Kosmos Energy Prices Upsized Offering of $350M 3.125% Convertible Senior Notes Due 2030, up by $50M
Portfolio Pulse from Benzinga Newsdesk
Kosmos Energy Ltd. (KOS) has priced a private offering of $350 million 3.125% convertible senior notes due 2030, which is a $50 million increase from the initially announced offering size. The company also provided an option for initial purchasers to buy an additional $50 million of notes. The offering is expected to close on March 8, 2024.
March 06, 2024 | 7:03 am
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Kosmos Energy Ltd. has upsized its offering of convertible senior notes to $350 million, indicating a potential increase in liquidity or investment for future projects.
The upsizing of the convertible senior notes offering by Kosmos Energy suggests a positive reception from investors and potential for increased liquidity. This could be seen as a positive signal for the company's financial health and future investment capabilities, likely leading to a short-term positive impact on the stock price.
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