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Stock impact report

Kosmos Energy Provides Update on Financial Progress

Kosmos Energy Ltd. Common Shares (DE) (KOS) 
Last kosmos energy ltd. common shares (de) earnings: 2/24 02:00 am Check Earnings Report
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) today provides a financial update following several positive developments across the company’s financing activities.Reserve-Based Lending FacilityKosmos has successfully completed the semi-annual re-determination of its reserve-based lending (“RBL”) facility with a borrowing base remaining in excess of the RBL’s $1.35 billion facility size, reflecting the quality and resilience of the assets that underpin the facility.In addition to the successful RBL redetermination, the Company confirms that it remains in full compliance with all associated liquidity and financial covenants under the RBL facility, including the liquidity test undertaken covering the Company’s 2027 unsecured notes, which was carried out alongside the RBL re-determination in September. No further tests are scheduled until March 2026.LiquidityAs previously announced, Kosmos recently entered into a senior secured term loan facility (“ Show less Read more
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