Talos Energy (TALO) Prices 8.25M Share Offering for Expected Gross Proceeds of $73.4245M

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Go back to Talos Energy (TALO) Prices 8.25M Share Offering for Expected Gross Proceeds of $73.4245M

Talos Energy Announces Pricing Of Public Offering Of Common Stock

December 9, 2020 5:59 AM EST

HOUSTON, Dec. 9, 2020 /PRNewswire/ -- Talos Energy Inc. (NYSE: TALO) (the "Company") announced today that it has priced its underwritten public offering of 8,250,000 shares of common stock of the Company (the "Offering") for expected gross proceeds of $73,425,000 before associated fees and expenses. 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... More