Current Report Filing (8-k)
December 01 2017 - 5:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 1, 2017
Cobalt International Energy, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-34579
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27-0821169
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(State or other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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Cobalt Center
920 Memorial City Way, Suite 100
Houston, Texas
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77024
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (713)
579-9100
N/A
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.
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Cobalt International Energy, Inc. (the
Company
)
has elected not to make the interest payment of approximately $8.1 million due on December 1, 2017 with respect to its outstanding 2.625% Convertible Senior Notes due 2019 (the
2019 Notes
). The indenture governing
the 2019 Notes permits the Company a
30-day grace
period to make the interest payment. If the Company fails to make the interest payment within the grace period an event of default will result,
and the trustee or noteholders holding at least 25% in the aggregate outstanding principal amount of 2019 Notes may elect to accelerate the 2019 Notes causing them to be immediately due and payable. In addition, an event of default under the
indenture governing the 2019 Notes would trigger an event of default under all of the Companys other outstanding indebtedness.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: December 1, 2017
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Cobalt International Energy, Inc.
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By:
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/s/ Jeffrey A. Starzec
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Name:
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Jeffrey A. Starzec
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Title:
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Executive Vice President and General Counsel
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