News Column

Kosmos Energy Announces Pricing of Secondary Public Offering of Common Shares

July 25, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Kosmos Energy Ltd. ("Kosmos") (NYSE: KOS) announced the pricing of a previously announced underwritten public offering of 17 million of its common shares (the "Offering"), all of which were offered by funds affiliated with The Blackstone Group L.P. and Warburg Pincus LLC, respectively (the "Selling Shareholders"). The price to the public was $9.92 per share. The underwriter of the Offering has been granted an option, exercisable within 30 days, to purchase up to an additional 2.55 million common shares from the Selling Shareholders on the same terms and conditions to cover over-allotments, if any. The Offering is expected to close on July 15, 2014, subject to customary closing conditions. Kosmos will not receive any of the proceeds from the sale of the common shares. Barclays Capital Inc. is acting as the underwriter of the Offering.

The Offering is being made pursuant to an effective shelf registration statement, including a prospectus, filed by Kosmos with the U.S. Securities and Exchange Commission ("SEC") on June 22, 2012 and a prospectus supplement to be filed with the SEC. You may get these documents for free by visiting the SEC website at www.sec.gov. Alternatively, copies of the prospectus and a prospectus supplement, when available, may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 888-603-5847, or by email at Barclaysprospectus@broadridge.com.

Keywords for this news article include: Kosmos Energy Ltd, Banking and Finance.

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Source: Energy Weekly News


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