Kosmos Energy’s $650 Million Senior Notes Offering


Simpson Thacher represented the initial purchasers, led by Citigroup Global Markets Limited, SG Americas Securities, LLC and Standard Chartered Bank, in the sale of an aggregate principal amount of $650 million 7.125% Senior Notes due 2026 by Kosmos Energy Ltd. (“Kosmos”).

Kosmos will use a portion of the net proceeds from the offering to redeem all of its outstanding 7.875% Senior Secured Notes due 2021 and intends to use the remaining net proceeds to repay a portion of the outstanding indebtedness under its revolving credit facility. The size of the offering was upsized from $600 million.

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margin.

The Simpson Thacher team included David Azarkh (Picture), Matt Hart, Brian Mathes and Richard Ragusa (Capital Markets); Shahpur Kabraji (U.K. Corporate); Jonathan Cantor and Brian Mendick (Tax); Mike Isby and Tim Mulvihill (Environmental); Larry Moss and Joo Hyun Lee (Executive Compensation and Employee Benefits); Abram Ellis and Tomi Mendel (Regulatory); and Jennie Getsin (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Abram Ellis – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Matthew Hart – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Shahpur Kabraji – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Brian Mathes – Simpson Thacher & Bartlett; Tomi Mendel – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Richard Ragusa – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; SG Americas Securities LLC; Standard Chartered Bank;

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Author: Ambrogio Visconti