Kosmos Energy Ltd.

Description

Kosmos Energy Ltd. announced the pricing of $650 million aggregate principal amount of its 7.125% senior notes due 2026. The offering is expected to close on April 4, 2019, subject to customary closing conditions. Kosmos intends to use the net proceeds from the offering to fund the redemption of all of its outstanding 7.875% senior secured notes due 2021, of which there is $525 million aggregate principal amount outstanding, to repay a portion of the outstanding indebtedness under its revolving credit facility and to pay fees and expenses related to the redemption, repayment and the offering.

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Companies
Estimated Price
$650.0MM
Financing Type
Report Date