TotalEnergies Holdings USA, Inc. agreed to acquire Talos Low Carbon Solutions LLC from Talos Energy Inc. (NYSE:TALO) for approximately $150 million on January 1, 2024. Purchase price includes $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. The transaction was based on an effective date of January 1, 2024 and will close later today. Talos intends to use the proceeds from the sale to immediately repay borrowings under its credit facility and for general corporate purposes. Morgan Stanley & Co. LLC served as financial advisor to Talos and Justin T. Stolte, partner Jim Cole, Larry Seymour, Robert Frances, Joshua Marnitz, Jason Cruise and Kevin Chambers of
Latham & Watkins LLP served as legal advisor to Talos. Charlie Ofner , Taylor Pullins ,Arlene Arin Hahn ,David Dreier ,Jason McCoy , Melissa Taylormoore ,Rebecca Farrington, Mark J. Gidley and Jeremie Marthan of White & Case LLP acted as legal advisor to TotalEnergies Holdings USA, Inc.

TotalEnergies Holdings USA, Inc. completed the acquisition of Talos Low Carbon Solutions LLC from Talos Energy Inc. (NYSE:TALO) on March 18, 2024.