Talos Energy entered into an Amended and Restated Credit Agreement to enhance liquidity and extend its revolving credit facility. The $700 million borrowing base and commitments include a $250 million letter of credit sublimit, with interest options based on ABR or SOFR. The facility matures on Jan 20, 2030, or springs to Nov 02, 2028 if certain 2029 notes are not refinanced. Covenants include a maximum 3.0x total debt to EBITDAX and a minimum 1.0x current ratio, and the facility is secured by mortgages on at least 85% of proved assets.
Agreement details:
- Agreement type: Amended and restated secured revolving credit facility
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jan 20 2026 / Jan 20 2026
- Duration / Termination: Until Jan 20 2030 (springing to Nov 02 2028 if notes outstanding)
- Reason: Refinance and extend liquidity under revolving credit facility
Original SEC Filing: TALOS ENERGY INC. [ TALO ] – 8-K – Jan. 22, 2026
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Source: tradingview.com
