REG - Kosmos Energy Ltd - Pricing of Senior Notes

Kosmos EnergyAnnouncement

11/09/2024 07:00

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RNS Number : 6600D  Kosmos Energy Limited  11 September 2024

 

KOSMOS ENERGY ANNOUNCES PRICING OF $500 MILLION OF SENIOR NOTES DUE 2031

 

DALLAS--September 11, 2024 - Kosmos Energy Ltd. ("Kosmos") (NYSE/LSE: KOS)
announced today the pricing of $500 million aggregate principal amount of its
8.750% senior notes due 2031. The offering is expected to close on September
24, 2024, subject to customary closing conditions. Kosmos intends to use the
net proceeds from the offering, together with cash on hand, to fund the tender
offers for a portion of its 7.125% Senior Notes due 2026, 7.750% Senior Notes
due 2027 and 7.500% Senior Notes due 2028 and to pay any related premiums,
fees and expenses.

The senior notes offered have not been and will not be registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any state
securities laws, and the securities may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities or blue sky
laws. The senior notes were offered only to persons reasonably believed to be
qualified institutional buyers in reliance on the exemption from registration
set forth in Rule 144A under the Securities Act, and outside the United
States, to non-U.S. persons in reliance on the exemption from registration set
forth in Regulation S under the Securities Act.

This press release is being issued pursuant to, and in accordance with, Rule
135c under the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to buy the senior notes or any other securities, and
it does not constitute an offer to purchase or a solicitation to sell any
notes subject to the tender offers or any other securities or a conditional
notice of partial redemption with respect to any securities. This press
release shall not constitute an offer to sell or a solicitation of an offer to
buy, or a sale of, the senior notes or any other securities in any
jurisdiction in which such offer, solicitation or sale is unlawful.

 

About Kosmos Energy

 

Kosmos is a full-cycle, deepwater, independent oil and gas exploration and
production company focused along the offshore Atlantic Margins. Our key assets
include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of
Mexico, as well as world-class gas projects offshore Mauritania and Senegal.
We also pursue a proven basin exploration program in Equatorial Guinea and the
U.S. Gulf of Mexico. Kosmos is listed on the NYSE and LSE and is traded under
the ticker symbol KOS. Kosmos is engaged in a single line of business, which
is the exploration, development, and production of oil and natural gas.
Substantially all of our long-lived assets and all of our product sales are
related to operations in four geographic areas: Ghana, Equatorial Guinea,
Mauritania/Senegal and the U.S. Gulf of Mexico.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that Kosmos expects, believes or anticipates will or may occur in
the future are forward-looking statements. Kosmos' estimates and
forward-looking statements are mainly based on its current expectations and
estimates of future events and trends, which affect or may affect its
businesses and operations. Although Kosmos believes that these estimates and
forward-looking statements are based upon reasonable assumptions, they are
subject to several risks and uncertainties and are made in light of
information currently available to Kosmos. When used in this press release,
the words "anticipate," "believe," "intend," "expect," "plan," "will," "may,"
"potential" or other similar words are intended to identify forward-looking
statements. Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Kosmos, which may cause
actual results to differ materially from those implied or expressed by the
forward-looking statements. Further information on such assumptions, risks and
uncertainties is available in Kosmos' Securities and Exchange Commission
filings. Kosmos undertakes no obligation and does not intend to update or
correct these forward-looking statements to reflect events or circumstances
occurring after the date of this press release, except as required by
applicable law. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. All forward-looking statements are qualified in their entirety by
this cautionary statement.

 

European Economic Area and United Kingdom Notices

 

Financial Conduct Authority (FCA) stabilization rules apply.

 

MiFIR professionals / ECPs only / No PRIIPs / UK PRIIPs KID - Manufacturer
target market (MiFID II product governance) is eligible counterparties and
professional clients only (all distribution channels). No PRIIPs regulation
key information document (KID) has been prepared as the notes are not
available to retail investors in the EEA or the United Kingdom.

Source: Kosmos Energy Ltd.

Investor Relations
Jamie Buckland

+44 (0) 203 954 2831
jbuckland@kosmosenergy.com (mailto:jbuckland@kosmosenergy.com)

or

Media Relations
Thomas Golembeski

+1-214-445-9674
tgolembeski@kosmosenergy.com (mailto:tgolembeski@kosmosenergy.com)

 

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