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Kosmos Energy ( (KOS) ) has issued an announcement.
Kosmos Energy has entered into a senior secured term loan facility with Shell Trading (US) Company for up to $250 million, with funding expected on October 1, 2025. This facility will be used to repay outstanding unsecured notes, enhancing the company’s financial resilience amid volatile commodity prices. The loan is structured in two tranches, with the first $150 million tranche to be drawn at closing and a second $100 million tranche available until April 2026. This move aligns with Kosmos’ strategy to organically reduce net debt through free cash flow generation while strengthening its strategic relationship with Shell in the Gulf of America.
More about Kosmos Energy
Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. The company has diversified oil and gas production from assets offshore in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Kosmos is listed on the NYSE and LSE under the ticker symbol KOS and is committed to transparency, ethics, human rights, safety, and the environment.
For an in-depth examination of KOS stock, go to TipRanks’ Overview page.