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Kosmos Energy ( (KOS) ) just unveiled an announcement.
Kosmos Energy has launched a $350 million senior secured bond offering in the Nordic bond market via its wholly owned subsidiary Kosmos Energy GTA Holdings, with the bonds maturing in 2031 and fully guaranteed by the parent company and key regional subsidiaries. The proceeds will be used primarily to fund a cash tender offer for $250 million of its 7.750% senior notes due 2027, reduce borrowings under its reserve-based lending facility and support general corporate purposes, reflecting an effort to proactively manage and extend its debt profile while maintaining funding flexibility for ongoing offshore oil and gas developments.
More about Kosmos Energy
Kosmos Energy is a deepwater exploration and production company focused on meeting global energy demand through diversified oil and gas assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of Mexico. Listed on both the NYSE and LSE under the ticker KOS, the company advances development opportunities in proven basins where it has achieved exploration success, and emphasizes transparency, ethics, human rights, safety and environmental stewardship in its operations.
Learn more about KOS stock on TipRanks’ Stock Analysis page.