Tullow Oil ( (GB:TLW) ) has issued an announcement.
Tullow Oil has successfully repaid its Senior Notes maturing on 1 March 2025, amounting to $493 million, using funds from the Glencore Facility and cash reserves. This repayment marks progress in Tullow’s efforts to refinance and simplify its capital structure in 2025, potentially strengthening its financial position and operational focus in the energy sector.
More about Tullow Oil
Tullow Oil is an independent energy company focused on responsible oil and gas development in Africa, with operations primarily in Ghana, Gabon, and Côte d’Ivoire, and a significant resource base in Kenya. The company is committed to achieving Net Zero on its Scope 1 and 2 emissions by 2030 and aims to deliver socio-economic benefits to its host nations. Tullow Oil is listed on the London and Ghanaian stock exchanges.
YTD Price Performance: -29.34%
Average Trading Volume: 8,297,955
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £221.1M
See more data about TLW stock on TipRanks’ Stock Analysis page.