Simpson Thacher Represents Initial Purchasers in Sale of $300 Million Senior Secured Notes Due 2021 by Kosmos Energy Ltd.
08.01.14
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Simpson Thacher represented the initial purchasers, led by global coordinators, Barclays Capital Inc. and BNP Paribas, in the sale of an aggregate principal amount of $300 million 7.875% Senior Secured Notes due 2021 by Kosmos Energy Ltd. (“Kosmos”). The notes are secured by a first ranking fixed equitable charge on all shares held by Kosmos in its direct subsidiary, Kosmos Energy Holdings. The notes are guaranteed on a subordinated, unsecured basis by Kosmos’ subsidiaries that guarantees its credit facilities. Kosmos intends to use the net proceeds of the offering to repay a portion of the outstanding indebtedness under its commercial debt facility and for general corporate purposes.
Kosmos is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin.
The Simpson Thacher team included Ed Tolley, David Azarkh and Matt Gabbard (Capital Markets); Robert Rabalais, Brian Minyard and Peter Raish (Banking); Antti Pesonen, Lucy Jenkins and Kazik Michalski (U.K. Corporate); Jonathan Cantor and Taylor Alexander (Tax); Mike Isby and Tim Mulvihill (Environmental); David Mollo-Christensen (Executive Compensation and Employee Benefits); Abram Ellis (Regulatory); and Jennie Getsin (Blue Sky).