secwatch.observer — SEC 8-K summary
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Issuer:     Kosmos Energy Ltd. (KOS)
CIK:        0001509991
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001509991-24-000031
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Kosmos Energy amends RBL: size to $1.35B, maturity extended to Dec 2029
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- Facility size increased from $1.25B to $1.35B; commitments ~$1.2B, expected to reach $1.35B as lenders complete approvals.
- Maturity extended to Dec 31, 2029; amortization begins Apr 1, 2027 with semi-annual equal payments.
- Interest margin raised by 0.25-0.50%; financial covenants tightened: Loan Life Cover Ratio to 1.30x after Sep 2027, Field Life Cover Ratio to 1.50x.
- Revolving credit facility reduced from $250M to ~$165M; commitments transferred to A&R RBL; RCF maturity unchanged (Dec 31, 2024).
- Expected fees and expenses ~$18M (~1.5% of commitments), amortized over term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509991/000150999124000031/0001509991-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509991/000150999124000031/kos-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001509991-24-000031

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