debt
confidence high
sentiment neutral
materiality 0.65
Kosmos Energy issues $500M 8.750% senior notes due 2031
Kosmos Energy Ltd.
- $500M aggregate principal, 8.750% interest, matures Oct 1, 2031.
- Interest payable semi-annually Apr 1 and Oct 1, starting Apr 1, 2025.
- Notes are senior unsecured, guaranteed by certain Gulf of Mexico asset subsidiaries.
- Redemption: up to 40% with equity proceeds at 108.75% before Oct 2027; make-whole or fixed prices thereafter.
- Covenants restrict additional debt, liens, dividends, investments; terminate if investment-grade rated.