CSG Investments, Inc. / Beal Bank / Beal Bank USA

Kosmos Energy Strengthens Liquidity Position With Closing of $200 Million Gulf of Mexico Facility

Retrieved on: 
Monday, October 5, 2020
Oil, Gas, Energy, Bodies of water, Landforms, Gulf of Mexico, Mexico–United States border, Oceans, Kosmos Energy, CSG Investments, Inc. / Beal Bank / Beal Bank USA, Trafigura

Kosmos has restructured its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the Companys U.S. Gulf of Mexico assets.

Key Points: 
  • Kosmos has restructured its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the Companys U.S. Gulf of Mexico assets.
  • The closing and syndication of the Gulf of Mexico facility enhances the companys strong liquidity position with access to low-cost, flexible financing.
  • As of September 30, 2020, following the closing of the Gulf of Mexico facility, the Company has approximately $650 million of available liquidity ahead of the conclusion of the fall RBL redetermination which we expect to conclude shortly.
  • Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins.