Kosmos Strength Announces Start of Its Senior Notes Giving | Business & Finance
DALLAS–(Business WIRE)–Feb 23, 2021–
Kosmos Vitality Ltd. (“Kosmos”) (NYSE: KOS) introduced now that, subject to sector conditions, it intends to offer $400 million combination principal volume of senior notes due 2028. Kosmos intends to use the net proceeds from the supplying to repay excellent indebtedness less than its revolving credit score facility and business financial debt amenities and for standard company purposes.
The securities to be supplied will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities regulations and except if so registered, the securities may well not be made available or offered in the United States with out registration or an applicable exemption from the registration needs of the Securities Act and relevant point out securities or blue sky legislation and international securities rules. The senior notes and the relevant assures will be presented only to individuals moderately thought to be skilled institutional buyers in reliance on the exemption from registration set forth in Rule 144A underneath the Securities Act and, outside the house the United States, to non-U.S. folks in reliance on the exemption from registration established forth in Regulation S under the Securities Act.
This push release is being issued pursuant to, and in accordance with, Rule 135c under the Securities Act, and is neither an offer you to offer nor a solicitation of an give to purchase the notes or any other securities and shall not constitute an offer you to market or a solicitation of an offer to obtain, or a sale of, the notes or any other securities in any jurisdiction in which these kinds of offer, solicitation or sale is unlawful.
Kosmos is a complete-cycle deepwater independent oil and gasoline exploration and creation corporation centered along the Atlantic Margins. Our crucial belongings consist of generation offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as very well as a world-class fuel improvement offshore Mauritania and Senegal. Kosmos is shown on The New York Stock Exchange and London Inventory Trade and is traded beneath the ticker symbol KOS. As an moral and transparent organization, Kosmos is committed to performing items the appropriate way. The Company’s Company Concepts articulate our commitment to transparency, ethics, human legal rights, safety and the environment.
Ahead-Hunting Statements
This push launch incorporates ahead-on the lookout statements within just the meaning of Section 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Trade Act of 1934, as amended. All statements, other than statements of historical points, provided in this press launch that deal with actions, activities or developments that Kosmos expects, thinks or anticipates will or might manifest in the upcoming are forward-wanting statements. Kosmos’ estimates and forward-looking statements are primarily centered on its present expectations and estimates of long term situations and tendencies, which influence or may have an impact on its organizations and operations. Despite the fact that Kosmos believes that these estimates and ahead-wanting statements are centered upon affordable assumptions, they are issue to several risks and uncertainties and are made in mild of information and facts at the moment offered to Kosmos. When utilized in this press release, the words and phrases “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other very similar text are supposed to establish ahead-searching statements. These types of statements are topic to a variety of assumptions, challenges and uncertainties, many of which are outside of the regulate of Kosmos, which might bring about real effects to differ materially from individuals implied or expressed by the forward-on the lookout statements. Further more facts on this sort of assumptions, challenges and uncertainties is obtainable in Kosmos’ Securities and Trade Fee (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or accurate these forward-on the lookout statements to replicate situations or conditions occurring after the day of this push release, except as expected by applicable law. You are cautioned not to spot undue reliance on these forward-looking statements, which speak only as of the date of this press launch. All forward-looking statements are competent in their entirety by this cautionary assertion.
European Economic Spot and United Kingdom Notices
Monetary Perform Authority (FCA) stabilization principles implement.
MiFIR professionals / ECPs only / No PRIIPs / United kingdom PRIIPs Kid – Company goal sector (MiFID II merchandise governance) is qualified counterparties and experienced customers only (all distribution channels). No PRIIPs regulation crucial data document (Kid) has been prepared as the notes are not out there to retail investors in the EEA or the United Kingdom.
Call: Kosmos Power Ltd.
Jamie Buckland, +44 () 203 954 2831
Thomas Golembeski, +1-214-445-9674
Search term: UNITED STATES NORTH The usa TEXAS
Business Search term: OIL/Fuel Electrical power
Supply: Kosmos Electricity Ltd.
Copyright Business Wire 2021.
PUB: 02/23/2021 03:39 AM/DISC: 02/23/2021 03:39 AM
Copyright Company Wire 2021.