Tullow Oil plc

Tullow Oil plc

Tullow Oil plc (the “Company”) today announces that it intends to offer $500 million in aggregate principal amount of senior notes due 2022 (the “Notes”). The Notes, whose net proceeds will be used to repay certain existing indebtedness under the Company’s credit facilities (but not cancel commitments under such facilities), will be the senior obligations of the Company and guaranteed by certain of the Company’s subsidiaries. Interest will be payable semi-annually. The interest rate, offering price and other terms will be determined at the time of pricing of the offering, subject to market conditions.

#FOLLOW US ON INSTAGRAM