News
We provide the latest news from the world of economics and finance
We provide the latest news from the world of economics and finance
(RTTNews) - Kosmos Energy Ltd. (KOS), an upstream oil company, said on Wednesday that it has priced a private offering of $350 million 3.125 percent convertible senior notes due 2030, which represents a $50 million increase to the previously announced offering size.
The company also granted the initial purchasers an option to purchase up to an additional $50 million of notes. The offering is expected to be closed on March 8.
Kosmos estimates that the net proceeds from the offering will be approximately $340.4 million, or around $389 million.
The company intends to use the proceeds to pay down debts, pay the cost of capped call transactions, and expenses related to the offering.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© 2024 Lime Trading (CY) Ltd
Lime Trading (CY) Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2015. The "Just2Trade" trademark is owned by LimeTrading (CY) Ltd.
Registration Number: HE 341520
Address: Lime Trading (CY) Ltd
Magnum Business Center, Office 4B, Spyrou Kyprianou Avenue 78
Limassol 3076, Cyprus
Disclaimer:
All promotions, materials and information of this website may have applied conditions. Please contact the Company for further details
Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.
E-mail: 24_support@just2trade.online
