Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Energy International Ltd. > News item |
Kosmos Energy repays $150 million of reserves-based lending facility
By Angela McDaniels
Tacoma, Wash., May 8 – Kosmos Energy Ltd. voluntarily repaid $150 million of its reserves-based lending facility during the first quarter of 2017, according to the company’s earnings release.
During the quarter, Kosmos also concluded the semiannual bank redetermination process on the facility. The borrowing base was decreased to $1.3 billion, driven by the remaining loan life under the facility, reducing total liquidity to $1.2 billion effective April 1.
The company said it ended the first quarter with $961 million of net debt.
Kosmos is an oil and gas exploration and production company based in Dallas.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.