Source - Alliance News

Kosmos Energy Ltd - oil exploration and production company focused on Ghana, Guinea and the US Gulf of Mexico - Refinances its revolving credit facility and redetermines its reserve-based lending facility. Company says these actions have strengthened its liquidity which stands at $900 million at the end of the first quarter of 2022.

Kosmos Energy’s revolving credit facility now has a capacity of $250 million and a maturity to the end of 2024. Its redetermined reverse-based debt facility has a borrowing capacity of $1.25 billion. It is secured against the company’s production assets in Ghana and Guinea.

Current stock price: 545.25 pence, down 2.2%

12-month change: up from 222.00p

Copyright 2022 Alliance News Limited. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Kosmos Energy LTD (KOS)

-8.00p (-1.67%)
delayed 18:29PM