PLANO, Texas, Oct. 12, 2020 /PRNewswire/ -- CSG
Investments, Inc., a global buy-and-hold institution headquartered
in Dallas, Texas, announces a
$200 million senior secured term loan
maturing in five years for Kosmos Energy Ltd.'s Gulf of Mexico business unit on September 30, 2020, with funding provided by Beal
Bank USA and Trafigura Trading
LLC.
Kosmos Energy Ltd. ("Kosmos", NYSE: KOS, LSE: KOS.L) is a
well-established and well-regarded exploration and production
company with high-quality assets that are sustainable through the
oil and gas business cycle. Kosmos' Gulf of Mexico deepwater assets generate
substantial cash flow, even in today's challenging commodity price
environment.
"Beal Bank was able to look past the short-term commodity price
outlook and look to the significant value of Kosmos' Gulf of Mexico assets. CSG Investments,
Inc. was able to structure a transaction that met both our needs
and the lender's needs," said Neal
Shah, Chief Financial Officer of Kosmos.
"We are pleased to extend credit to high quality counterparties
like Kosmos and high-quality assets like their Gulf of Mexico assets. This transaction
reaffirms our commitment to the oil and gas sector. We expect the
credit needs in the sector to continue and we expect to be an
active player for the foreseeable future," said Jacob Cherner, President of CSG Investments,
Inc.
Vinson & Elkins LLP served as legal advisor to CSG
Investments, Inc.
About CSG Investments, Inc.
CSG Investments,
Inc. is a global buy-and-hold institution headquartered
in Dallas, Texas. We provide
flexible and creative capital solutions for all types of commercial
and industrial customers. CSG Investments, Inc. is a direct,
one-stop source of capital for up to $600
million per transaction. For additional information, please
contact Farzin Dinyarian
(fdinyarian@csginvestments.com) and Hans
Hubbard (hhubbard@csginvestments.com).
About Beal Bank
Beal Bank, based in Plano, Texas, and Beal Bank USA, based in Las
Vegas, Nevada, are part of Beal Financial Corporation, one
of the nation's largest privately owned financial institutions.
Both banks have a well-earned reputation as stable, strongly
capitalized financial institutions, with combined total assets in
excess of $10 billion as of
June 30, 2020. Each bank's core
service is to provide depositors with competitive rates on
certificates of deposits (CDs). Through affiliates, both banks are
also active in financing commercial real estate acquisition and
development; acquiring individual loans and loan portfolios; and
financing and funding loans and syndication interests in loans
secured by tangible assets in such industries as real estate,
lodging, energy and power, manufacturing, timber, and
transportation and distribution. Beal Bank and Beal Bank
USA are members of the
FDIC.
About Kosmos Energy
Kosmos is a full-cycle
deepwater independent oil and gas exploration and production
company focused along the Atlantic Margins. Our key assets include
production offshore Ghana, Equatorial Guinea and
U.S. Gulf of Mexico, as well as a world-class gas development
offshore Mauritania and Senegal. Kosmos is listed on
the New York Stock Exchange and London Stock
Exchange 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 our Corporate
Responsibility Report. For additional information,
visit www.kosmosenergy.com.
Contact:
|
Farzin
Dinyarian
|
fdinyarian@csginvestments.com
|
|
Hans
Hubbard
|
hhubbard@csginvestments.com
|
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SOURCE CSG Investments, Inc.