Kosmos Energy amends debt facility, cuts size to $1.2 billion, extends maturity to 2033
On October 30, 2026, Kosmos Energy amended and restated its commercial debt facility, extending the final maturity to April 1, 2033 and deferring principal reduction to October 1, 2029. Total facility size was reduced to $1.2 billion, with an option to add up to $550 million, and a new $200 million minimum liquidity covenant was added, which may matter to shareholders as the company's borrowing terms change.
Key points
- Final maturity extended to April 1, 2033; principal reduction starts October 1, 2029, in equal amounts every six months
- Applicable interest margin of 4.50% for the first three years, with subsequent increases during the amortization period
- New minimum liquidity covenant of $200 million, tested semi-annually beginning March 31, 2027
- Total facility size reduced to $1.2 billion; option to increase commitments by up to $550 million to $1.75 billion; fees and expenses expected to be approximately $20 million
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.