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(RTTNews) - Kosmos Energy Ltd. (KOS), an upstream oil company, announced on Tuesday that it intends to offer $300 million aggregate principal amount of Convertible Senior Notes due 2030 in a private placement.

The company also expects to grant the initial purchasers an option to purchase up to an additional $45 million of notes.

Kosmos Energy intends to use the net proceeds from the sale of the notes to repay a portion of the debt, pay the cost of the capped call transactions, and fees and expenses related to the offering.

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