debt
confidence high
sentiment neutral
materiality 0.40
Kosmos Energy enters $250M revolver, matures Dec 2024; replaces prior facility
Kosmos Energy Ltd.
- New $250M revolving credit facility replaces existing RCF; maturity Dec 31, 2024.
- Borrowings bear interest at SOFR plus credit adjustment spread plus 7.0% margin.
- Negative pledge covenants cover Ghana participating interests and Gulf of Mexico assets.
- Cash sweep of at least 50% of Excess Cash semi-annually to repay drawn balance.
- Expected $5M in fees and expenses to be amortized over term.