Talos Energy announced that it has commenced an underwritten public offering of $300M of shares of its common stock. The company intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of QuarterNorth Energy. In the event that the QuarterNorth Acquisition is not completed, the proceeds from this offering will be used for general corporate purposes. J.P. Morgan Securities, Goldman Sachs & Co. and Mizuho are acting as joint book-running managers and representatives of the underwriters and Citigroup, Morgan Stanley, Capital One Securities, DNB Markets, KeyBanc Capital Markets, and Regions Securities are also acting as joint book-running managers.
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- M & A News: Talos Stock (NYSE:TALO) Spikes on QuarterNorth Deal
- Talos Energy announces acquisition of QuarterNorth Energy for $1.29B
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