Talos Energy Inc.
Description
Priced an underwritten public offering of about 8.3 million shares of common stock of the company. Underwriters have been granted an option to purchase up to roughly 1.3 million additional shares of stock. Proceeds will be used 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 sole underwriter.