Kosmos Energy Announces Launch of Senior Notes Offering
October 19 2021 - 04:00AM
Business Wire
Kosmos Energy Ltd. (“Kosmos”) (NYSE/LSE:KOS) announced today
that, subject to market conditions, it intends to offer $400
million aggregate principal amount of senior notes due 2027. Kosmos
intends to use the net proceeds from the offering, together with
cash on hand, to refinance the $400 million aggregate principal
amount of private placement notes the Company issued to fund its
acquisition of Anadarko WCTP Company.
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 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.
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211019005524/en/
Investor Relations Jamie Buckland +44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations Thomas Golembeski +1-214-445-9674
tgolembeski@kosmosenergy.com
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