Tullow Oil plc has repaid $48,211,589.95 million of its outstanding senior secured notes, which were due in 2028. FOCUS The company settled the debt, at 101% of the principal amount, on 24 Jun 2026, leaving $1,162,034,475 outstanding of the principal amount. Chief financial officer Richard Miller said: “This partial repayment of the notes has been enabled […]
Tag: senior secured notes
Tullow appoints four NEDs
Tullow Oil plc has appointed four independent non-executive directors, following its refinancing transaction and subject to shareholder approval. DIRECTORS On 20 February, the company entered into a binding lock-up agreement with holders of approximately 66% of its $1,285,245,000 10.25% senior secured notes due in May 2026, and with Glencore Energy UK Ltd. The deal releases Tullow’s senior secured notes […]
Tullow signs debt refinancing deal
Tullow Oil plc has signed a binding lock-up agreement for refinancing of circa 66% of its $1,285,245,000 (£953m) 10.25% senior secured notes, due in May 2026. REVENUE The agreement, with debt holders including Glencore Energy UK Ltd’s $400 million notes,is expected to complete during the second quarter of 2026. The Irish company said that the transaction released its senior […]