23 GMT)

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