- Talos Energy (NYSE:TALO) -6.7% post-market after commencing an 8.25M-share public offering, with an underwriters' option to purchase up to an additional 1.237M common shares.
- Talos expects to use the proceeds to facilitate its general financing strategy and to repay part of its outstanding borrowings under its reserves-based lending facility as well as for general corporate purposes.
- In its Q3 results last month, Talos reported a slightly smaller than expected loss while revenues fell by a third from the year-earlier period.