Kosmos Energy Announces Amendment and Restatement of Corporate Revolving Credit Facility
-
Borrowing capacity remains at
$400 million -
Date of maturity has been extended by approximately three and one-half
years to
May 31, 2022 , and - Facility costs have been lowered from LIBOR plus a six percent margin to LIBOR plus a five percent margin
“The amendment and extension to our corporate revolving credit facility
enhances our already strong liquidity position. The improvement in terms
reflects the growth and quality of our production base and the continued
long-term support we have received from our banks is an affirmation of
our strong relationships and track-record for financial prudence,” said
About
Kosmos is a well-capitalized, pure play deepwater oil and gas company
with growing production, a pipeline of development opportunities and a
balanced exploration portfolio along the Atlantic Margins. Our assets
include growing production offshore
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’
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Source:
Kosmos Energy
Investor Relations
Jamie Buckland,+44
(0) 203 954 2831
jbuckland@kosmosenergy.com
or
Rhys
Williams, +1-214-445-9693
rwilliams@kosmosenergy.com
or
Media
Relations
Thomas Golembeski, +1-214-445-9674
tgolembeski@kosmosenergy.com