Tullow Oil offers $1.8bn in notes; Secures $600m loan

Tullow Oil on Thursday said it was offering notes worth $1.8bn and had received $600m in commitments from lenders as part of its debt refinancing plans.

The senior notes are due in 2026, while the loan matures in 2024, Tullow said in a statement, adding that the cash would be partly used to repay and cancel all outstanding amounts under its existing reserves-based lending facility.