Tullow Oil to offer 500m dollar senior notes

2nd Apr 2014 07:56

Tullow Oil on Wednesday announced plans to offer half a million dollars worth of senior notes to generate funds that will be used to repay some of its debt under its current credit facilities. The notes are due in 2022 and will be guaranteed by several of Tullow's subsidiary companies. Interest will be paid semi-annually, the rate of which will be decided at the pricing of the offering, the FTSE 100 group explained. NR

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