Kosmos closes convertible notes at $400 million with greenshoe add

Chicago, March 8 – Kosmos Energy Ltd. completed its 3.125% six-year convertible notes offering for $400 million, according to an 8-K filing with the Securities and Exchange Commission.

The size included the original $350 million priced on March 5 and the full $50 million exercise of the greenshoe option one day later.

BofA Securities Inc. and Barclays were bookrunners for the Rule 144A deal.

The company used $49.8 million of the net proceeds to cover the cost of the call spread with the remaining amount used to repay outstanding debt under its commercial debt facility.

Kosmos Energy is a Dallas-based deep-water oil and gas exploration company.

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