( MENAFN - PR Newswire) HOUSTON, Dec. 14, 2020 /PRNewswire/ -- Talos ("Talos Energy") (NYSE: TALO ) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos Energy, has commenced an offering (the "Offering") of $400 million in aggregate principal amount of new Second-Priority Senior Secured Notes due 2026 (the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund the redemption (the "Redemption") of all of the outstanding 11.00% Second-Priority Senior Secured Notes due 2022 issued by the Company and Talos Production Finance Inc. (the "2022 Notes") and (ii) pay any premiums, fees and expenses related to the Redemption and the issuance of the New Notes. The Company intends to use any remaining net proceeds for general corporate purposes, which may include the repayment of a portion of the outstanding borrowings under its reserves-based lending facility.