1st Apr 2022 08:44
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 USD900 million at the end of the first quarter of 2022.
Kosmos Energy's revolving credit facility now has a capacity of USD250 million and a maturity to the end of 2024. Its redetermined reverse-based debt facility has a borrowing capacity of USD1.25 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
By Heather Rydings; [email protected]
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