Talos issues $800M 8% notes to fund Gulf of America acquisition and redeem 9% debt

Filed July 13, 2026 · Period ending July 13, 2026 · ~1 min read

Key Changes

• high

  Issued $800M of 8% senior secured notes due 2034, using proceeds to fund pending Gulf of America acquisition (Na Kika and Coulomb deepwater assets), redeem all outstanding 9% notes, and pay fees.

  Item 1.01 verify on EDGAR →
• high

  Must redeem $175M of new notes at par if acquisition fails to close by Dec 31, 2026, if company abandons the deal, or if BP exercises preferential purchase right over certain Na Kika assets.

  Item 1.01 verify on EDGAR →
• high

  Redeemed all outstanding 9% notes at 104.5% of principal plus accrued interest, funded by new note proceeds, reducing interest rate burden by 100 basis points.

  Item 8.01 verify on EDGAR →