REG - Kosmos Energy Ltd - Senior Secured Term Loan with Shell

Kosmos EnergyAnnouncement

25/09/2025 13:00

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RNS Number : 8487A  Kosmos Energy Limited  25 September 2025

 

KOSMOS ENERGY ENTERS INTO Senior SEcured TERM loan facility

with shell for up to $250 MILLION

 

DALLAS, Texas, September 25, 2025 - Kosmos Energy
(http://www.kosmosenergy.com/) (NYSE/LSE: KOS) ("Kosmos" or the "Company")
announced today that its wholly-owned subsidiary, Kosmos Energy Gulf of Mexico
Operations, LLC ("the Borrower"), has entered into a senior secured term loan
facility (the "Term Facility") with Shell Trading (US) Company  ("STUSCO" or
"Lender"), with funding anticipated on October 1, 2025.

 

The Term Facility provides up to $250 million to be used for the repayment of
the Company's outstanding unsecured notes. The Term Facility is structured in
two tranches, with the first tranche of $150 million to be drawn at close and
used to partially redeem the Company's outstanding 2026 unsecured notes ($250
million outstanding). A second tranche of $100 million is available for
drawing until April 1, 2026. The Term Facility has an interest rate of SOFR +
3.75%, is secured against the Borrower's assets in the Gulf of America and has
a final maturity date of four years after closing.

 

Neal Shah, Chief Financial Officer, said "We continue to be proactive in
improving the resilience of the company's balance sheet in a volatile
commodity price environment by raising new liquidity on attractive terms and
addressing near-term maturities. With production near record high levels and
capital at multi-year lows, closing the Term Loan facility complements our
near-term goal of organically reducing net debt through free cash flow
generation from our high-quality assets while also continuing to grow our
strategic relationship with Shell in the Gulf of America."

 

 

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.

 

Management does not provide a reconciliation for forward looking non GAAP
financial measures where it is unable to provide a meaningful or accurate
calculation or estimation of reconciling items and the information is not
available without unreasonable effort. This is due to the inherent difficulty
of forecasting the occurrence and the financial impact of various items that
have not yet occurred, are out of our control or cannot be reasonably
predicted. For the same reasons, management is unable to address the probable
significance of the unavailable information. Forward looking non GAAP
financial measures provided without the most directly comparable GAAP
financial measures may vary materially from the corresponding GAAP financial
measures.

 

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Source: Kosmos Energy Ltd.

 

Investor Relations

Jamie Buckland

+44 (0) 203 954 2831

jbuckland@kosmosenergy.com

 

Media Relations

Thomas Golembeski

+1-214-445-9674

tgolembeski@kosmosenergy.com

 

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