Kosmos Energy Announces Successful Amendment and Extension of Reserve-Based Lending Facility
Key Highlights
- ➤RBL facility maintains $1.2 billion total commitments, with $750 million drawn at close
- ➤Final maturity extends from December 2029 to April 2033
- ➤Initial pricing falls 0.25% to SOFR plus 4.5% for three years
- ➤Scheduled repayments begin in 2031 at the current drawn amount
- ➤Facility was oversubscribed, reflecting strong banking-market support
Expert Statements
Neal Shah, Chief Financial Officer of Kosmos Energy
“The successful completion of our RBL amendment and extension represents another significant milestone in the execution of our financing strategy. The transaction extends a key source of liquidity out to 2033, improving our maturity profile and further strengthening our financial flexibility. Positive feedback from the market reflects the quality of our asset base and confidence in the future of Kosmos. We are pleased with the strong support received from the banking market and I thank our bank group for their continued support. Following the completion of this transaction, our focus remains on continuing to reduce leverage, enhance liquidity and address our remaining near-term maturities as we position Kosmos for sustainable long-term value creation.”
DALLAS, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) today announced the successful completion of the amendment and extension of its reserve-based lending ("RBL") facility. This represents another important step in the Company's ongoing efforts to strengthen balance sheet resilience, improve liquidity and extend debt maturities.
The amended facility maintains a facility size and total commitments of $1.2 billion, with $750 million drawn at close. The facility has a tenor of approximately six and a half years, which extends the final maturity date from December 2029 to April 2033 with the facility size beginning to amortize after three years. With the current drawn amount, the scheduled repayments would commence in 2031.
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