Kosmos Energy Limited Senior Notes Offering (9605P)
February 23 2021 - 2:22AM
UK Regulatory
TIDMKOS
RNS Number : 9605P
Kosmos Energy Limited
23 February 2021
NEWS RELEASE
KOSMOS ENERGY ANNOUNCES LAUNCH OF ITS SENIOR NOTES OFFERING
DALLAS--(BUSINESS WIRE)-February 23 , 2021-- Kosmos Energy Ltd.
("Kosmos") (NYSE: KOS) announced today that, subject to market
conditions, it intends to offer $400 million aggregate principal
amount of senior notes due 2028. Kosmos intends to use the net
proceeds from the offering to repay outstanding indebtedness under
its revolving credit facility and commercial debt facilities and
for general corporate purposes.
The securities to be offered will not be registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws and unless so registered, the securities may
not be offered or sold in the United States without registration or
an applicable exemption from the registration requirements of the
Securities Act and applicable state securities or blue sky laws and
foreign securities laws. The senior notes and the related
guarantees will be 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 notes or
any other securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the notes or any
other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.
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.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. 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.
European Economic Area and United Kingdom Notices
Financial Conduct Authority (FCA) stabilization rules apply.
MiFIR professionals / ECPs only / No PRIIPs / UK PRIIPs KID -
Manufacturer target market (MiFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs regulation key information
document (KID) has been prepared as the notes are not available to
retail investors in the EEA or the United Kingdom.
Source: Kosmos Energy Ltd.
Kosmos Energy Ltd.
Investor Relations
Jamie Buckland, +44 (0) 203 954 2831
jbuckland@kosmosenergy.com
or
Media Relations
Thomas Golembeski, +1-214-445-9674
tgolembeski@kosmosenergy.com
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END
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