{"id":20574,"date":"2026-02-27T08:57:22","date_gmt":"2026-02-27T08:57:22","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/20574\/"},"modified":"2026-02-27T08:57:22","modified_gmt":"2026-02-27T08:57:22","slug":"tullow-oil-agrees-refinancing-with-glencore-and-some-bondholders","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/20574\/","title":{"rendered":"Tullow Oil Agrees Refinancing with Glencore and Some Bondholders"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/TLW:LN\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Tullow Oil Plc<\/a> has reached an agreement with some bondholders and lender <a href=\"https:\/\/www.bloomberg.com\/quote\/2006623Z:LN\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Glencore Energy UK Limited<\/a> that would allow the Africa-focused energy company to delay a looming debt repayment and boost its liquidity.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The cash-strapped oil and gas firm is due to repay a $1.3 billion bond in May and had been <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T2QOKWGPQQGT\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">locked in negotiationsBloomberg Terminal<\/a> for months with creditors about restructuring its debt. The <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/TAQX54KIP3JA\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">agreement announced FridayBloomberg Terminal<\/a> has the support of around two-thirds of its bondholders and Glencore, which previously provided a $400 million lending facility.<\/p>\n","protected":false},"excerpt":{"rendered":"Tullow Oil Plc has reached an agreement with some bondholders and lender Glencore Energy UK Limited that would&hellip;\n","protected":false},"author":2,"featured_media":20575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[13692,2565,13693,13694,11302,132,352,2563,13695,231,13691,2561],"class_list":{"0":"post-20574","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-glencore","8":"tag-bonds","9":"tag-debt","10":"tag-energy-uk","11":"tag-gabon","12":"tag-generic-1st-cl-future","13":"tag-glencore","14":"tag-glencore-plc","15":"tag-interest-rates","16":"tag-kenya","17":"tag-markets","18":"tag-tullow-oil-plc","19":"tag-us-dollar-spot"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=20574"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/20575"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=20574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=20574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=20574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}