Simpson Thacher Represents Initial Purchasers in Sale of $225 Million Additional Senior Secured Notes Due 2021 by Kosmos Energy Ltd.
04.10.15
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Simpson Thacher represented the initial purchasers, led by global coordinator, Barclays Capital Inc., in the sale of an aggregate principal amount of $225 million additional 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 and its direct subsidiary, Kosmos Energy Holdings. The notes are guaranteed on a subordinated, unsecured basis by Kosmos’ subsidiaries that guarantee 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 Angela McCray (Capital Markets); Antti Pesonen and Kazik Michalski (U.K. Corporate); Jonathan Cantor, Taylor Alexander and David Holmberg (Tax); Mike Isby and Tim Mulvihill (Environmental); David Mollo-Christensen (Executive Compensation and Employee Benefits); Abram Ellis and Serafima Krikunova (Regulatory); and Jennie Getsin (Blue Sky).