Tullow Oil

Transformational refinancing

  • Apr 29 2021, 08:35 IST/BST
  • Colin Grant
  • Company Report
  • 5 page(s)
  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 49.7p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

DAVY VIEW

Tullow Oil has announced that it is issuing a $1.8bn senior bond and has received substantial additional liquidity commitments of $600m. Combined with existing cash, the company can redeem all financial commitments due by 2024 at par. This simplifies its financial position and does not require any new equity.

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Apr 29 2021, 08:35 IST/BST

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