[Editor’s note: This story was updated at 10:20 a.m. CST Dec. 9.]

Talos Energy Inc. commenced a public equity offering on Dec. 8 with proceeds earmarked to “facilitate its general financing strategy,” a company release said.

The Houston-based independent E&P company is offering about 8.3 million shares of its common stock to the public. The offering also includes a roughly 1.2 million-share greenshoe. Gross proceeds from the offering are estimated to top $73.4 million before associated fees and expenses, according to the company release.

In addition to facilitating its general financing strategy, Talos said it expects to use proceeds from the offering to repay a portion of its outstanding borrowings under its reserves-based lending facility and for general corporate purposes.

BMO Capital Markets Corp. is acting as sole underwriter for the offering.

Talos Energy’s operations are currently focused in the U.S. Gulf of Mexico, where it is one of the largest public independent producers. The company also operates offshore Mexico.

Offshore