Kosmos Energy $500 million notes offering and concurrent tender offers
We advised Kosmos on the senior notes offering and concurrent tender offers
Davis Polk advised Kosmos Energy Ltd. in connection with a Rule 144A / Regulation S offering of $500 million aggregate principal amount of its 8.750% senior notes due 2031.
Davis Polk also advised Kosmos in connection with its concurrent tender offers to purchase for cash up to $400 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 and up to $100 million aggregate principal amount of its outstanding 7.750% senior notes due 2027 and its 7.500% senior notes due 2028. The concurrent cash tender offers were funded with the proceeds from the senior notes offering.
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Its 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. Kosmos also maintains a sustainable proven basin exploration program in Equatorial Guinea and the U.S. Gulf of Mexico.
The Davis Polk capital markets team included partner Byron B. Rooney, counsel John H. Runne and associates Marquis J. Pullen and Jee Young Kim. Partner Aliza Slansky, counsel Liang Zhang and associates Michael Mirabella and Michael Hsieh provided tax advice. Counsel Sarah E. Kim provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.