Tags

Kosmos Energy (KOS) Secures $250 Million Loan from Shell

Kosmos Energy (KOS) has obtained a $250 million senior secured loan from Shell Trading (US) Company. This financing arrangement, which is expected to be completed by October 1, 2025, is intended to address Kosmos’s outstanding unsecured notes. Initially, $150 million will be used to partially redeem 2026 notes, while the remaining $100 million can be accessed until April 1, 2026. The loan is backed by assets in the Gulf of Mexico, carries an interest rate of SOFR + 3.75%, and will mature over four years.

Kosmos Energy hands over school clinic to Senya SHS

At the handing over ceremony, the Senior Vice-President and Head of Ghana Business Unit of Kosmos Energy Ghana, Mr. Joe Mensah recalled that prior to the current project, there was a donation of 3200 student mono-desks to four Senior High Schools – Savelugu SHS, Ningo SHS, Prampram SHS, and Tsiame SHS in the Northern, Greater Accra and Volta regions respectively.

Kosmos Energy drops bid to acquire Tullow

US player Kosmos Energy has dropped its bid to acquire Africa-focused UK independent Tullow Oil, the two companies announced on Tuesday. Last week, Kosmos unveiled a possible all-share offer to acquire Tullow. It had a deadline of January 9, 2025, to make the offer. The news sent Tullow stocks down 4% while Kosmos stocks enjoyed […]