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Kosmos Energy Ltd - oil exploration and production company focused on Ghana, Guinea and the US Gulf of Mexico - Refinances its revolving credit facility and redetermines its reserve-based lending facility. Company says these actions have strengthened its liquidity which stands at $900 million at the end of the first quarter of 2022.
Kosmos Energy's revolving credit facility now has a capacity of $250 million and a maturity to the end of 2024. Its redetermined reverse-based debt facility has a borrowing capacity of $1.25 billion. It is secured against the company's production assets in Ghana and Guinea.
Current stock price: 545.25 pence, down 2.2%
12-month change: up from 222.00p
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