secwatch.observer — SEC 8-K summary
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Issuer:     Kosmos Energy Ltd. (KOS)
CIK:        0001509991
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001509991-22-000026
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Kosmos Energy enters $250M revolver, matures Dec 2024; replaces prior facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509991/000150999122000026/0001509991-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509991/000150999122000026/kos-20220331.htm
  HTML page:      https://secwatch.observer/filing/0001509991-22-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer