In June 2021, Talos announced its spring borrowing base redetermination and the completion of amendments to extend its RBL maturity to approximately three and a half years, eliminating the last material near-term maturity in its capital structure and solidifying its committed lender base. The twelve RBL syndicate banks unanimously approved the $950 million borrowing base and initial commitments of $655 million, which will now increase to $730 million following the addition of DNB to the syndicate. Strong operating results and a supportive commodity price environment continue to boost Talos's expectation of significant positive free cash flow for the remainder of 2021, driving further reductions in borrowings, increasing liquidity and allowing the Company to return to pre-pandemic leverage multiples ahead of prior expectations.