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RNS Number : 2949P Kosmos Energy Limited 16 January 2026
KOSMOS ENERGY ANNOUNCES PRICING OF NORDIC BOND ISSUE
DALLAS January 16, 2026 - Kosmos Energy Ltd. ("Kosmos" or the "Company,")
(NYSE/LSE: KOS) announced today the pricing of $350 million aggregate
principal amount of 11.25% senior secured bonds due 2031 in the Nordic bond
market. The senior bonds will be issued by Kosmos Energy GTA Holdings, a
wholly-owned subsidiary of Kosmos, and will be fully and unconditionally
guaranteed by the Company, as well as the Company's wholly-owned subsidiaries,
Kosmos Energy Tortue Finance, Kosmos Energy Senegal, Kosmos Energy Investments
Senegal Limited and Kosmos Energy Mauritania. The senior bonds will also be
guaranteed on an unsecured basis by certain of the Company's subsidiaries that
also guarantee the Company's existing senior unsecured notes.
Kosmos intends to use the net proceeds from the offering to fund the tender
offer for up to $250 million aggregate principal amount of its 7.750% Senior
Notes due 2027 (including paying any related premiums, fees and expenses), to
repay certain borrowings under its reserve-based lending facility and for
general corporate purposes.
The senior bonds to be 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 bonds 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 bonds or any other securities and
it does not constitute an offer to purchase or a solicitation to sell any
notes subject to the tender offer. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, or a sale of, the senior
bonds or any other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production company
focused on meeting the world's growing demand for energy. We have diversified
oil and gas production from assets offshore Ghana, Equatorial
Guinea, Mauritania, Senegal and the Gulf of America. Additionally, in the
proven basins where we operate, we are advancing high-quality development
opportunities, which have come from our exploration success. Kosmos is listed
on the NYSE and LSE and is traded under the ticker symbol KOS. As an ethical
and transparent company, Kosmos is committed to doing things the right way.
The Company's Business Principles articulate our commitment to transparency,
ethics, human rights, safety and the environment. Read more about this
commitment in the Kosmos Sustainability Report. For additional information,
visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. 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" 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 ("SEC")
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.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations
Thomas Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com
Source: Kosmos Energy Ltd.
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