Reported 16 days ago
Kosmos Energy Ltd. (KOS) announced the completion of its semi-annual assessment of reserve-based lending facilities on October 1, 2025, confirming compliance with all financial covenants and that its borrowing base exceeds the $1.35 billion limit. The company also secured a $250 million senior loan with Shell, which allows for partial redemption of its 2026 notes. Additionally, it enhanced its oil hedging for 2026 amidst rising oil prices to strengthen its balance sheet against market volatility.
Source: YAHOO