All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
LevFinLevFin High Yield Bonds

Tullow Oil dodges restructuring, aims to break free of RBL crunch points

AdobeStock_oil_money_575x375_17Feb2021

Tullow Oil is marketing a new $1.8bn senior secured bond to repay its near-term maturities and cancel its reserve-based lending facility entirely, ending the twice yearly cycle of RBL determinations that has pushed some oil explorers close to the edge since the coronavirus pandemic struck.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree