Kosmos Energy Announces Successful Reserve-based Lending Facility Re-financing
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029.
- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its reserve-based lending (“RBL”) facility extending the maturity by approximately three years, with the RBL facility’s final maturity now in December 2029.
- Discussions with additional potential lenders are ongoing and are expected to increase commitments later this year towards the RBL facility size.
- $800 million is currently drawn against the RBL facility with the first amortization payment scheduled for April 1, 2027.
- Neal Shah, Chief Financial Officer, said “Re-financing the RBL facility is another important step to optimize Kosmos’ capital structure and proactively address our debt maturities.