Kosmos Energy Announces Pricing of $500 Million of Senior Notes Due 2031
10 Septiembre 2024 - 4:00PM
Business Wire
Kosmos Energy Ltd. (“Kosmos”) (NYSE/LSE: KOS) announced today
the pricing of $500 million aggregate principal amount of its
8.750% senior notes due 2031. The offering is expected to close on
September 24, 2024, subject to customary closing conditions. Kosmos
intends to use the net proceeds from the offering, together with
cash on hand, to fund the tender offers for a portion of its 7.125%
Senior Notes due 2026, 7.750% Senior Notes due 2027 and 7.500%
Senior Notes due 2028 and to pay any related premiums, fees and
expenses.
The senior notes offered have not been and will not be
registered under the Securities Act of 1933, as amended (the
“Securities Act”), or any state securities laws, and the securities
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of
the Securities Act and applicable state securities or blue sky
laws. The senior notes were offered only to persons reasonably
believed to be qualified institutional buyers in reliance on the
exemption from registration set forth in Rule 144A under the
Securities Act, and outside the United States, to non-U.S. persons
in reliance on the exemption from registration set forth in
Regulation S under the Securities Act.
This press release is being issued pursuant to, and in
accordance with, Rule 135c under the Securities Act, and is neither
an offer to sell nor a solicitation of an offer to buy the senior
notes or any other securities, and it does not constitute an offer
to purchase or a solicitation to sell any notes subject to the
tender offers or any other securities or a conditional notice of
partial redemption with respect to any securities. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, or a sale of, the senior notes or any other
securities in any jurisdiction in which such offer, solicitation or
sale is unlawful.
About Kosmos Energy
Kosmos is a full-cycle, deepwater, independent oil and gas
exploration and production company focused along the offshore
Atlantic Margins. Our key assets include production offshore Ghana,
Equatorial Guinea and the U.S. Gulf of Mexico, as well as
world-class gas projects offshore Mauritania and Senegal. We also
pursue a proven basin exploration program in Equatorial Guinea and
the U.S. Gulf of Mexico. Kosmos is listed on the NYSE and LSE and
is traded under the ticker symbol KOS. Kosmos is engaged in a
single line of business, which is the exploration, development, and
production of oil and natural gas. Substantially all of our
long-lived assets and all of our product sales are related to
operations in four geographic areas: Ghana, Equatorial Guinea,
Mauritania/Senegal and the U.S. Gulf of Mexico.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that Kosmos
expects, believes or anticipates will or may occur in the future
are forward-looking statements. Kosmos’ estimates and
forward-looking statements are mainly based on its current
expectations and estimates of future events and trends, which
affect or may affect its businesses and operations. Although Kosmos
believes that these estimates and forward-looking statements are
based upon reasonable assumptions, they are subject to several
risks and uncertainties and are made in light of information
currently available to Kosmos. When used in this press release, the
words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will,”
“may,” “potential” or other similar words are intended to identify
forward-looking statements. Such statements are subject to a number
of assumptions, risks and uncertainties, many of which are beyond
the control of Kosmos, which may cause actual results to differ
materially from those implied or expressed by the forward-looking
statements. Further information on such assumptions, risks and
uncertainties is available in Kosmos’ Securities and Exchange
Commission filings. Kosmos undertakes no obligation and does not
intend to update or correct these forward-looking statements to
reflect events or circumstances occurring after the date of this
press release, except as required by applicable law. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement.
European Economic Area and United Kingdom Notices
Financial Conduct Authority (FCA) stabilization rules apply.
MiFIR professionals / ECPs only / No PRIIPs / UK PRIIPs KID -
Manufacturer target market (MiFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs regulation key information
document (KID) has been prepared as the notes are not available to
retail investors in the EEA or the United Kingdom.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910952898/en/
Investor Relations Jamie Buckland +44 (0) 203 954 2831
jbuckland@kosmosenergy.com or Media Relations Thomas
Golembeski +1-214-445-9674 tgolembeski@kosmosenergy.com
Kosmos Energy (NYSE:KOS)
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