Cains advises on US$650,000,000 notes issue

Cains acted as Isle of Man legal advisers to Tullow Oil plc (the “Company”) in relation to the issue of US$650 million aggregate principal amount of 6.250% senior notes due 2022 (the “Notes”). The Notes, whose net proceeds will be used to repay certain existing indebtedness under the Company’s credit facilities (but not cancel commitments under such facilities), will be the senior obligations of the Company and guaranteed by certain of the Company’s subsidiaries.

The Cains team was led by Tristan Head.