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Concurrently with the closing of its latest Gulf of Mexico transaction, the borrowing base under Talos Energy Inc.'s credit facility was upsized from $950.0 million to $1,150.0 million, effective immediately.
Pro forma for the closings, Talos had approximately $600 million of available liquidity. Talos expects to use free cash flow anticipated in 2020 to pay down a portion of the borrowings under the credit facility, even at the current commodity price environment.
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