Tullow Oil is in the process of identifying the 2026 SSN holders, which some see as a precursor to a liability management exercise. Senior Secured Bondholders have

Tullow have won their first arbitration. As a result of the Tribunal's award, Tullow Ghana is not liable to pay the $320 million BPRT assessment issued by the Ghana Revenue

What a difference a word makes.  Tullow and Kosmos have both made statements stating the preliminary discussions between the two are taking place, with a

Rahul Dhir, the CEO of Tullow has indicated his intention to resign from Tullow in 2025.  This is a surprise with Tullow entering into a crucial period with

What about the LOC? Tullow has downsized its undrawn RCF from $500m to $250m and extended to June 2025, with no mention of the LOC. Tullow has a

Only $141m of Tullow Sub Bonds were tendered at 92%, spending c.$130m of the $300m allocated to the tender. With the bonds trading in the

S&P downgraded Tullow’s corporate rating to SD (selective default) as a result of the sub-par tender for the 2026 Senior Secured Notes.  We have previously highlighted that this was probable, but still

Tullow is a frustrating name for us as we were unable to convince clients about the merits of a long position in the name over the summer. Tullow announced the