Tullow Oil PLC Intention to offer $650m senior notes (3819H)
March 12 2018 - 5:00AM
UK Regulatory
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RNS Number : 3819H
Tullow Oil PLC
12 March 2018
News Release
THIS RELEASE CONTAINS INSIDE INFORMATION
Announcement of intention to offer $650m senior notes
12 March 2018 - Tullow Oil plc ("Tullow" or the "Company") today
announces that it intends to offer $650 million in aggregate
principal amount of senior notes due 2025 (the "Notes"). The Notes,
whose net proceeds will be used together with cash on hand to
redeem in full the Company's senior notes due 2020, will be the
general 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.
The person responsible for arranging the release of this
announcement on behalf of Tullow is Les Wood, Chief Financial
Officer.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other security and
shall not constitute an offer, solicitation or sale in the United
States or in any jurisdiction in which, or to any persons to whom,
such offering, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any
jurisdiction.
The Notes and the related guarantees have not been, and will not
be, registered under the U.S. Securities Act of 1933, as amended
(the "Securities Act") and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities
Act.
This announcement may include projections and other
"forward-looking" statements within the meaning of applicable
securities laws. Any such projections or statements reflect the
current views of the Company about future events and financial
performance. The use of any of the words "expect," "anticipate,"
"continue," "will," "project," "should," "believe," "plans,"
"intends" and similar expressions are intended to identify
forward-looking information or statements. Although the Company
believes that the expectations and assumptions on which such
forward-looking statements and information are reasonable, undue
reliance should not be placed on the forward-looking statements and
information because the Company can give no assurance that such
statements and information will prove to be correct. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties.
The forward-looking statements and information contained in this
announcement are made as of the date hereof and the Company
undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information future events or otherwise, unless so required by
applicable securities laws. Within the United Kingdom, this
announcement is directed only at persons having professional
experience in matters relating to investments who fall within the
definition of "investment professionals" in Article 19{5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 ("relevant persons"). The investment or investment activity to
which this announcement relates is only available to and will only
be engaged in with relevant persons and persons who receive this
announcement who are not relevant persons should not rely or act
upon it.
This press release shall not be considered an "offer of
securities to the public" for purposes of the Luxembourg law on
prospectus for public offering dated 10 July 2005 or give rise to
or require the publication of a prospectus in any EU member state
which has implemented Directive 2003/71/EC (together with any
applicable implementing measures, including Directive 2010/73/EC,
in any member state).
Manufacturer target market (MIFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs key information document (KID)
has been prepared as not available to retail in EEA.
FOR FURTHER INFORMATION CONTACT:
Tullow Oil Murray Consultants
plc (Dublin)
(London) (+353 1
(+44 20 498 0300)
3249 9000) Pat Walsh
Chris Perry Joe Heron
George Cazenove
Nicola Rogers
================= ===================
Notes to Editors
Tullow Oil plc
Tullow is a leading independent oil & gas, exploration and
production group, quoted on the London, Irish and Ghanaian stock
exchanges (symbol: TLW). The Group has interests in over 80
exploration and production licences across 16 countries which are
managed as three business delivery teams: West Africa, East Africa
and New Ventures.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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