• Natural Gas News

    Kosmos prices $400mn in notes

Summary

The company will use the proceeds to refinance other notes.

by: Joseph Murphy

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Kosmos prices $400mn in notes

US oil producer Kosmos has priced $400mn in senior notes with a 7.75% interest, due 2027, the company said on October 22.

Kosmos said it would use the proceeds from the offering to help refinance the $400mn of private placement notes the company issued to fund its takeover of Anadarko assets in Ghana.

The Houston-based producer is due to publish its third-quarter results on November 8.