KOSMOS ENERGY ANNOUNCES
PRICING OF $500 MILLION OF SENIOR NOTES DUE 2031
DALLAS--September
11, 2024 - Kosmos Energy Ltd. ("Kosmos") (NYSE/LSE: KOS)
announced today the pricing of $500 million aggregate principal
amount of its 8.750% senior notes due 2031. The offering is
expected to close on September 24, 2024, subject to customary
closing conditions. Kosmos intends to use the net proceeds from the
offering, together with cash on hand, to fund the tender offers for
a portion of its 7.125% Senior Notes due 2026, 7.750% Senior Notes
due 2027 and 7.500% Senior Notes due 2028 and to pay any related
premiums, fees and expenses.
The senior notes offered have not been and will not
be registered under the Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws, and the securities
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of
the Securities Act and applicable state securities or blue sky
laws. The senior notes were 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
senior notes or any other securities, and it does not constitute an
offer to purchase or a solicitation to sell any notes subject to
the tender offers or any other securities or a conditional notice
of partial redemption with respect to any securities. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, or a sale of, the senior 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
offshore Atlantic Margins. Our key assets include production
offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as
well as world-class gas projects offshore Mauritania and Senegal.
We also pursue a proven basin exploration program in Equatorial
Guinea and the U.S. Gulf of Mexico. Kosmos is listed on the NYSE
and LSE and is traded under the ticker symbol KOS. Kosmos is
engaged in a single line of business, which is the exploration,
development, and production of oil and natural gas. Substantially
all of our long-lived assets and all of our product sales are
related to operations in four geographic areas: Ghana, Equatorial
Guinea, Mauritania/Senegal and the U.S. Gulf of Mexico.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act 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," "may," "potential" 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 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.
Investor Relations
Jamie
Buckland
+44 (0) 203 954 2831
jbuckland@kosmosenergy.com
or
Media Relations
Thomas
Golembeski
+1-214-445-9674
tgolembeski@kosmosenergy.com