Kosmos Energy Limited Launch of Public Offering of Common Stock (0175P)
October 14 2021 - 1:00AM
UK Regulatory
TIDMKOS
RNS Number : 0175P
Kosmos Energy Limited
14 October 2021
KOSMOS ENERGY ANNOUNCES LAUNCH OF PUBLIC OFFERING OF COMMON
STOCK
DALLAS, Texas, OCTOBER 14, 2021 - Kosmos Energy Ltd. ("Kosmos"
or the "Company") (NYSE/LSE:KOS) announced yesterday that is has
launched a registered underwritten public offering of 37,500,000
shares of common stock (the "Offering"). In addition, Kosmos
intends to grant the underwriters a 30-day option to purchase up to
an additional 5,625,000 shares of common stock at the public
offering price less underwriting discounts.
Kosmos intends to use the net proceeds from this offering to
repay outstanding borrowings under its commercial debt facility,
including borrowings incurred to finance a portion of the
previously announced acquisition of Anadarko WCTP Company.
Barclays, BofA Securities and Jefferies are acting as joint
book-running managers in the Offering.
The Offering is being made pursuant to an effective shelf
registration statement, including a prospectus, filed by Kosmos
with the U.S. Securities and Exchange Commission ("SEC") on June
21, 2021. The Offering may only be made by means of a preliminary
prospectus supplement and accompanying prospectus. Before you
invest, you should read the applicable preliminary prospectus
supplement and the prospectus in the registration statement and
other documents we have filed with the SEC for more complete
information about us and the Offering. You may access these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, we, the underwriters or any dealer
participating in the Offering will arrange to send you the
preliminary prospectus supplement and the accompanying prospectus
upon request to: Barclays, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, (888) 603-5847,
barclaysprospectus@broadridge.com and BofA Securities at
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001, Attention: Prospectus Department or by emailing to
dg.prospectus_requests@bofa.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy shares of common stock and shall
not constitute an offer, solicitation or sale in any jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to the registration and qualification under the securities
laws of such state or jurisdiction.
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 the U.S. Gulf of Mexico, as well as a
world-class gas development offshore Mauritania and Senegal. We
also maintain a sustainable proven basin exploration program in
Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. 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 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 (including, but not limited to, the impact of the COVID-19
pandemic), 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.
CONTACTS:
Investor Relations Media Relations
Jamie Buckland Thomas Golembeski
+44 (0) 203 954 2831 +1-214-445-9674
jbuckland@kosmosenergy.com golembeski@kosmosenergy.com
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