In support of the recently announced merger between Talos Energy Inc. (Talos or the Company) (NYSE: TALO) and QuarterNorth Energy Inc. for US$1.29 billion, Talos has:
- Secured US$650 million in bridge financing from a syndicate of banks representing most of the Company's reserves-based loan lender group
- Completed an upsized underwritten public offering of 30,000,000 shares of its common stock, for total gross proceeds of approximately US$351.0 million
- Priced an upsized US$1.25 billion offering of new Second-Priority Senior Secured Notes due 2029 and due 2031
Latham & Watkins LLP advised the banks in the bridge financing, the underwriters in the equity offering and the initial purchasers in the secured notes offering with a corporate team led by Houston partner Ryan Maierson, and Austin partners David Miller and Samuel Rettew, and associates Om Pandya, Connor Adams, Brian Bruzzo, and Mary Kline. Advice was also provided on finance matters by Houston/New York partner Craig Kornreich and Houston counsel Natalie McFarland, with associates Whitley Johnson and Chris Fanick; on tax matters by Houston partners Bryant Lee and Jared Grimley, with associate Dylan White; on environmental matters by Los Angeles/Houston partner Josh Marnitz, with associate Jacqueline Zhang; on employment and benefits matters by Washington, D.C. partner David Della Rocca and on regulatory matters by Washington, D.C. partner Janice Schneider, with associate Nathaniel Glynn.