Kosmos Energy Announces Successful Amendment and Extension of Reserve-Based Lending Facility
Kosmos Energy completed the amendment and extension of its $1.2 billion reserve-based lending facility, with $750 million drawn at close. The facility's final maturity moved from December 2029 to April 2033, and pricing improved 25 basis points to SOFR plus 4.5% for the initial three-year period. Scheduled repayments on the current drawn amount would not commence until 2031.
Key figures
- Deal Value Usd
- 1200000000
- Pricing
- SOFR plus 4.5% for initial three-year period
- New maturity
- April 2033
- Facility size
- $1.2 billion
- Drawn at close
- $750 million
- Facility tenor
- approximately six and a half years
- Prior maturity
- December 2029
- Pricing reduction
- 0.25%
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.