TALOS ENERGY INCREASES LIQUIDITY, ADDS ADDITIONAL LENDER AND EXPANDS CCS FINANCING FLEXIBILITY AS PART OF SUCCESSFUL SEMI-ANNUAL BORROWING BASE REDETERMINATION

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By PR Newswire HOUSTON, Dec. 21, 2021 /PRNewswire/ — Talos Energy Inc. (TALO) – Get Talos Energy, Inc. Report (“Talos” or the “Company”) today announced the successful completion of its semi-annual reserves-based loan (“RBL”) redetermination process. The Company added an additional lender to the RBL facility and increased commitments from one other, adding a total of approximately $62 million of new commitments. Additionally, Talos added key provisions to increase flexibility for early-stage, pre-FID investments in carbon capture and sequestration (“CCS”) business opportunities. The Company’s…

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