Tullow Oil Plc has priced its offering of $800 million aggregate principal amount of 7% senior notes due 2025, the company said on March 16.

The size of the offering has been increased from $650 million, indicated at launch on March 12, to $800 million.

Interest will be payable semiannually. The offering is expected to complete on or about March 23, 2018.

The notes net proceeds will be used to pay transaction fees, costs and expenses, redeem in full the company’s senior notes due 2020 and repay certain existing indebtedness under the Company’s credit facilities.