- Kosmos Energy issues $650m of senior notes due 2026 at a coupon rate of 7.125% to raise funds needed to paydown debt.

The offering was expected to close on April 4, 2019.

Kosmos would use the net proceeds from the offering to fund the redemption of all of its outstanding 7.875% Senior Secured Notes due 2021, of which there was $525 million aggregate principal amount outstanding, to repay a portion of the outstanding indebtedness under its revolving credit facility and to pay fees and expenses related to the redemption, repayment and the offering.

At 9:10am: [LON:KOS] Kosmos Energy Ltd share price was +3.51p at 470.03p

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