Kosmos Energy Announces Increase In Credit Facility To $400M From $300M & Maturity Extended 3-Years To Nov 2018.

Kosmos Energy Ltd. ("Kosmos")

announced today an amendment and restatement of its corporate revolving credit facility. Three significant changes have been made: Borrowing capacity has been increased to $400 million, up from $300 million Date of maturity has been extended by three years to November 2018, and Commitment fees have been lowered to 30% of the margin. Combined with its $1.5 billion reserves-based lending facility, Kosmos now has secured debt facilities totaling $1.9 billion, of which only $300 million was drawn as of June 1, 2015. "The amendment to our corporate revolving credit facility enhances our already strong liquidity position. The continued support we have received from our relationship banks is an affirmation of our strategy and asset quality. With this additional capital in hand, Kosmos has the financial strength and flexibility to continue growing profitably through the cycle," said Thomas P. Chambers, senior vice president and chief financial officer.