Kosmos Energy plans to repay revolver borrowings with note proceeds

By Marisa Wong

Morgantown, W.Va., March 14 – Kosmos Energy Ltd. intends to repay a portion of the outstanding debt under its revolving credit facility using proceeds from an offering of new senior notes, according to a news release.

The company announced on Thursday that it plans to offer $600 million of senior notes due 2026, proceeds of which will also be used to redeem the company’s outstanding 7 7/8% senior secured notes due 2021.

Kosmos is a Dallas-based full-cycle deepwater oil and gas exploration and production company focused along the Atlantic Margins.

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