Email
Talos Energy Announces Equity Sales, Stock Drop
Talos Energy said it plans to sell 8,250,000 shares of common stock. Additionally, the Company has granted the underwriter an option to purchase up to an additional 1,237,500 shares of common stock.
The Company expects to use the net proceeds from the Offering to facilitate its general financing strategy and to repay a portion of its outstanding borrowings under its reserves-based lending facility as well as for general corporate purposes.
BMO Capital Markets Corp. is acting as sole underwriter for the Offering.
The company has seen its stock fall as a result of the offering.
Announced Date
December 08,2020
Value ( $MM )
74
Type
Equity-Stock-Sales
Use of Fund
General Purpose
Company
Talos Energy Inc
Underwriter
/Book Runner
/Book Runner
BMO Capital Markets
Regions
Offshore
Country
United States,United States
Play
Gulf Of Mexico (GOM)
Offshore Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2019-12-20 | Contango Taps Private Equity Markets for $53 Million | Contango Oil & Gas Co. | 53.35 | Equity-Stock-Sales |
| 2015-07-16 | Genesis Launches Public Offering as it Inks GOM Asset Deal | Genesis Energy Lp | 393.93 | Equity-Stock-Sales |