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Kosmos Energy prices $650M senior notes offering


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Kosmos Energy prices $650M senior notes offering

Independent oil and gas exploration and production company Kosmos Energy Ltd. said March 21 it priced the offering of $650 million of its 7.125% senior notes due 2026.

The company plans to use the proceeds to fund redemption of all of its outstanding 7.875% senior secured notes due 2021, to repay a portion of its outstanding indebtedness under its revolving credit facility and "to also pay fees and expenses related to the redemption, repayment and the offering," Kosmos said.

The offering is expected to close April 4, subject to customary closing conditions.